Insider Selling: Five9, Inc. (NASDAQ:FIVN) President Sells 700 Shares of Stock

Five9, Inc. (NASDAQ:FIVN - Get Free Report) President Andy Dignan sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $27.00, for a total transaction of $18,900.00. Following the completion of the transaction, the president now directly owns 232,709 shares in the company, valued at approximately $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 the SEC website.

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 Stock Down 4.9 %

FIVN stock traded down $1.12 during mid-day trading on Tuesday, reaching $21.54. The company had a trading volume of 2,801,014 shares, compared to its average volume of 1,584,333. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of -107.69, a PEG ratio of 9.41 and a beta of 1.29. Five9, Inc. has a 52 week low of $21.18 and a 52 week high of $63.30. The stock has a 50 day simple moving average of $34.07 and a two-hundred day simple moving average of $35.57. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $267.70 million. As a group, equities analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

FIVN has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $65.00 price target on shares of Five9 in a research report on Wednesday, March 19th. Truist Financial reiterated a "buy" rating and issued a $65.00 target price on shares of Five9 in a report on Tuesday, December 17th. Needham & Company LLC reissued a "buy" rating and set a $52.00 price target on shares of Five9 in a research report on Friday. Rosenblatt Securities restated a "buy" rating and issued a $58.00 price objective on shares of Five9 in a research report on Friday. Finally, Barclays raised their price objective on Five9 from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $56.76.

Hedge Funds Weigh In On Five9

A number of institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC boosted its stake in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after acquiring an additional 520 shares during the period. Banque Transatlantique SA acquired a new stake in Five9 during the 4th quarter valued at $36,000. Johnson Financial Group Inc. bought a new position in Five9 during the fourth quarter worth $47,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Five9 by 7,305.6% in 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 last quarter. Finally, Venturi Wealth Management LLC lifted its position in Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after acquiring an additional 2,571 shares during the last quarter. Institutional investors and hedge funds 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.