Five9, Inc. (NASDAQ:FIVN) COO Andy Dignan Sells 2,840 Shares

Five9, Inc. (NASDAQ:FIVN - Get Free Report) COO Andy Dignan sold 2,840 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $94,373.20. Following the completion of the sale, the chief operating officer now owns 194,201 shares in the company, valued at approximately $6,453,299.23. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Five9 Stock Down 6.0 %

Shares of FIVN traded down $1.94 during mid-day trading on Monday, hitting $30.54. 1,413,216 shares of the company traded hands, compared to its average volume of 1,645,683. The company has a market capitalization of $2.32 billion, a PE ratio of -152.69, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The business has a 50 day moving average of $39.31 and a 200 day moving average of $35.97. Five9, Inc. has a 1-year low of $26.60 and a 1-year high of $63.79.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly 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 company had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Equities research analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.

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Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FIVN shares. Wells Fargo & Company lowered shares of Five9 from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $55.00 to $40.00 in a report on Tuesday, November 12th. Morgan Stanley boosted their price target on Five9 from $40.00 to $46.00 and gave the company an "equal weight" rating in a report on Wednesday, December 18th. Truist Financial restated a "buy" rating and set a $65.00 price objective on shares of Five9 in a report on Tuesday, December 17th. Robert W. Baird upped their target price on Five9 from $40.00 to $43.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. Finally, William Blair reissued an "outperform" rating on shares of Five9 in a research report on Friday, February 21st. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Five9 currently has an average rating of "Moderate Buy" and an average price target of $57.65.

Institutional Trading of Five9

Large investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its holdings in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after purchasing an additional 520 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Five9 in the fourth quarter worth $36,000. Johnson Financial Group Inc. purchased a new position in shares of Five9 during the fourth quarter worth $47,000. Steward Partners Investment Advisory LLC lifted its position in Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after purchasing an additional 1,315 shares during the period. Finally, Quest Partners LLC purchased a new stake in Five9 in the third quarter valued at $95,000. Hedge funds and other 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.