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 on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $21,140.00. Following the sale, the president now directly owns 193,501 shares of the company’s stock, valued at approximately $5,843,730.20. The trade was a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 Price Performance

FIVN stock traded down $1.35 during trading on Thursday, hitting $28.24. The company had a trading volume of 2,263,046 shares, compared to its average volume of 1,666,936. The business has a 50 day moving average of $38.67 and a 200 day moving average of $35.88. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -141.19, a P/E/G ratio of 9.41 and a beta of 1.01. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $63.79.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). The company had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. As a group, research analysts predict that Five9, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Truist Financial reissued a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Morgan Stanley lifted their price target on shares of Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Barclays increased their price target on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. William Blair reissued an “outperform” rating on shares of Five9 in a report on Thursday. Finally, Piper Sandler lifted their target price on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.65.

Institutional Trading of Five9

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in Five9 during the fourth quarter valued at about $81,280,000. Ameriprise Financial Inc. boosted its position in shares of Five9 by 353.3% during the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock valued at $97,356,000 after purchasing an additional 1,867,137 shares in the last quarter. Sylebra Capital LLC grew its stake in shares of Five9 by 59.4% in the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock worth $152,228,000 after purchasing an additional 1,396,496 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Five9 in the 4th quarter worth approximately $51,061,000. Finally, Wellington Management Group LLP lifted its stake in Five9 by 50.9% during the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after purchasing an additional 601,348 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Five9 Company Profile

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.