Archon Capital Management LLC Takes $1.54 Million Position in Five9, Inc. (NASDAQ:FIVN)

Archon Capital Management LLC purchased a new stake in Five9, Inc. (NASDAQ:FIVN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,000 shares of the software maker's stock, valued at approximately $1,544,000. Five9 comprises 1.5% of Archon Capital Management LLC's investment portfolio, making the stock its 26th biggest position. Archon Capital Management LLC owned approximately 0.05% of Five9 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIVN. Lindbrook Capital LLC grew its stake in Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after buying an additional 520 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after purchasing an additional 1,315 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Five9 by 3,955.4% during 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 bought a new position in Five9 in the 4th quarter valued at about $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 valued at $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.

Insiders Place Their Bets

In related news, CEO Michael Burkland sold 12,595 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the sale, the chief executive officer now directly owns 404,056 shares of the company's stock, valued at $14,396,515.28. This trade represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the transaction, the executive vice president now directly owns 126,359 shares in the company, valued at $4,220,390.60. The trade was a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,574 shares of company stock valued at $1,004,346 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Five9 Stock Down 1.2 %

Five9 stock traded down $0.27 during midday trading on Thursday, hitting $22.35. 661,820 shares of the stock were exchanged, compared to its average volume of 1,692,586. Five9, Inc. has a 52-week low of $21.04 and a 52-week high of $60.81. The business's 50-day moving average price is $31.58 and its 200-day moving average price is $35.26. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -111.59, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32.

Five9 (NASDAQ:FIVN - Get Free Report) last posted 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 business 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 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler boosted their target price on Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Cantor Fitzgerald reiterated an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. Mizuho dropped their target price on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday. Barclays raised their target price on Five9 from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, William Blair reiterated an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $54.94.

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.