Five9, Inc. (NASDAQ:FIVN - Get Free Report) President Andy Dignan sold 700 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $21,140.00. Following the completion of the transaction, the president now directly owns 193,501 shares in the company, valued at $5,843,730.20. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Trading Up 2.1 %
Shares of NASDAQ:FIVN traded up $0.62 during midday trading on Monday, reaching $30.10. The company had a trading volume of 459,786 shares, compared to its average volume of 1,648,477. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9, Inc. has a 1-year low of $26.60 and a 1-year high of $63.79. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -150.42, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. The company has a fifty day simple moving average of $38.19 and a two-hundred day simple moving average of $35.84.
Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share 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 during the quarter, compared to analyst estimates of $267.70 million. Research analysts predict that Five9, Inc. will post 0.28 earnings per share for the current year.
Institutional Investors Weigh In On Five9
Hedge funds have recently bought and sold shares of the business. Lindbrook Capital LLC lifted its stake in Five9 by 155.7% in 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 in the last quarter. Banque Transatlantique SA purchased a new stake in Five9 in the 4th quarter worth about $36,000. Johnson Financial Group Inc. purchased a new stake in Five9 in the 4th quarter worth about $47,000. Steward Partners Investment Advisory LLC lifted its stake in Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Five9 by 3,955.4% in the 4th 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 in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts recently weighed in on FIVN shares. William Blair restated an "outperform" rating on shares of Five9 in a research note on Thursday. Morgan Stanley increased their price objective 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 reaffirmed a "buy" rating and set a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Cantor Fitzgerald increased their price target on Five9 from $46.00 to $57.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $52.00 price target on shares of Five9 in a report on Monday. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $56.25.
Check Out Our Latest Research Report on FIVN
About Five9
(
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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.
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