Wealthfront Advisers LLC Makes New $558,000 Investment in Five9, Inc. (NASDAQ:FIVN)

Wealthfront Advisers LLC acquired a new stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 13,739 shares of the software maker's stock, valued at approximately $558,000.

Several other institutional investors have also recently modified their holdings of FIVN. Potrero Capital Research LLC bought a new position in shares of Five9 during the 3rd quarter valued at about $15,610,000. Loomis Sayles & Co. L P bought a new position in Five9 during the 3rd quarter worth approximately $11,211,000. Scalar Gauge Management LLC grew its position in Five9 by 191.7% during the 3rd quarter. Scalar Gauge Management LLC now owns 462,291 shares of the software maker's stock worth $13,282,000 after acquiring an additional 303,791 shares during the last quarter. Raymond James Financial Inc. bought a new position in Five9 during the 4th quarter worth approximately $11,671,000. Finally, FMR LLC grew its position in Five9 by 2.4% during the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker's stock worth $320,620,000 after acquiring an additional 259,820 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FIVN shares. Truist Financial restated a "buy" rating and set a $65.00 price target on shares of Five9 in a research report on Tuesday, December 17th. Needham & Company LLC restated a "buy" rating and set a $52.00 price target on shares of Five9 in a research report on Monday. Cantor Fitzgerald raised their price target on Five9 from $46.00 to $57.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Piper Sandler raised their price target on Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Royal Bank of Canada restated an "outperform" rating and set a $65.00 price target on shares of Five9 in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $56.76.

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Insider Buying and Selling at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,517 shares of Five9 stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $50,409.91. Following the completion of the transaction, the chief accounting officer now owns 48,300 shares in the company, valued at approximately $1,605,009. The trade was a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andy Dignan sold 2,840 shares of Five9 stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $94,373.20. Following the transaction, the chief operating officer now owns 194,201 shares of the company's stock, valued at $6,453,299.23. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,874 shares of company stock worth $985,446. 1.80% of the stock is owned by insiders.

Five9 Stock Down 1.9 %

Shares of FIVN traded down $0.58 on Thursday, reaching $29.63. The stock had a trading volume of 1,083,676 shares, compared to its average volume of 1,525,795. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of -148.14, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The company has a 50-day simple moving average of $37.61 and a 200-day simple moving average of $35.77. Five9, Inc. has a 12-month low of $26.60 and a 12-month high of $63.79.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.44). The firm had revenue of $278.66 million during the quarter, compared to analysts' expectations of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. Sell-side analysts predict that Five9, Inc. will post 0.28 EPS for the current year.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.