Five9, Inc. (NASDAQ:FIVN) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,917,737 shares of the software maker's stock after selling 90,006 shares during the period. Vanguard Group Inc. owned 11.86% of Five9 worth $362,417,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Gagnon Securities LLC raised its holdings in shares of Five9 by 10.4% during the 4th quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker's stock worth $14,878,000 after acquiring an additional 34,597 shares during the period. Vestcor Inc raised its stake in Five9 by 42.9% during the third quarter. Vestcor Inc now owns 50,000 shares of the software maker's stock worth $1,437,000 after purchasing an additional 15,000 shares during the period. Barclays PLC boosted its holdings in Five9 by 215.8% in the 3rd quarter. Barclays PLC now owns 242,187 shares of the software maker's stock valued at $6,956,000 after purchasing an additional 165,487 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Five9 in the 4th quarter valued at approximately $268,000. Finally, Bullseye Asset Management LLC increased its holdings in shares of Five9 by 13.7% during the 3rd quarter. Bullseye Asset Management LLC now owns 103,768 shares of the software maker's stock worth $2,981,000 after buying an additional 12,500 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.

Five9 Stock Down 4.9 %

FIVN stock traded down $1.12 during mid-day trading on Tuesday, reaching $21.54. The company had a trading volume of 2,801,014 shares, compared to its average volume of 1,584,333. The firm has a fifty day simple moving average of $34.07 and a 200 day simple moving average of $35.57. 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 has a market capitalization of $1.63 billion, a price-to-earnings ratio of -107.69, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29. Five9, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $63.30.

Five9 (NASDAQ:FIVN - Get Free Report) last issued 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 net margin of 1.23% and a positive return on equity of 3.62%. The firm had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FIVN has been the topic of a number of recent analyst reports. Morgan Stanley upped their price objective on Five9 from $40.00 to $46.00 and gave the company an "equal weight" rating in a report on Wednesday, December 18th. William Blair reiterated an "outperform" rating on shares of Five9 in a report on Thursday, March 13th. Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a report on Wednesday, April 2nd. 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. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $58.00 price target on shares of Five9 in a research note on Friday. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $56.76.

Insider Activity at Five9

In other news, CEO Michael Burkland sold 12,595 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the transaction, the chief executive officer now directly owns 404,056 shares of the company's stock, valued at approximately $14,396,515.28. This represents a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Leena Mansharamani sold 1,135 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the sale, the chief accounting officer now directly owns 47,165 shares in the company, valued at $1,424,383. This trade represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,574 shares of company stock valued at $1,004,346 over the last quarter. 1.80% of the stock is owned by insiders.

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.