diff --git a/package.json b/package.json
index 1bd4d669..3d65ec34 100644
--- a/package.json
+++ b/package.json
@@ -9,7 +9,7 @@
     "type": "git",
     "url": "https://github.com/etsy/statsd.git"
   },
-  "version": "0.4.0",
+  "version": "0.5.0",
   "dependencies": {
   },
   "devDependencies": {