Five9, Inc. (NASDAQ:FIVN) Stake Increased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP increased its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 112.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,144 shares of the software maker's stock after purchasing an additional 58,733 shares during the quarter. ExodusPoint Capital Management LP owned 0.15% of Five9 worth $4,517,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its position in 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 buying an additional 520 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after acquiring an additional 1,315 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after acquiring an additional 2,571 shares in the last quarter. FNY Investment Advisers LLC boosted its holdings in Five9 by 324.8% in the fourth quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker's stock valued at $132,000 after purchasing an additional 2,485 shares during the last quarter. Finally, KBC Group NV grew its stake in Five9 by 49.2% during the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker's stock valued at $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.

Wall Street Analyst Weigh In

FIVN has been the topic of a number of recent analyst reports. 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. William Blair reaffirmed an "outperform" rating on shares of Five9 in a report on Thursday, March 13th. Barclays raised their price objective on shares of Five9 from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Piper Sandler increased their target price on shares of Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, Truist Financial reissued a "buy" rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $56.76.

Insider Buying and Selling

In other news, COO Andy Dignan sold 2,840 shares of the firm's stock in a transaction 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 directly owns 194,201 shares of the company's stock, valued at $6,453,299.23. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction on Tuesday, March 11th. The stock was 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. The trade was a 2.35 % decrease in their ownership of the stock. 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 ninety days. 1.80% of the stock is currently owned by corporate insiders.

Five9 Price Performance

Shares of FIVN stock traded down $0.16 during mid-day trading on Friday, hitting $23.07. 1,518,499 shares of the stock traded hands, compared to its average volume of 1,596,763. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $60.81. 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 company's 50-day simple moving average is $32.71 and its 200-day simple moving average is $35.42. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -115.34, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29.

Five9 (NASDAQ:FIVN - Get Free Report) last released its 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 positive return on equity of 3.62% and a negative net margin of 1.23%. The firm had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. As a group, equities research analysts expect 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.