Five9, Inc. (NASDAQ:FIVN) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its stake in Five9, Inc. (NASDAQ:FIVN - Free Report) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,568,254 shares of the software maker's stock after selling 63,320 shares during the period. First Trust Advisors LP owned approximately 2.09% of Five9 worth $63,734,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Five9 during the 4th quarter worth $81,280,000. Wellington Management Group LLP raised its position in Five9 by 50.9% during the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock worth $72,496,000 after acquiring an additional 601,348 shares during the last quarter. Cooper Creek Partners Management LLC purchased a new stake in shares of Five9 in the fourth quarter valued at about $14,782,000. Royce & Associates LP grew its position in shares of Five9 by 1,219.0% in the fourth quarter. Royce & Associates LP now owns 329,760 shares of the software maker's stock valued at $13,401,000 after purchasing an additional 304,760 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Five9 during the 4th quarter worth approximately $11,671,000. Hedge funds and other institutional investors own 96.64% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FIVN shares. Mizuho reduced their target price on Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. William Blair reissued an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Morgan Stanley lowered their price target on shares of Five9 from $48.00 to $28.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler upped their price objective 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. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.76.

Five9 Stock Performance

NASDAQ FIVN opened at $22.25 on Wednesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9, Inc. has a 1-year low of $21.04 and a 1-year high of $60.81. The firm has a market capitalization of $1.69 billion, a P/E ratio of -111.24, a P/E/G ratio of 9.41 and a beta of 1.29. The business's 50-day simple moving average is $30.06 and its 200-day simple moving average is $35.13.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share 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 business had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Equities analysts predict that Five9, Inc. will post 0.28 EPS for the current year.

Insider Buying and Selling

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the sale, the executive vice president now owns 126,359 shares in the company, valued at $4,220,390.60. This trade represents a 5.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Andy Dignan sold 2,840 shares of the firm'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 sale, the chief operating officer now directly owns 194,201 shares of the company's stock, valued at $6,453,299.23. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,574 shares of company stock valued at $1,004,346. Company insiders own 1.80% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.