CANADA LIFE ASSURANCE Co Sells 25,941 Shares of Five9, Inc. (NASDAQ:FIVN)

CANADA LIFE ASSURANCE Co trimmed its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 16.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,276 shares of the software maker's stock after selling 25,941 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.18% of Five9 worth $5,371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIVN. Lindbrook Capital LLC grew its stake in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after purchasing an additional 520 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after buying an additional 1,315 shares in the last quarter. Venturi Wealth Management LLC grew its position in 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 acquiring an additional 2,571 shares during the period. Conquis Financial LLC acquired a new position in Five9 during the fourth quarter worth $122,000. Finally, FNY Investment Advisers LLC lifted its holdings in shares of Five9 by 324.8% during the fourth quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker's stock valued at $132,000 after acquiring an additional 2,485 shares during the period. 96.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research 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. Wells Fargo & Company dropped their price objective on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley reduced their target price on Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $52.00 price target on shares of Five9 in a report on Friday, April 4th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $65.00 price objective on shares of Five9 in a research note on Wednesday, March 19th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.47.

Insider Transactions at Five9

In related news, CAO Leena Mansharamani sold 1,135 shares of Five9 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 transaction, the chief accounting officer now owns 47,165 shares of the company's stock, valued at $1,424,383. This trade represents a 2.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andy Dignan sold 2,840 shares of the company's stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 194,201 shares of the company's stock, valued at $6,453,299.23. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,574 shares of company stock worth $1,004,346 in the last three months. Insiders own 1.60% of the company's stock.

Five9 Trading Up 1.7 %

Five9 stock traded up $0.43 during trading hours on Friday, reaching $25.06. 1,302,169 shares of the company's stock traded hands, compared to its average volume of 1,621,366. Five9, Inc. has a fifty-two week low of $21.04 and a fifty-two week high of $60.76. The firm's 50 day moving average is $29.06 and its 200-day moving average is $35.05. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of -125.29, a PEG ratio of 9.41 and a beta of 1.29.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $267.70 million. On average, analysts predict that Five9, Inc. will post 0.28 earnings per share for the current year.

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.