Insider Selling: Five9 (NASDAQ:FIVN) President Sells $17,045.00 in Stock

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 700 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $24.35, for a total transaction of $17,045.00. Following the completion of the sale, the president owned 216,025 shares in the company, valued at $5,260,208.75. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, October 1st, Andy Dignan sold 700 shares of Five9 stock. The shares were sold at an average price of $23.97, for a total value of $16,779.00.
• On Friday, September 5th, Andy Dignan sold 700 shares of Five9 stock. The stock was sold at an average price of $26.48, for a total value of $18,536.00.
• On Thursday, September 4th, Andy Dignan sold 7,614 shares of Five9 stock. The shares were sold at an average price of $25.48, for a total value of $194,004.72.

Five9 Trading Down 5.4%

Shares of FIVN stock opened at $21.54 on Friday. Five9, Inc. has a twelve month low of $20.48 and a twelve month high of $49.90. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 239.36, a PEG ratio of 2.20 and a beta of 1.27. The firm has a 50-day moving average price of $24.25 and a 200 day moving average price of $25.82. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. The business had revenue of $283.27 million during the quarter. Five9 had a net margin of 0.80% and a return on equity of 8.91%. Research analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Five9

Institutional investors have recently added to or reduced their stakes in the business. Voss Capital LP raised its position in Five9 by 211.4% in the second quarter. Voss Capital LP now owns 3,250,000 shares of the software maker’s stock valued at $86,060,000 after purchasing an additional 2,206,173 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Five9 by 292.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock valued at $72,745,000 after acquiring an additional 1,996,628 shares in the last quarter. Norges Bank purchased a new stake in shares of Five9 during the second quarter valued at approximately $39,056,000. Federated Hermes Inc. lifted its position in shares of Five9 by 124,372.3% during the second quarter. Federated Hermes Inc. now owns 830,230 shares of the software maker’s stock worth $21,984,000 after purchasing an additional 829,563 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its holdings in Five9 by 254.2% during the 1st quarter. Segall Bryant & Hamill LLC now owns 763,310 shares of the software maker’s stock valued at $20,724,000 after purchasing an additional 547,794 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FIVN. Rosenblatt Securities reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Five9 in a research report on Friday, August 1st. Wells Fargo & Company began coverage on shares of Five9 in a research note on Tuesday, September 30th. They set an “equal weight” rating and a $28.00 price objective for the company. Morgan Stanley set a $30.00 price objective on shares of Five9 in a report on Tuesday, October 21st. Canaccord Genuity Group reissued a “buy” rating and issued a $40.00 target price on shares of Five9 in a research report on Friday, August 1st. Finally, DA Davidson reissued a “neutral” rating and set a $28.00 price objective on shares of Five9 in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and an average price target of $38.00.

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.