Dana Investment Advisors Inc. Makes New Investment in Five9, Inc. (NASDAQ:FIVN)

Dana Investment Advisors Inc. bought a new stake in Five9, Inc. (NASDAQ:FIVN - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 79,466 shares of the software maker's stock, valued at approximately $3,229,000. Dana Investment Advisors Inc. owned about 0.11% of Five9 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its holdings in Five9 by 14.5% in 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 acquiring an additional 210,836 shares during the last quarter. Gagnon Securities LLC grew its position in shares of Five9 by 10.4% in the fourth quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker's stock valued at $14,878,000 after purchasing an additional 34,597 shares in the last quarter. Vestcor Inc increased its holdings in shares of Five9 by 42.9% in the third quarter. Vestcor Inc now owns 50,000 shares of the software maker's stock valued at $1,437,000 after purchasing an additional 15,000 shares during the last quarter. Fisher Asset Management LLC lifted its position in Five9 by 14.9% during the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker's stock worth $21,891,000 after buying an additional 98,543 shares in the last quarter. Finally, Barclays PLC boosted its stake in Five9 by 215.8% during the third quarter. Barclays PLC now owns 242,187 shares of the software maker's stock worth $6,956,000 after buying an additional 165,487 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Five9

In related news, COO Andy Dignan sold 2,840 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 owns 194,201 shares in the company, valued at $6,453,299.23. The trade was a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Leena Mansharamani sold 1,517 shares of the 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 $50,409.91. Following the completion of the transaction, the chief accounting officer now owns 48,300 shares in the company, valued at $1,605,009. This represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,039 shares of company stock valued at $930,029. Insiders own 1.80% of the company's stock.

Five9 Stock Down 2.9 %

Shares of NASDAQ FIVN traded down $0.88 during mid-day trading on Tuesday, hitting $29.66. The company had a trading volume of 2,154,422 shares, compared to its average volume of 1,656,750. Five9, Inc. has a 1-year low of $26.60 and a 1-year high of $63.79. The company has a market capitalization of $2.25 billion, a PE ratio of -148.29, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The business's 50-day simple moving average is $39.11 and its 200 day simple moving average is $35.96.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company 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.

Analyst Upgrades and Downgrades

FIVN has been the topic of several analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $52.00 price target on shares of Five9 in a report on Friday, February 21st. Morgan Stanley lifted their target price on shares of Five9 from $40.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 18th. Piper Sandler increased their price target on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Truist Financial restated a "buy" rating and set a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Finally, Robert W. Baird upped their price objective on Five9 from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Monday, November 11th. 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 has a consensus rating of "Moderate Buy" and a consensus price target of $57.65.

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.