Headlands Technologies LLC Acquires New Position in Five9, Inc. (NASDAQ:FIVN)

Headlands Technologies LLC purchased a new position in Five9, Inc. (NASDAQ:FIVN - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,684 shares of the software maker's stock, valued at approximately $841,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Intech Investment Management LLC purchased a new stake in shares of Five9 during the third quarter valued at $281,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Five9 by 13.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker's stock worth $548,000 after buying an additional 2,254 shares in the last quarter. Verition Fund Management LLC boosted its stake in shares of Five9 by 144.3% during the 3rd quarter. Verition Fund Management LLC now owns 49,511 shares of the software maker's stock valued at $1,422,000 after buying an additional 29,248 shares during the period. Atom Investors LP grew its holdings in shares of Five9 by 92.7% during the 3rd quarter. Atom Investors LP now owns 45,367 shares of the software maker's stock valued at $1,303,000 after acquiring an additional 21,823 shares in the last quarter. Finally, Centiva Capital LP increased its stake in shares of Five9 by 87.1% in the third quarter. Centiva Capital LP now owns 56,263 shares of the software maker's stock worth $1,616,000 after acquiring an additional 26,193 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Trading Down 2.7 %

Shares of FIVN traded down $0.61 during trading hours on Monday, hitting $22.39. 840,172 shares of the stock traded hands, compared to its average volume of 1,572,194. The firm has a market capitalization of $1.70 billion, a PE ratio of -111.29, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29. Five9, Inc. has a 1-year low of $19.40 and a 1-year high of $63.30. 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 business has a fifty day moving average of $35.20 and a 200-day moving average of $35.76.

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

Analyst Ratings Changes

FIVN has been the subject of a number of research reports. Barclays lifted their price objective on Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Morgan Stanley increased their price objective on Five9 from $40.00 to $46.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Rosenblatt Securities reaffirmed a "buy" rating and set a $58.00 target price on shares of Five9 in a research report on Friday. William Blair reiterated an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Finally, Piper Sandler raised their price target on shares of Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $56.76.

Insider Activity at Five9

In other news, COO Andy Dignan sold 2,840 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $94,373.20. Following the completion of the transaction, the chief operating officer now owns 194,201 shares in the company, valued at $6,453,299.23. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Leena Mansharamani sold 1,517 shares of Five9 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 sale, the chief accounting officer now directly owns 48,300 shares in the company, valued at approximately $1,605,009. This represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,574 shares of company stock worth $1,004,346. 1.80% of the stock is currently owned by company insiders.

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.