Five9, Inc. (NASDAQ:FIVN – Get Free Report) President Andy Dignan sold 10,574 shares of Five9 stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $33.35, for a total transaction of $352,642.90. Following the transaction, the president owned 247,346 shares of the company’s stock, valued at approximately $8,248,989.10. The trade was a 4.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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.
Andy Dignan also recently made the following trade(s):
- On Tuesday, September 8th, Andy Dignan sold 2,746 shares of Five9 stock. The shares were sold at an average price of $31.57, for a total transaction of $86,691.22.
- On Friday, August 28th, Andy Dignan sold 17,767 shares of Five9 stock. The shares were sold at an average price of $35.03, for a total transaction of $622,378.01.
Five9 Trading Up 1.4%
Shares of FIVN opened at $30.66 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 4.15 and a quick ratio of 4.15. Five9, Inc. has a 1-year low of $13.29 and a 1-year high of $35.18. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 44.44 and a beta of 1.48. The firm has a 50 day simple moving average of $29.47 and a 200-day simple moving average of $22.56.
Hedge Funds Weigh In On Five9
Institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its stake in Five9 by 14.5% in the 2nd quarter. NewEdge Advisors LLC now owns 2,894 shares of the software maker’s stock worth $62,000 after buying an additional 366 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Five9 by 0.8% during the 2nd 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 during the period. Franklin Resources Inc. lifted its holdings in shares of Five9 by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 56,303 shares of the software maker’s stock worth $1,129,000 after acquiring an additional 807 shares during the period. EverSource Wealth Advisors LLC boosted its position 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 worth $26,000 after acquiring an additional 1,367 shares during the last quarter. Finally, Quarry LP purchased a new stake in Five9 in the third quarter valued at approximately $33,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on FIVN shares. UBS Group reaffirmed a “positive” rating on shares of Five9 in a research note on Monday, August 31st. Rosenblatt Securities upped their target price on shares of Five9 from $29.00 to $32.00 and gave the company a “buy” rating in a report on Friday, August 7th. DA Davidson lifted their price target on shares of Five9 from $22.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Canaccord Genuity Group boosted their price objective on shares of Five9 from $33.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Finally, Weiss Ratings raised shares of Five9 from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Five9 currently has a consensus rating of “Moderate Buy” and an average target price of $33.14.
View Our Latest Research Report on FIVN
About Five9
Five9, Inc provides cloud-based contact center software and customer experience solutions. Its platform is designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels from a centralized, cloud-based environment.
The company’s offerings include inbound and outbound contact center capabilities, digital engagement tools, interactive voice response, workforce engagement management, analytics, workflow automation and artificial intelligence features.
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