Five9 Executives Sell Shares as Stock Hits 52-Week Low Amid Market Challenges

Five9 chief accounting officer sells over $42k in company stock By Investing.com

In a recent financial move, Leena Mansharamani, the Senior Vice President and Chief Accounting Officer of Five9, Inc. (NASDAQ:FIVN), has sold a portion of her company stock, totaling over $42,000. The transactions, which occurred on September 4, 2024, were executed at prices ranging from $30.26 to $30.57 per share. The sale consisted of two separate transactions. In the first, Mansharamani sold 1,113 shares at an average weighted price of $30.57, while in the second transaction, she sold 282 shares at an average weighted price of $30.26. These sales were reported to cover taxes upon the vesting of restricted stock units, as noted in the footnotes accompanying the Form 4 filing. Following these transactions, Mansharamani retains a total of 36,872 shares of Five9, Inc., indicating her continued investment in the company's future. It's also noted that the sales were conducted in accordance with a Rule 10b5-1 trading plan, which was adopted on September 13, 2023. This plan allows company insiders to set up a predetermined schedule to sell stocks at a time when they are not in possession of material non-public information, thereby avoiding potential accusations of insider trading. Five9, Inc., headquartered in San Ramon, California, operates within the computer processing and data preparation industry. The company's stock performance and insider transactions are closely watched by investors, as they can provide insights into the company's financial health and executive confidence. Investors and stakeholders of Five9, Inc. can request more detailed information about the exact prices at which the shares were sold within the reported range, as Mansharamani has undertaken to provide full information upon request. The transactions have been duly filed and the details are publicly accessible for those interested in the trading activities of Five9's executives. In other recent news, Five9 Inc . has maintained its Overweight rating with a steady price target of $47 by Piper Sandler, while Needham and BTIG reaffirmed their Buy rating with price targets of $48 and $45, respectively. These ratings come amidst Five9's strategic move to reduce its global workforce by approximately 7% by the end of 2024, a decision projected to cost between $12 million and $15 million. The company also reported an annual revenue run rate exceeding $1 billion in Q2, but revised its annual revenue guidance downward by 3.8% due to customer budget constraints. In an effort to expand its AI offerings, Five9 has announced the acquisition of Acqueon, a firm specializing in proactive outbound omnichannel customer engagement. These are among the recent developments for Five9, a company that continues to navigate a dynamic market environment while leveraging its strengths in AI and automation. Five9, Inc. (NASDAQ:FIVN) has been navigating through a challenging market environment, as reflected in the recent insider stock sale by Leena Mansharamani. While insider transactions are not always indicative of company performance, they can offer a glimpse into the sentiment within the company's leadership. To provide additional context to these transactions and the company's current financial standing, let's delve into some key data and insights from InvestingPro. InvestingPro Data shows a market capitalization of $2.14 billion for Five9, Inc., suggesting a significant presence in its sector. Despite this, the company's P/E Ratio stands at -40.35, highlighting that it has not been profitable over the last twelve months as of Q2 2024. The revenue growth remains positive, with a 14.18% increase in the last twelve months as of Q2 2024, indicating the company's ability to expand its sales in a competitive market. Two InvestingPro Tips that stand out for Five9, Inc. include the anticipation of net income growth this year and the positive revisions by 20 analysts for the company's upcoming earnings. These insights suggest a potential turnaround in profitability, which could be a signal for investors to watch closely. Additionally, it's noted that the stock is currently trading near its 52-week low and is in oversold territory according to the RSI, which may interest value-oriented investors looking for entry points. For investors seeking a deeper analysis, InvestingPro offers additional tips on Five9, Inc., including insights into the company's debt levels, liquidity, and long-term performance. There are currently 14 more InvestingPro Tips available, which can be accessed to inform investment decisions further. It's also worth mentioning that Five9, Inc. does not pay dividends to shareholders, which may influence the investment strategy of those seeking regular income streams from their stock holdings. The company's next earnings date is set for November 4, 2024, which will be an important event for investors to assess the company's progress towards profitability and growth. Overall, the InvestingPro Insights suggest a mixed picture for Five9, Inc., with challenges reflected in the recent insider sale but also potential for future growth as indicated by analyst optimism and projected net income growth.

Five9 COO sells over $128k in company stock By Investing.com

Five9, Inc. (NASDAQ:FIVN) Chief Operating Officer Andy Dignan has sold a portion of his company stock, according to a recent filing with the Securities and Exchange Commission. The transaction involved the sale of 4,245 shares at an average price of $30.26 per share, totaling approximately $128,453. The sale was conducted to cover taxes related to the vesting of restricted stock units, as stated in the footnotes of the filing. This is a common practice known as a "sell to cover" transaction, where employees sell a number of shares to pay for the tax obligations that arise when restricted stock units vest. The price reported is a weighted average, and the COO has agreed to provide detailed information about the sales upon request. Following the transaction, Dignan still holds a significant number of shares in the company, with 119,927 shares remaining in his possession. The sale was executed as part of Five9's established policy for handling tax obligations from equity compensation. Investors often monitor insider transactions as they can provide insights into an executive's view of the company's future performance. However, transactions like these, which are related to tax obligations, are generally seen as routine and not necessarily indicative of the executive's confidence in the company's prospects. Five9, Inc., headquartered in San Ramon, California, specializes in cloud contact center solutions. The company has been a key player in the industry, providing services that enable businesses to engage with their customers across various channels. In other recent news, Five9 Inc . has maintained its Overweight rating from Piper Sandler with a steady price target of $47. The firm remains positive about Five9's future prospects, particularly due to the industry's shift towards AI and automation technologies. Five9's financial outlook suggests that fiscal year 2024 guidance may have been set conservatively, accounting for potential risks and challenges. Five9 Inc. has also confirmed plans to reduce its global workforce by approximately 7% by the end of 2024, a strategic move projected to cost between $12 million and $15 million. This workforce reduction is seen as a step towards improving Five9's earnings before interest and taxes (EBIT) and free cash flow (FCF) for fiscal years 2025 and 2026. In financial highlights, Five9 reported an annual revenue run rate exceeding $1 billion in Q2, with a robust adjusted EBITDA margin of 17% contributing to a strong operating cash flow of $126 million. However, due to customer budget constraints, the company revised its annual revenue guidance downward by 3.8%. The company also announced the acquisition of Acqueon, a firm specializing in proactive outbound omnichannel customer engagement, to expand its AI offerings. This acquisition is expected to contribute to future revenue growth. Analyst firms, including Needham and BTIG, maintained their Buy ratings on Five9, emphasizing the company's strategic position in the digital shift in customer engagement practices. As Five9, Inc. (NASDAQ:FIVN) navigates through the market, current metrics from InvestingPro reveal a mixed financial landscape for the company. With a market capitalization of approximately $2.14 billion, Five9's valuation reflects investor sentiment towards its growth prospects and market position. Despite a challenging period, the company has shown resilience with a revenue growth of 14.18% over the last twelve months, as of Q2 2024, indicating a solid demand for its cloud contact center solutions. An InvestingPro Tip highlights that 20 analysts have revised their earnings upwards for the upcoming period, suggesting a positive outlook on Five9's financial performance. Moreover, the company's liquid assets exceed its short-term obligations, providing it with a cushion to navigate short-term financial challenges. This is particularly relevant as the company's stock has taken a significant hit over the past week and is currently trading near its 52-week low, which could present a buying opportunity for investors who are confident in the company's ability to rebound. For those looking for more in-depth analysis, there are additional InvestingPro Tips available on the platform that could provide further guidance on Five9's stock performance and future potential. Investors interested in exploring these insights can find them at https://www.investing.com/pro/FIVN. Key financial metrics from InvestingPro Data also shed light on the company's current financial health. The P/E Ratio stands at -40.35, reflecting the market's expectations of future earnings growth, despite the company not being profitable over the last twelve months. The Price/Book ratio, as of Q2 2024, is 4.07, which could be of interest to investors looking for value plays in the technology sector. Overall, these InvestingPro Insights can help investors make more informed decisions regarding their investment in Five9, especially in the context of recent insider transactions and the company's broader financial performance.

Five9 EVP sells over $228k in company stock By Investing.com

In a recent transaction, Panos Kozanian, the Executive Vice President of Product Engineering at Five9, Inc. (NASDAQ:FIVN), sold a significant amount of company stock. The sales, which occurred on September 4, 2024, amounted to a total value of over $228,695. The transactions involved two separate sales of Five9 common stock. In the first sale, Kozanian sold 3,987 shares at an average price of $29.91. The shares were sold in multiple transactions with prices ranging from $29.66 to $30.18. The second sale consisted of 3,630 shares at an average price of $30.15, with individual sales prices ranging from $30.18 to $30.66. These sales were carried out under a Rule 10b5-1 trading plan, which Kozanian had adopted on March 13, 2024. Following the transactions, Kozanian still holds a substantial number of shares in the company, with a reported 76,628 shares remaining in his possession after the sales. The sales were partly conducted to cover taxes related to the vesting of restricted stock units, as indicated in the footnotes of the SEC filing. Investors often monitor insider sales as they may provide insights into an executive's perspective on the company's current valuation or future prospects. Five9, Inc., headquartered in San Ramon, California, is a leading provider of cloud contact center software and has been a notable player in the technology sector, particularly in computer processing and data preparation services. The details of the transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission, which records the trades made by the company's insiders. In other recent news, Five9, Inc. has maintained its Overweight rating with a $47 price target by Piper Sandler and a Buy rating by Needham and BTIG. Piper Sandler highlighted the ongoing shift towards AI and automation technologies in the contact center sector, with Five9's fiscal year 2024 guidance possibly set with conservative estimates. The company also announced a Reduction in Force (RiF) strategy, aiming to improve earnings before interest and taxes (EBIT) and free cash flow for fiscal years 2025 and 2026. Needham, on the other hand, maintained its Buy rating on Five9's stock with a price target of $48.00, despite the company's plan to reduce its global workforce by approximately 7% by the end of 2024. The firm adjusted its estimated GAAP EPS for the third quarter to a loss of $0.21 per share, and the full-year GAAP EPS estimate to a loss of $0.45 per share. In financial highlights, Five9 reported an annual revenue run rate exceeding $1 billion in Q2, with a robust adjusted EBITDA margin of 17% contributing to a strong operating cash flow of $126 million. However, due to customer budget constraints, the company revised its annual revenue guidance downward by 3.8%. Five9 also announced the acquisition of Acqueon, a firm specializing in proactive outbound omnichannel customer engagement, to expand its AI offerings. BTIG maintained a Buy rating on Five9, emphasizing the company's strategic position in the digital shift in customer engagement practices. The company is focusing on managing expenses and improving profitability in the second half of the year, with initiatives like FedRAMP and expansion into India anticipated to improve gross margins. As the news of Panos Kozanian's stock sales at Five9, Inc. (NASDAQ:FIVN) circulates, investors are keen to understand the company's current financial health and future outlook. In light of this, InvestingPro provides some valuable metrics and insights that could help in assessing the company's position. According to recent data from InvestingPro, Five9's market capitalization stands at approximately $2.14 billion. Despite facing challenges in profitability over the last twelve months, as indicated by a negative P/E ratio of -40.35, analysts have a positive outlook. An InvestingPro Tip highlights that net income is expected to grow this year, which may signal a potential turnaround for the company's earnings. Additionally, 20 analysts have revised their earnings upwards for the upcoming period, suggesting confidence in Five9's financial trajectory. From a stock performance perspective, Five9 has been through a rough patch, with the price having fallen significantly over the last year. The stock is currently trading near its 52-week low, which represents only about 30.96% of its 52-week high. Yet, another InvestingPro Tip suggests that the stock is in oversold territory according to the Relative Strength Index (RSI), which could imply that the stock may be undervalued and potentially poised for a rebound. Investors looking for more detailed analysis and additional InvestingPro Tips can find them by visiting InvestingPro's product page for Five9, which includes a comprehensive set of 14 additional tips to help in making informed investment decisions. With the next earnings date set for November 4, 2024, stakeholders will be watching closely to see if the company's strategic initiatives and market position align with the optimistic revisions from analysts. The fair value estimates from analysts average at $55, while InvestingPro's fair value assessment stands at $45.04, offering a benchmark for evaluating the stock's potential upside.

Five9 stock hits 52-week low at $28.74 amid market challenges By Investing.com

In a turbulent market environment, Five9 (NASDAQ:FIVN) Inc's stock has touched a 52-week low, reaching a price level of $28.74. This significant downturn reflects a broader trend for the cloud software company, which has seen its shares plummet by -58.79% over the past year. Investors are closely monitoring Five9's performance as it navigates through a period of heightened volatility and shifting industry dynamics, which have contributed to the stock's current valuation at this low point. The company's efforts to rebound from this position will be under scrutiny in the coming quarters as market participants look for signs of a strategic turnaround or further indications of market pressures. In other recent news, Five9 Inc . has achieved an annual revenue run rate exceeding $1 billion in Q2, a significant milestone despite lowering its annual revenue guidance by 3.8% due to customer budget constraints. The company's adjusted EBITDA margin rose to 17% of revenue, contributing to a strong operating cash flow of $126 million. The company also confirmed plans to reduce its global workforce by approximately 7% by the end of 2024, a strategic move projected to cost between $12 million and $15 million. Five9's recent acquisition of Acqueon, a firm specializing in proactive outbound omnichannel customer engagement, aims to expand its AI offerings and bolster its growth. This move is in line with the company's focus on managing expenses and improving profitability, with initiatives like FedRAMP and expansion into India anticipated to improve gross margins. In their analysis, Piper Sandler maintained an Overweight rating for Five9, with a steady price target of $47.00, while Needham and BTIG both maintained a Buy rating with price targets of $48.00 and $45.00 respectively. These ratings reflect the firms' confidence in Five9's strategic positioning and potential for growth, despite the current challenges and workforce reduction. Amid the current market conditions, Five9 Inc's recent performance can be put into perspective with select data from InvestingPro. The company's market capitalization stands at roughly $2.15 billion, indicating the size and scale of the business amidst its challenges. Despite the stock's decline, analysts are showing a hint of optimism, with 20 analysts having revised their earnings estimates upwards for the upcoming period. This could signal a potential turnaround in sentiment or underlying business performance. Importantly, Five9's liquid assets are reported to surpass short-term obligations, suggesting that the company maintains a degree of financial flexibility to navigate its current difficulties. Furthermore, while the stock is trading near its 52-week low, it's worth noting that the relative strength index (RSI) suggests the stock is in oversold territory, which can sometimes precede a rebound in share price. Investors looking for comprehensive analysis and additional InvestingPro Tips on Five9 can find more insights, including 14 other tips, at https://www.investing.com/pro/FIVN. In terms of financial health, the company operates with a moderate level of debt and is expected to become profitable this year, according to analysts' predictions. These elements may offer some solace to investors considering the stock's substantial price fall over the last year. For those seeking a deeper dive into Five9's valuation and future prospects, the InvestingPro platform provides a fair value estimate of $45.04, which is considerably higher than the current trading price, suggesting potential undervaluation.