Proficio Capital Partners LLC Invests $1 Million in Five9, Inc. (NASDAQ:FIVN)

Proficio Capital Partners LLC acquired a new position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 24,709 shares of the software maker's stock, valued at approximately $1,004,000.

Several other large investors have also made changes to their positions in FIVN. Steward Partners Investment Advisory LLC increased its stake in Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after acquiring an additional 1,315 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Five9 by 3,955.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after purchasing an additional 2,571 shares during the period. FNY Investment Advisers LLC increased its position in Five9 by 324.8% during the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker's stock worth $132,000 after purchasing an additional 2,485 shares in the last quarter. Quest Partners LLC acquired a new stake in Five9 during the 3rd quarter worth approximately $95,000. Finally, KBC Group NV raised its holdings in Five9 by 49.2% in the fourth quarter. KBC Group NV now owns 3,373 shares of the software maker's stock valued at $137,000 after buying an additional 1,113 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Stock Performance

Shares of FIVN stock traded down $0.15 on Tuesday, hitting $30.72. 1,551,955 shares of the stock traded hands, compared to its average volume of 1,529,609. The company has a market capitalization of $2.33 billion, a PE ratio of -153.59, a PEG ratio of 9.41 and a beta of 1.01. The company's fifty day moving average is $37.14 and its 200 day moving average is $35.79. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9, Inc. has a 1-year low of $26.60 and a 1-year high of $63.79.

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Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. On average, equities research analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $58.00 price objective on shares of Five9 in a research report on Thursday, March 20th. Barclays increased their target price on Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Morgan Stanley upped their price target on Five9 from $40.00 to $46.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. Cantor Fitzgerald increased their price objective on shares of Five9 from $46.00 to $57.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, William Blair reissued an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Five9 presently has an average rating of "Moderate Buy" and a consensus price target of $56.76.

Insider Buying and Selling

In related news, CFO Barry Zwarenstein sold 2,468 shares of Five9 stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $82,011.64. Following the sale, the chief financial officer now directly owns 92,583 shares in the company, valued at $3,076,533.09. The trade was a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Andy Dignan sold 2,840 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $94,373.20. Following the completion of the transaction, the chief operating officer now owns 194,201 shares of the company's stock, valued at $6,453,299.23. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,874 shares of company stock valued at $985,446. Insiders own 1.80% of the company's stock.

Five9 Company Profile

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.