Cooper Creek Partners Management LLC Invests $14.78 Million in Five9, Inc. (NASDAQ:FIVN)

Cooper Creek Partners Management LLC acquired a new position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 363,725 shares of the software maker's stock, valued at approximately $14,782,000. Cooper Creek Partners Management LLC owned approximately 0.48% of Five9 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FIVN. Lindbrook Capital LLC raised its holdings in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after buying an additional 520 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of 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 purchasing an additional 1,315 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock valued at $107,000 after purchasing an additional 2,571 shares during the period. Conquis Financial LLC acquired a new stake in Five9 during the 4th quarter valued at $122,000. Finally, FNY Investment Advisers LLC increased its stake 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 buying an additional 2,485 shares during the period. Hedge funds and other institutional investors own 96.64% of the company's stock.

Five9 Price Performance

Shares of FIVN stock traded down $0.30 during midday trading on Friday, reaching $22.32. 1,096,790 shares of the company were exchanged, compared to its average volume of 1,601,512. The company's 50 day moving average price is $31.20 and its two-hundred day moving average price is $35.22. The company has a market cap of $1.69 billion, a P/E ratio of -111.59, a PEG ratio of 9.41 and a beta of 1.29. Five9, Inc. has a 12 month low of $21.04 and a 12 month high of $60.81. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

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

Insider Buying and Selling

In other news, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the transaction, the chief executive officer now owns 404,056 shares of the company's stock, valued at $14,396,515.28. The trade was a 3.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $34,277.00. Following the sale, the chief accounting officer now directly owns 47,165 shares of the company's stock, valued at approximately $1,424,383. This represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,574 shares of company stock valued at $1,004,346 over the last three months. Company insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Piper Sandler raised their target price on Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Mizuho reduced their target price on Five9 from $55.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday. Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a research note on Wednesday, April 2nd. Rosenblatt Securities reiterated a "buy" rating and set a $58.00 price objective on shares of Five9 in a research note on Friday, April 4th. Finally, Morgan Stanley dropped their target price on shares of Five9 from $48.00 to $28.00 and set an "equal weight" rating for the company in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $54.94.

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.