Five9, Inc. (NASDAQ:FIVN) President Sells $21,140.00 in Stock

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $21,140.00. Following the completion of the sale, the president now owns 193,501 shares in the company, valued at approximately $5,843,730.20. This represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Andy Dignan also recently made the following trade(s):

• On Tuesday, March 4th, Andy Dignan sold 2,840 shares of Five9 stock. The shares were sold at an average price of $33.23, for a total value of $94,373.20.

Five9 Stock Performance

Shares of Five9 stock opened at $29.48 on Friday. The stock has a market cap of $2.23 billion, a PE ratio of -147.39, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. The business has a fifty day simple moving average of $38.19 and a 200-day simple moving average of $35.82. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $63.79.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). The business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. On average, sell-side analysts anticipate that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FIVN shares. Needham & Company LLC reiterated a “buy” rating and set a $52.00 price target on shares of Five9 in a research report on Friday, February 21st. Piper Sandler lifted their price target on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. William Blair reiterated an “outperform” rating on shares of Five9 in a research report on Thursday. Barclays lifted their price target on Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Morgan Stanley lifted their price target on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.25.

Institutional Trading of Five9

Institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in Five9 by 14.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock valued at $47,919,000 after purchasing an additional 210,836 shares during the last quarter. Gagnon Securities LLC boosted its position in Five9 by 10.4% during the fourth quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker’s stock valued at $14,878,000 after purchasing an additional 34,597 shares during the last quarter. Vestcor Inc boosted its position in Five9 by 42.9% during the third quarter. Vestcor Inc now owns 50,000 shares of the software maker’s stock valued at $1,437,000 after purchasing an additional 15,000 shares during the last quarter. Fisher Asset Management LLC boosted its position in Five9 by 14.9% during the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock valued at $21,891,000 after purchasing an additional 98,543 shares during the last quarter. Finally, Barclays PLC boosted its position in Five9 by 215.8% during the third quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock valued at $6,956,000 after purchasing an additional 165,487 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.