Five9, Inc. (NASDAQ:FIVN) Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. decreased its holdings in Five9, Inc. (NASDAQ:FIVN - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,874,279 shares of the software maker's stock after selling 70,019 shares during the period. Five9 makes up approximately 2.3% of Van Berkom & Associates Inc.'s investment portfolio, making the stock its 24th largest position. Van Berkom & Associates Inc. owned about 2.49% of Five9 worth $76,171,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Potrero Capital Research LLC purchased a new stake in shares of Five9 in the third quarter valued at approximately $15,610,000. Loomis Sayles & Co. L P purchased a new stake in Five9 in the 3rd quarter valued at $11,211,000. Scalar Gauge Management LLC grew its holdings in Five9 by 191.7% in the 3rd quarter. Scalar Gauge Management LLC now owns 462,291 shares of the software maker's stock valued at $13,282,000 after buying an additional 303,791 shares in the last quarter. FMR LLC increased its stake in shares of Five9 by 2.4% in the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker's stock worth $320,620,000 after acquiring an additional 259,820 shares during the last quarter. Finally, Alberta Investment Management Corp purchased a new position in shares of Five9 during the 4th quarter worth $8,707,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Stock Down 0.3 %

Shares of FIVN opened at $41.69 on Friday. The company's 50-day simple moving average is $40.57 and its 200-day simple moving average is $35.89. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $71.43. The stock has a market capitalization of $3.14 billion, a PE ratio of -83.38, a P/E/G ratio of 9.60 and a beta of 0.93.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. Analysts forecast that Five9, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Activity

In other Five9 news, CAO Leena Mansharamani sold 1,346 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the sale, the chief accounting officer now owns 35,526 shares in the company, valued at $1,468,289.58. This represents a 3.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Andy Dignan sold 4,109 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $171,961.65. Following the completion of the sale, the chief operating officer now directly owns 115,818 shares in the company, valued at $4,846,983.30. This represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,004 shares of company stock worth $1,209,279. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald started coverage on shares of Five9 in a report on Friday, January 17th. They issued an "overweight" rating and a $46.00 price objective for the company. Robert W. Baird increased their price target on shares of Five9 from $40.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. Wells Fargo & Company lowered shares of Five9 from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $55.00 to $40.00 in a research report on Tuesday, November 12th. Piper Sandler increased their price objective on Five9 from $35.00 to $46.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Finally, Rosenblatt Securities raised their target price on Five9 from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $57.50.

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.

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