B. Metzler seel. Sohn & Co. AG Raises Stake in Five9, Inc. (NASDAQ:FIVN)

B. Metzler seel. Sohn & Co. AG increased its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 34.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,120 shares of the software maker's stock after purchasing an additional 20,381 shares during the period. B. Metzler seel. Sohn & Co. AG owned approximately 0.11% of Five9 worth $3,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIVN. Lindbrook Capital LLC raised its stake in shares of Five9 by 155.7% during 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 holdings in 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 valued at $54,000 after acquiring an additional 1,315 shares during the period. Venturi Wealth Management LLC boosted its position 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 in the last quarter. FNY Investment Advisers LLC grew its stake in shares of Five9 by 324.8% during 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 increased its holdings in shares of 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 currently owned by institutional investors and hedge funds.

Insider Activity 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 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 approximately $1,424,383. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the sale, the chief executive officer now directly owns 404,056 shares in the company, valued at approximately $14,396,515.28. The trade was a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

Five9 Trading Down 8.9 %

Shares of FIVN traded down $2.24 during midday trading on Friday, reaching $23.00. The company had a trading volume of 2,766,824 shares, compared to its average volume of 1,574,895. Five9, Inc. has a 1-year low of $22.09 and a 1-year high of $63.30. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a 50 day simple moving average of $35.20 and a 200-day simple moving average of $35.71. The stock has a market cap of $1.74 billion, a PE ratio of -114.99, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29.

Five9 (NASDAQ:FIVN - Get Free Report) last released 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). 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. Research analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FIVN. Rosenblatt Securities reissued a "buy" rating and set a $58.00 price target on shares of Five9 in a report on Friday. Morgan Stanley raised their target price on Five9 from $40.00 to $46.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. William Blair restated an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Barclays raised their price objective on Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Piper Sandler boosted their price objective on Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.76.

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.