Geode Capital Management LLC lifted its stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,317,450 shares of the software maker's stock after buying an additional 105,265 shares during the quarter. Geode Capital Management LLC owned approximately 1.75% of Five9 worth $53,558,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Five9 during the 4th quarter worth approximately $81,280,000. Wellington Management Group LLP lifted its position in shares of Five9 by 50.9% during the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock worth $72,496,000 after purchasing an additional 601,348 shares during the last quarter. Royce & Associates LP grew its stake in shares of Five9 by 1,219.0% during the fourth quarter. Royce & Associates LP now owns 329,760 shares of the software maker's stock worth $13,401,000 after purchasing an additional 304,760 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Five9 in the fourth quarter valued at $11,671,000. Finally, Alberta Investment Management Corp acquired a new stake in Five9 in the fourth quarter valued at $8,707,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.
Five9 Stock Performance
Shares of NASDAQ:FIVN traded down $0.30 during midday trading on Friday, hitting $22.32. The stock had a trading volume of 1,096,790 shares, compared to its average volume of 1,604,574. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $60.81. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The stock has a 50 day moving average price of $30.84 and a two-hundred day moving average price of $35.18. The company has a market capitalization of $1.69 billion, a PE ratio of -111.59, a P/E/G ratio of 9.41 and a beta of 1.29.
Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $278.66 million during the quarter, compared to analysts' expectations of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. As a group, equities analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Five9 news, CAO Leena Mansharamani sold 1,517 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $50,409.91. Following the completion of the transaction, the chief accounting officer now directly owns 48,300 shares of the company's stock, valued at approximately $1,605,009. This trade represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the business'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 value of $254,474.60. Following the sale, the executive vice president now directly owns 126,359 shares in the company, valued at $4,220,390.60. This trade represents a 5.69 % 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. Company insiders own 1.80% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on FIVN. Barclays increased 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. Royal Bank of Canada reissued an "outperform" rating and set a $65.00 price objective on shares of Five9 in a report on Wednesday, March 19th. Rosenblatt Securities restated a "buy" rating and issued a $58.00 target price on shares of Five9 in a report on Friday, April 4th. Morgan Stanley cut their price target on shares of Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, William Blair reissued an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $54.94.
Read Our Latest Research Report on FIVN
About Five9
(
Free Report)
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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