Five9, Inc. (NASDAQ:FIVN) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 465,702 shares of the software maker's stock after acquiring an additional 8,445 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.62% of Five9 worth $18,926,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FIVN. Steward Partners Investment Advisory LLC boosted its holdings 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 acquiring an additional 1,315 shares during the period. Quest Partners LLC purchased a new position in Five9 during the 3rd quarter valued at about $95,000. Venturi Wealth Management LLC boosted its holdings in Five9 by 3,955.4% during the 4th 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. FNY Investment Advisers LLC boosted its holdings 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 acquiring an additional 2,485 shares during the period. Finally, KBC Group NV boosted its stake in shares of Five9 by 49.2% in the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker's stock valued at $137,000 after buying an additional 1,113 shares during the period. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Five9 news, CFO Barry Zwarenstein sold 2,468 shares of Five9 stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $82,011.64. Following the transaction, the chief financial officer now directly owns 92,583 shares in the company, valued at approximately $3,076,533.09. This trade represents a 2.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $34,277.00. Following the completion of the transaction, the chief accounting officer now owns 47,165 shares in the company, valued at $1,424,383. This trade represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,874 shares of company stock valued at $985,446 over the last quarter. Company insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays lifted their price objective on Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Truist Financial reiterated a "buy" rating and issued a $65.00 price objective on shares of Five9 in a research note on Tuesday, December 17th. Rosenblatt Securities reiterated a "buy" rating and issued a $58.00 price objective on shares of Five9 in a research note on Thursday. William Blair reiterated an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $65.00 price objective on shares of Five9 in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $56.76.

Five9 Stock Performance

FIVN traded up $0.51 during trading on Friday, hitting $30.14. 1,318,687 shares of the stock were exchanged, compared to its average volume of 1,530,124. The firm has a market capitalization of $2.28 billion, a P/E ratio of -150.69, a PEG ratio of 9.41 and a beta of 1.01. Five9, Inc. has a 1-year low of $26.60 and a 1-year high of $63.79. The stock has a fifty day moving average price of $37.28 and a two-hundred day moving average price of $35.74. 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 released its quarterly 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 firm 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%. As a group, sell-side analysts predict that Five9, Inc. will post 0.28 earnings per share for the current year.

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.