Five9, Inc. (NASDAQ:FIVN – Get Free Report) President Andy Dignan sold 2,746 shares of Five9 stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $31.57, for a total transaction of $86,691.22. Following the transaction, the president directly owned 244,600 shares of the company’s stock, valued at approximately $7,722,022. This represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Andy Dignan also recently made the following trade(s):
- On Friday, September 4th, Andy Dignan sold 10,574 shares of Five9 stock. The stock was sold at an average price of $33.35, for a total transaction of $352,642.90.
- On Friday, August 28th, Andy Dignan sold 17,767 shares of Five9 stock. The shares were sold at an average price of $35.03, for a total value of $622,378.01.
Five9 Trading Down 2.8%
FIVN traded down $0.86 during trading on Wednesday, hitting $30.37. 1,121,214 shares of the stock were exchanged, compared to its average volume of 2,770,734. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 44.02 and a beta of 1.48. The firm has a 50 day simple moving average of $29.04 and a 200 day simple moving average of $22.33. The company has a debt-to-equity ratio of 0.94, a quick ratio of 4.15 and a current ratio of 4.15. Five9, Inc. has a 1 year low of $13.29 and a 1 year high of $35.18.
Hedge Funds Weigh In On Five9
Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its holdings in shares of Five9 by 14.5% during the second quarter. NewEdge Advisors LLC now owns 2,894 shares of the software maker’s stock worth $62,000 after acquiring an additional 366 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Five9 by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 69,189 shares of the software maker’s stock worth $1,832,000 after purchasing an additional 549 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Five9 by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 56,303 shares of the software maker’s stock worth $1,129,000 after purchasing an additional 807 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Five9 by 378.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker’s stock worth $26,000 after purchasing an additional 1,367 shares during the period. Finally, Quarry LP acquired a new position in Five9 during the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 96.64% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. Piper Sandler upped their price objective on Five9 from $24.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Cantor Fitzgerald lifted their price objective on shares of Five9 from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Wells Fargo & Company raised their target price on Five9 from $24.00 to $32.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 25th. Truist Financial lifted their price target on Five9 from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Finally, Canaccord Genuity Group upped their price target on Five9 from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.14.
Read Our Latest Research Report on FIVN
Key Stories Impacting Five9
Here are the key news stories impacting Five9 this week:
- Positive Sentiment: Five9’s latest quarterly results exceeded expectations, with earnings of $0.70 per share versus the $0.68 consensus estimate and revenue of $312.44 million versus $306.61 million expected. Revenue increased 10.3% year over year, and management issued third-quarter EPS guidance of $0.77 to $0.81. Five9 stock information
- Positive Sentiment: Analyst sentiment remains constructive. Canaccord Genuity raised its price target to $39 and maintained a buy rating, while Zacks Research upgraded the stock to strong buy. Five9 has an overall “Moderate Buy” consensus rating and an average target of $33.14.
- Neutral Sentiment: Institutional ownership remains high at approximately 96.6%, and several investment firms recently increased their positions. However, the reported additions were generally from smaller funds and may have limited immediate trading impact.
- Negative Sentiment: Multiple executives collectively sold approximately 59,078 shares worth about $1.47 million, including sales by President Andy Dignan, CFO Bryan Lee, CAO Leena Mansharamani and insider Tiffany Meriweather. The volume of selling can weigh on sentiment, particularly after the stock’s recent rally. SEC insider trading filing
- Negative Sentiment: The insider sales were made to satisfy tax withholding requirements related to vested equity awards and were executed through pre-arranged 10b5-1 plans, reducing their significance as discretionary bearish bets but still creating near-term selling overhang.
Five9 Company Profile
Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.
Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.
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