Five9 (NASDAQ:FIVN) President Andy Dignan Sells 7,512 Shares

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 7,512 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $20.28, for a total value of $152,343.36. Following the completion of the transaction, the president owned 208,513 shares in the company, valued at approximately $4,228,643.64. The trade was a 3.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Friday, December 5th, Andy Dignan sold 700 shares of Five9 stock. The stock was sold at an average price of $20.53, for a total transaction of $14,371.00.
• On Monday, November 3rd, Andy Dignan sold 700 shares of Five9 stock. The shares were sold at an average price of $24.35, for a total transaction of $17,045.00.
• On Wednesday, October 1st, Andy Dignan sold 700 shares of Five9 stock. The stock was sold at an average price of $23.97, for a total value of $16,779.00.

Five9 Stock Down 0.4%

Shares of Five9 stock traded down $0.09 on Friday, hitting $20.65. The company had a trading volume of 1,991,535 shares, compared to its average volume of 1,962,961. Five9, Inc. has a 1 year low of $17.71 and a 1 year high of $49.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.61 and a current ratio of 4.61. The stock has a 50 day moving average of $21.62 and a 200-day moving average of $25.00. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 57.36, a P/E/G ratio of 1.27 and a beta of 1.35.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share (EPS) for the quarter. The business had revenue of $283.27 million during the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%. As a group, sell-side analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

Five9 announced that its Board of Directors has approved a stock buyback plan on Tuesday, November 11th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the software maker to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Five9

Institutional investors and hedge funds have recently bought and sold shares of the company. Voss Capital LP raised its position in shares of Five9 by 40.0% in the third quarter. Voss Capital LP now owns 4,550,000 shares of the software maker’s stock worth $110,110,000 after buying an additional 1,300,000 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Five9 by 14.8% in the first quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker’s stock valued at $74,649,000 after acquiring an additional 353,939 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Five9 by 292.4% during 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 worth $72,745,000 after purchasing an additional 1,996,628 shares during the last quarter. Armistice Capital LLC increased its position in shares of Five9 by 6.5% during the 1st quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker’s stock valued at $56,961,000 after purchasing an additional 127,793 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Five9 by 36.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,863,081 shares of the software maker’s stock worth $49,341,000 after buying an additional 497,344 shares during the last quarter. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on FIVN. Cantor Fitzgerald dropped their price target on shares of Five9 from $36.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Zacks Research cut shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Piper Sandler reduced their target price on Five9 from $31.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, November 7th. DA Davidson reaffirmed a “neutral” rating and set a $28.00 target price on shares of Five9 in a research report on Friday, September 12th. Finally, Morgan Stanley set a $30.00 price objective on shares of Five9 in a report on Tuesday, October 21st. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and an average price target of $35.19.

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.