Scalar Gauge Management LLC Has $17.50 Million Position in Five9, Inc. (NASDAQ:FIVN)

Scalar Gauge Management LLC trimmed its stake in Five9, Inc. (NASDAQ:FIVN - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 430,516 shares of the software maker's stock after selling 31,775 shares during the quarter. Five9 makes up 8.1% of Scalar Gauge Management LLC's holdings, making the stock its 2nd largest holding. Scalar Gauge Management LLC owned about 0.57% of Five9 worth $17,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lindbrook Capital LLC raised its holdings 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 period. Steward Partners Investment Advisory LLC lifted its position in shares of 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 acquiring an additional 1,315 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Five9 by 3,955.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after purchasing an additional 2,571 shares during the period. FNY Investment Advisers LLC boosted its stake in Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker's stock worth $132,000 after purchasing an additional 2,485 shares during the period. Finally, KBC Group NV grew its position in Five9 by 49.2% during the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker's stock worth $137,000 after purchasing an additional 1,113 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Five9

In other news, CAO Leena Mansharamani sold 1,135 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the sale, the chief accounting officer now directly owns 47,165 shares in the company, valued at approximately $1,424,383. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $4,220,390.60. This trade represents a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,574 shares of company stock worth $1,004,346. Company insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on FIVN shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $65.00 target price on shares of Five9 in a research report on Wednesday, March 19th. Needham & Company LLC restated a "buy" rating and set a $52.00 price objective on shares of Five9 in a research report on Friday. Morgan Stanley lifted their target price 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 raised their price target on shares of Five9 from $46.00 to $57.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, William Blair reaffirmed an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. Six investment 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 target price of $56.76.

Five9 Stock Performance

Five9 stock traded down $2.14 during trading hours on Friday, reaching $23.10. 1,237,658 shares of the company were exchanged, compared to its average volume of 1,567,709. Five9, Inc. has a 12 month low of $22.10 and a 12 month high of $63.30. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The stock has a 50-day moving average of $35.54 and a 200 day moving average of $35.70. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -114.74, a PEG ratio of 9.41 and a beta of 1.29.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). The firm had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. As a group, research analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current year.

About Five9

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.