Five9, Inc. (NASDAQ:FIVN – Get Free Report) President Andy Dignan sold 17,767 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $35.03, for a total transaction of $622,378.01. Following the completion of the sale, the president owned 257,920 shares in the company, valued at $9,034,937.60. This represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andy Dignan also recently made the following trade(s):
- On Friday, June 5th, Andy Dignan sold 3,073 shares of Five9 stock. The stock was sold at an average price of $24.25, for a total transaction of $74,520.25.
- On Thursday, June 4th, Andy Dignan sold 8,203 shares of Five9 stock. The stock was sold at an average price of $24.76, for a total value of $203,106.28.
Five9 Price Performance
FIVN stock opened at $34.03 on Wednesday. The stock’s 50 day moving average price is $27.79 and its 200 day moving average price is $21.75. The firm has a market cap of $2.61 billion, a P/E ratio of 49.32 and a beta of 1.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 4.15 and a current ratio of 4.15. Five9, Inc. has a 1 year low of $13.29 and a 1 year high of $35.17.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on FIVN shares. Weiss Ratings upgraded shares of Five9 from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Zacks Research upgraded shares of Five9 from a “hold” rating to a “strong-buy” rating in a report on Friday, August 28th. Barclays boosted their price objective on shares of Five9 from $25.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. DA Davidson upped their price objective on shares of Five9 from $22.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, Cantor Fitzgerald raised their target price on shares of Five9 from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and an average price target of $33.14.
Read Our Latest Research Report on Five9
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of Five9 in the third quarter worth approximately $33,000. Advisory Services Network LLC acquired a new position in Five9 during the third quarter worth approximately $38,000. EverSource Wealth Advisors LLC increased its position in Five9 by 378.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker’s stock worth $26,000 after purchasing an additional 1,367 shares during the last quarter. Rothschild Investment LLC raised its stake in Five9 by 3,572.0% during the fourth quarter. Rothschild Investment LLC now owns 1,836 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,786 shares during the period. Finally, Nykredit A S purchased a new position in Five9 during the second quarter worth approximately $39,000. Institutional investors and hedge funds own 96.64% of the company’s stock.
Five9 Company Profile
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.
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