Insider Selling: Five9, Inc. (NASDAQ:FIVN) COO Sells 2,840 Shares of Stock

Five9, Inc. (NASDAQ:FIVN) COO Andy Dignan sold 2,840 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $94,373.20. Following the transaction, the chief operating officer now directly owns 194,201 shares of the company’s stock, valued at approximately $6,453,299.23. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Five9 Price Performance

FIVN opened at $32.89 on Friday. The stock has a fifty day moving average price of $39.49 and a 200 day moving average price of $35.97. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $63.79. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of -164.44, a PEG ratio of 9.41 and a beta of 0.93.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The firm had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FIVN. Lindbrook Capital LLC boosted its holdings in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after purchasing an additional 520 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Five9 in the fourth quarter worth about $36,000. Johnson Financial Group Inc. bought a new stake in shares of Five9 during the 4th quarter worth about $47,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after acquiring an additional 1,315 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Five9 by 3,955.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after acquiring an additional 2,571 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FIVN. DA Davidson upped their price objective on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Robert W. Baird upped their price target on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. William Blair reaffirmed an “outperform” rating on shares of Five9 in a research note on Friday, February 21st. Cantor Fitzgerald boosted their target price on shares of Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Barclays raised their target price on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Five9 has a consensus rating of “Moderate Buy” and an average target price of $57.65.

Five9 Company Profile

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.