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

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $21,140.00. Following the sale, the president now owns 193,501 shares of the company’s stock, valued at $5,843,730.20. The trade was a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 transaction of $94,373.20.

Five9 Stock Performance

Shares of FIVN stock opened at $28.24 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $2.14 billion, a P/E ratio of -141.19, a P/E/G ratio of 9.41 and a beta of 1.01. The firm’s 50 day moving average price is $38.42 and its 200-day moving average price is $35.83. Five9, Inc. has a one year low of $26.60 and a one year high of $63.79.

Five9 (NASDAQ:FIVN) last announced its earnings results 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). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The firm had revenue of $278.66 million during the quarter, compared to analysts’ expectations of $267.70 million. As a group, equities research analysts predict that Five9, Inc. will post 0.28 EPS for the current year.

Hedge Funds Weigh In On Five9

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

Analyst Ratings Changes

Several research firms have recently weighed in on FIVN. Cantor Fitzgerald raised their price target on shares of Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Truist Financial reissued a “buy” rating and issued a $65.00 target price on shares of Five9 in a research note on Tuesday, December 17th. Rosenblatt Securities upped their price target on Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 price target on shares of Five9 in a report on Friday, February 21st. Finally, William Blair reissued an “outperform” rating on shares of Five9 in a research note on Thursday. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.65.

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.