Five9 president Andy Dignan sells $622k in company stock

Five9's President, Andy Dignan, recently divested 17,767 shares of the company's stock for a total of $622,378. The transactions on August 28, 2026, took place at prices between $35.00 and $35.16 per share, with an average cost of $35.03. This sale occurred as Five9's shares hovered close to their 52-week peak of $35.17, following a 95% increase over the last six months.

According to InvestingPro, Five9's shares appear undervalued, with an estimated fair value of $46.15, indicating potential upside despite recent price gains. The company's financial health is rated a 3.2. The sales were made under a pre-established Rule 10b5-1 trading plan adopted by Dignan on September 2, 2025. Post-transactions, Dignan still holds 257,920 shares of Five9 common stock.

Investors can delve into Five9's valuation and performance metrics in InvestingPro's detailed Pro Research Report. Notably, Five9 reported Q2 2026 earnings that beat market expectations, with adjusted earnings per share at $0.70, surpassing the expected $0.68, and revenue of $312.4 million, exceeding the projected $306.43 million.

The company's revenue for the quarter grew by 10% year-over-year, and subscription revenue increased by 14% compared to the prior year. Artificial intelligence revenue surged 78% year-over-year to around $39 million. Following these results, Rosenblatt raised its price target to $32 from $29, maintaining a Buy rating, while Truist Securities increased its target to $40 from $35, keeping a Buy rating, citing discussions with the company's senior leadership.

DA Davidson raised its target to $28 from $22, maintaining a Neutral rating, highlighting AI revenue growth as a positive factor. These updates underscore Five9's continued emphasis on artificial intelligence and its influence on revenue growth. This report was AI-generated and reviewed by an editor.