Five9 (NASDAQ:FIVN) Stock Price Down 10.5% Following Insider Selling

Five9, Inc. (NASDAQ:FIVN) shares traded down 10.5% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $21.03 and last traded at $20.7120. 1,243,322 shares changed hands during trading, a decline of 56% from the average session volume of 2,843,412 shares. The stock had previously closed at $23.15.

Specifically, President Andy Dignan sold 3,073 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $24.25, for a total value of $74,520.25. Following the completion of the sale, the president owned 275,687 shares in the company, valued at $6,685,409.75. This trade represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Andy Dignan sold 8,203 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $24.76, for a total value of $203,106.28. Following the completion of the transaction, the president owned 278,760 shares of the company’s stock, valued at $6,902,097.60. The trade was a 2.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In other news, CFO Bryan M. Lee sold 1,511 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $24.25, for a total transaction of $36,641.75. Following the sale, the chief financial officer owned 309,951 shares of the company’s stock, valued at $7,516,311.75. The trade was a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FIVN shares. Wall Street Zen raised Five9 from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Rosenblatt Securities increased their target price on Five9 from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. UBS Group upped their price objective on Five9 from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Wells Fargo & Company cut their target price on shares of Five9 from $22.00 to $20.00 and set an “equal weight” rating for the company in a research note on Friday, February 20th. Finally, Canaccord Genuity Group lowered their target price on shares of Five9 from $40.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.93.

Key Five9 News

Here are the key news stories impacting Five9 this week:

• Positive Sentiment: Five9 was named to the 2026 Fortune Best Workplaces in the Bay Area, a small positive for brand strength and employee appeal. Fortune Media and Great Place To Work Name Five9 to 2026 Fortune Best Workplaces in the Bay Area™
• Neutral Sentiment: Five9 continues to point to AI-driven growth as part of its investment case, and a recent valuation-focused article highlighted the stock’s pullback as investors reassess the company’s long-term narrative. Assessing Five9 (FIVN) Valuation After Recent Share Price Pullback And AI Growth Narrative
• Negative Sentiment: Multiple Five9 insiders, including CFO Bryan M. Lee, President Andy Dignan, CAO Leena Mansharamani, CRO Matthew E. Tuckness, EVP Panos Kozanian, and insider Tiffany N. Meriweather, sold shares in pre-arranged 10b5-1 transactions. The company said the sales were mainly for tax withholding tied to equity vesting, but the concentration of selling can still hurt sentiment. Bryan Lee Sells 1,511 Shares of Five9 (NASDAQ:FIVN) Stock

Five9 Stock Performance

The stock’s 50 day simple moving average is $19.09 and its two-hundred day simple moving average is $18.66. The company has a market cap of $1.59 billion, a PE ratio of 31.45, a P/E/G ratio of 1.04 and a beta of 1.45. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.89.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, April 30th. The software maker reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $305.32 million during the quarter, compared to the consensus estimate of $299.92 million. Five9 had a return on equity of 12.66% and a net margin of 4.87%.The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 earnings per share. Five9 has set its FY 2026 guidance at 3.220-3.300 EPS and its Q2 2026 guidance at 0.650-0.690 EPS. As a group, research analysts anticipate that Five9, Inc. will post 1.39 earnings per share for the current year.

Institutional Trading of Five9

Institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System increased its position in shares of Five9 by 0.8% in the second quarter. California State Teachers Retirement System now owns 69,189 shares of the software maker’s stock worth $1,832,000 after acquiring an additional 549 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in Five9 by 7.3% in the fourth quarter. Citizens Financial Group Inc. RI now owns 11,358 shares of the software maker’s stock valued at $228,000 after purchasing an additional 776 shares during the period. Franklin Resources Inc. boosted its position in shares of Five9 by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 56,303 shares of the software maker’s stock worth $1,129,000 after buying an additional 807 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Five9 by 378.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker’s stock valued at $26,000 after buying an additional 1,367 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Five9 during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

About Five9

Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.

Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.