Amundi Trims Holdings in Five9, Inc. (NASDAQ:FIVN)

Amundi trimmed its position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 89.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,212 shares of the software maker's stock after selling 308,787 shares during the period. Amundi's holdings in Five9 were worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. FMR LLC increased its position in shares of Five9 by 2.4% during the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker's stock valued at $320,620,000 after purchasing an additional 259,820 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Five9 by 14.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker's stock valued at $47,919,000 after purchasing an additional 210,836 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Five9 by 14.9% during the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker's stock valued at $21,891,000 after purchasing an additional 98,543 shares during the last quarter. Potrero Capital Research LLC bought a new position in shares of Five9 during the 3rd quarter valued at approximately $15,610,000. Finally, WCM Investment Management LLC increased its position in shares of Five9 by 35.9% during the 4th quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker's stock valued at $21,281,000 after purchasing an additional 138,019 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Five9 Stock Up 1.7 %

Shares of NASDAQ FIVN traded up $0.51 during mid-day trading on Friday, reaching $30.14. 1,318,687 shares of the company were exchanged, compared to its average volume of 1,527,351. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of -150.69, a P/E/G ratio of 9.41 and a beta of 1.01. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $63.79. The firm has a 50-day moving average of $37.28 and a 200 day moving average of $35.71.

Five9 (NASDAQ:FIVN - Get Free Report) last issued 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). The company had revenue of $278.66 million for the quarter, compared to analysts' expectations of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. On average, research analysts expect that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Buying and Selling

In other Five9 news, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the sale, the chief accounting officer now directly owns 47,165 shares in the company, valued at approximately $1,424,383. This trade represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the sale, the chief executive officer now owns 404,056 shares of the company's stock, valued at approximately $14,396,515.28. This trade represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,874 shares of company stock worth $985,446 in the last three months. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Piper Sandler boosted their target price on Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Morgan Stanley upped their price objective on Five9 from $40.00 to $46.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Cantor Fitzgerald upped their price objective on Five9 from $46.00 to $57.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. William Blair reaffirmed an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. Finally, Barclays upped their price objective on Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $56.76.

Five9 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.