Andy Dignan Sells 700 Shares of Five9 (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 700 shares of Five9 stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $20.53, for a total value of $14,371.00. Following the completion of the transaction, the president owned 207,813 shares of the company’s stock, valued at approximately $4,266,400.89. The trade was a 0.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, December 4th, Andy Dignan sold 7,512 shares of Five9 stock. The shares were sold at an average price of $20.28, for a total value of $152,343.36.
• 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 transaction of $16,779.00.

Five9 Trading Down 0.4%

Five9 stock opened at $20.65 on Friday. Five9, Inc. has a 1 year low of $17.71 and a 1 year high of $49.90. The firm’s 50-day moving average is $21.53 and its 200-day moving average is $24.94. 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 company has a market cap of $1.62 billion, a P/E ratio of 57.36, a PEG ratio of 1.28 and a beta of 1.35.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. Five9 had a net margin of 2.77% and a return on equity of 10.59%. The firm had revenue of $283.27 million for the quarter. On average, equities analysts expect that Five9, Inc. will post 0.28 earnings per share for the current year.

Five9 announced that its Board of Directors has authorized a share repurchase program on Tuesday, November 11th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the software maker to purchase up to 3.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FIVN shares. Zacks Research downgraded Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Wells Fargo & Company dropped their target price on Five9 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Barclays reduced their price target on shares of Five9 from $33.00 to $29.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Five9 in a research report on Monday, December 1st. Finally, Cantor Fitzgerald cut their price objective 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. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.19.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Mackenzie Financial Corp acquired a new stake in Five9 in the first quarter worth about $646,000. PNC Financial Services Group Inc. raised its position in shares of Five9 by 74.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,701 shares of the software maker’s stock worth $182,000 after buying an additional 2,865 shares in the last quarter. Gagnon Securities LLC lifted its stake in shares of Five9 by 3.5% in the 1st quarter. Gagnon Securities LLC now owns 379,059 shares of the software maker’s stock worth $10,291,000 after acquiring an additional 12,963 shares during the period. Herald Investment Management Ltd lifted its stake in shares of Five9 by 27.6% in the 1st quarter. Herald Investment Management Ltd now owns 210,600 shares of the software maker’s stock worth $5,714,000 after acquiring an additional 45,600 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Five9 by 16.1% in the first quarter. Invesco Ltd. now owns 92,284 shares of the software maker’s stock valued at $2,506,000 after acquiring an additional 12,768 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

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.