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Five9, Inc. (NASDAQ:FIVN) President Andy Dignan recently sold 700 shares of the company’s common stock. The shares were sold at a price of $27 each, totaling $18,900. The transaction comes as Five9’s stock trades near its 52-week low of $26.34, having declined over 32% year-to-date. According to InvestingPro analysis, the stock appears undervalued at current levels. Following this transaction, Dignan holds 232,709 shares of Five9. The sale was made under a pre-established Rule 10b5-1 trading plan, which Dignan adopted on December 10, 2024. Despite recent price weakness, InvestingPro data shows analysts remain optimistic, with 8 analysts recently revising earnings estimates upward. Discover more insights and 13 additional ProTips for Five9 with an InvestingPro subscription.
In other recent news, Five9, Inc. reported significant developments that investors may find noteworthy. The company posted strong fourth-quarter results, with a notable 16.6% year-over-year revenue growth, driven by its performance in healthcare and consumer sectors. This positive outcome led Rosenblatt Securities to raise its price target for Five9 to $58, maintaining a Buy rating, while Cantor Fitzgerald increased its target to $57, citing Five9’s AI-driven momentum. Both analyst firms highlighted the company’s strategic focus on artificial intelligence as a key growth driver, with AI adoption now accounting for 9% of enterprise subscription revenue.
Additionally, Needham reaffirmed its Buy rating with a $52 price target, expressing confidence in Five9’s fiscal year 2025 business trajectory. In terms of corporate governance, Five9 announced a board reorganization, with Jonathan Mariner reappointed as a Class II director. The company also made a significant executive appointment, promoting Andy Dignan to President, further emphasizing its commitment to leadership and growth. These recent developments underscore Five9’s strategic initiatives and potential for continued success in the competitive cloud contact center space.
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