Artisan Partners Limited Partnership Sells 18,668 Shares of Five9, Inc. (NASDAQ:FIVN)

Artisan Partners Limited Partnership lessened its stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 730,953 shares of the software maker's stock after selling 18,668 shares during the period. Artisan Partners Limited Partnership owned 0.97% of Five9 worth $29,706,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in shares of Five9 by 10.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker's stock worth $156,000 after purchasing an additional 365 shares in the last quarter. Arizona State Retirement System grew its stake in Five9 by 2.0% during the fourth quarter. Arizona State Retirement System now owns 21,694 shares of the software maker's stock worth $882,000 after buying an additional 424 shares in the last quarter. Lindbrook Capital LLC grew its stake in Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after buying an additional 520 shares in the last quarter. Xponance Inc. increased its holdings in Five9 by 6.1% in the 4th quarter. Xponance Inc. now owns 9,421 shares of the software maker's stock valued at $383,000 after buying an additional 539 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Five9 by 3.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,739 shares of the software maker's stock valued at $802,000 after buying an additional 670 shares in the last quarter. Institutional investors own 96.64% of the company's stock.

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Five9 Trading Up 2.1 %

Shares of FIVN traded up $0.56 during trading hours on Wednesday, hitting $27.64. 408,579 shares of the stock were exchanged, compared to its average volume of 1,559,050. Five9, Inc. has a fifty-two week low of $26.34 and a fifty-two week high of $63.30. The business has a 50-day moving average of $36.06 and a 200-day moving average of $35.83. The firm has a market capitalization of $2.10 billion, a P/E ratio of -138.00, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29. 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 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $278.66 million for the quarter, compared to analyst estimates 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 year.

Insider Transactions at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,135 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were 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 document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the transaction, the executive vice president now directly owns 126,359 shares in the company, valued at $4,220,390.60. This trade represents a 5.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,874 shares of company stock valued at $985,446 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FIVN shares. William Blair reiterated an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. Morgan Stanley lifted their price target on Five9 from $40.00 to $46.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 18th. Cantor Fitzgerald upped their price objective on Five9 from $46.00 to $57.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Truist Financial reiterated a "buy" rating and issued a $65.00 target price on shares of Five9 in a research report on Tuesday, December 17th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $52.00 target price on shares of Five9 in a report on Monday, March 17th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $56.76.

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.