Five9, Inc. (NASDAQ:FIVN) President Sells $18,900.00 in Stock

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 700 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $27.00, for a total value of $18,900.00. Following the completion of the transaction, the president now owns 232,709 shares in the company, valued at $6,283,143. The trade was a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, March 11th, Andy Dignan sold 700 shares of Five9 stock. The shares were sold at an average price of $30.20, for a total value of $21,140.00.
• On Tuesday, March 4th, Andy Dignan sold 2,840 shares of Five9 stock. The stock was sold at an average price of $33.23, for a total value of $94,373.20.

Five9 Price Performance

FIVN stock opened at $23.00 on Friday. The stock has a 50-day moving average price of $35.20 and a two-hundred day moving average price of $35.71. Five9, Inc. has a 1 year low of $22.09 and a 1 year high of $63.30. The stock has a market cap of $1.74 billion, a PE ratio of -114.99, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29. 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 (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 analysts’ consensus estimates of $0.70 by ($0.44). The firm had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. Equities analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Trading of Five9

A number of institutional investors have recently made changes to their positions in FIVN. Moody National Bank Trust Division bought a new position in Five9 in the first quarter valued at $423,000. Wellington Management Group LLP grew its holdings in shares of Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after acquiring an additional 601,348 shares in the last quarter. Menard Financial Group LLC acquired a new stake in shares of Five9 in the fourth quarter valued at about $206,000. Jefferies Financial Group Inc. acquired a new stake in shares of Five9 in the fourth quarter valued at about $1,048,000. Finally, Sylebra Capital LLC raised its holdings in Five9 by 59.4% during the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock worth $152,228,000 after acquiring an additional 1,396,496 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FIVN shares. Piper Sandler boosted their price target on shares of Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $65.00 target price on shares of Five9 in a research report on Wednesday, March 19th. Morgan Stanley raised their price target on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. William Blair reiterated an “outperform” rating on shares of Five9 in a report on Thursday, March 13th. Finally, Needham & Company LLC restated a “buy” rating and set a $52.00 target price on shares of Five9 in a report on Friday. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Five9 currently has an average rating of “Moderate Buy” and an average target price of $56.76.

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.