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SAN RAMON, CA—Andy Dignan, President of Five9, Inc. (NASDAQ:FIVN), a cloud software company with a market capitalization of $2.1 billion and 14% year-over-year revenue growth, has sold 700 shares of the company’s common stock, according to a recent SEC filing. The shares were sold at a price of $30.20 each, amounting to a total transaction value of $21,140. This transaction was executed under a Rule 10b5-1 trading plan, which Dignan adopted on December 10, 2024. Following this sale, Dignan retains ownership of 193,501 shares in the company. According to InvestingPro analysis, Five9’s stock is currently trading significantly below its Fair Value, with 8 analysts recently revising their earnings estimates upward. Additional insights and detailed analysis are available in the comprehensive Pro Research Report, which covers over 1,400 US stocks.
In other recent news, Five9, Inc. reported its fourth-quarter 2024 earnings, exceeding analyst expectations with an earnings per share (EPS) of $0.79 compared to a forecast of $0.70. The company’s revenue reached $278.7 million, surpassing the expected $267.67 million, marking a 17% year-over-year growth. Five9’s focus on artificial intelligence (AI) has been significant, with AI revenue growing 46% year-over-year and now constituting 9% of enterprise subscription revenue. Analysts from Rosenblatt Securities and Cantor Fitzgerald have responded positively to these results, raising their price targets for Five9 to $58 and $57, respectively, while maintaining favorable ratings.
Additionally, Needham analysts maintained a Buy rating and a $52 price target, expressing confidence in the company’s AI-driven growth potential. In corporate developments, Five9 announced the retirement of CFO Barry Zwarenstein, with Bryan Lee stepping in as interim CFO. Five9 also appointed Andy Dignan as the new President, reflecting a strategic focus on leadership. These recent developments indicate Five9’s robust financial performance and strategic positioning in the AI and cloud contact center market.
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