Five9, Inc. (NASDAQ:FIVN) Position Raised by Herald Investment Management Ltd

Herald Investment Management Ltd boosted its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 32.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 165,000 shares of the software maker's stock after purchasing an additional 40,000 shares during the quarter. Five9 comprises approximately 1.1% of Herald Investment Management Ltd's investment portfolio, making the stock its 29th largest position. Herald Investment Management Ltd owned about 0.22% of Five9 worth $6,701,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lindbrook Capital LLC boosted its position in Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after acquiring an additional 520 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after purchasing an additional 1,315 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after buying an additional 2,571 shares in the last quarter. Conquis Financial LLC acquired a new position in Five9 during the fourth quarter worth $122,000. Finally, FNY Investment Advisers LLC increased its stake in shares of Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker's stock worth $132,000 after acquiring an additional 2,485 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.

Five9 Stock Up 6.1 %

NASDAQ:FIVN traded up $1.35 on Wednesday, reaching $23.60. The stock had a trading volume of 1,702,465 shares, compared to its average volume of 1,607,501. The company has a 50-day moving average of $30.06 and a 200 day moving average of $35.13. 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 market cap of $1.79 billion, a P/E ratio of -117.99, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29. Five9, Inc. has a 12-month low of $21.04 and a 12-month high of $60.81.

Five9 (NASDAQ:FIVN - Get Free Report) last issued 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). 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. On average, research analysts predict that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Transactions at Five9

In other Five9 news, CFO Barry Zwarenstein sold 2,468 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $82,011.64. Following the sale, the chief financial officer now directly owns 92,583 shares of the company's stock, valued at approximately $3,076,533.09. This represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Leena Mansharamani sold 1,135 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $34,277.00. Following the sale, the chief accounting officer now directly owns 47,165 shares of the company's stock, valued at approximately $1,424,383. This represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,574 shares of company stock valued at $1,004,346. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on FIVN. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. Royal Bank of Canada reissued an "outperform" rating and issued a $65.00 target price on shares of Five9 in a research report on Wednesday, March 19th. William Blair reiterated an "outperform" rating on shares of Five9 in a report on Thursday, March 13th. Needham & Company LLC reiterated a "buy" rating and set a $52.00 price target on shares of Five9 in a research note on Friday, April 4th. Finally, Piper Sandler lifted their price objective on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $52.76.

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.