Janney Montgomery Scott LLC Raises Holdings in Five9, Inc. (NASDAQ:FIVN)

Janney Montgomery Scott LLC raised its position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 25.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,372 shares of the software maker's stock after buying an additional 7,140 shares during the quarter. Janney Montgomery Scott LLC's holdings in Five9 were worth $1,438,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIVN. Ameritas Advisory Services LLC raised its stake in Five9 by 40.5% during the fourth quarter. Ameritas Advisory Services LLC now owns 11,005 shares of the software maker's stock valued at $447,000 after buying an additional 3,173 shares during the last quarter. Mirador Capital Partners LP grew its position in Five9 by 48.9% during the 4th quarter. Mirador Capital Partners LP now owns 27,707 shares of the software maker's stock valued at $1,126,000 after purchasing an additional 9,095 shares during the last quarter. FNY Investment Advisers LLC grew its position in Five9 by 324.8% during the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker's stock valued at $132,000 after purchasing an additional 2,485 shares during the last quarter. Nordea Investment Management AB increased its stake in Five9 by 2.7% during the 4th quarter. Nordea Investment Management AB now owns 134,750 shares of the software maker's stock valued at $5,550,000 after purchasing an additional 3,549 shares in the last quarter. Finally, 272 Capital LP raised its holdings in Five9 by 3.3% in the third quarter. 272 Capital LP now owns 297,880 shares of the software maker's stock worth $8,558,000 after buying an additional 9,389 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Robert W. Baird upped their price objective on Five9 from $40.00 to $43.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. Cantor Fitzgerald began coverage on shares of Five9 in a research note on Friday, January 17th. They issued an "overweight" rating and a $46.00 price target for the company. Morgan Stanley increased their price objective on shares of Five9 from $40.00 to $46.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Wells Fargo & Company downgraded shares of Five9 from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. Finally, Piper Sandler raised their price target on Five9 from $35.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $57.50.

Insider Transactions at Five9

In related news, COO Andy Dignan sold 4,109 shares of the firm's 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 transaction, the chief operating officer now owns 115,818 shares of the company's stock, valued at $4,846,983.30. This trade represents a 3.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Leena Mansharamani sold 1,346 shares of Five9 stock in a transaction dated Wednesday, December 4th. The shares were 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 of the company's stock, valued at $1,468,289.58. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,004 shares of company stock worth $1,209,279. 1.80% of the stock is currently owned by insiders.

Five9 Trading Down 2.6 %

NASDAQ FIVN traded down $1.10 during trading on Friday, hitting $40.87. The stock had a trading volume of 909,039 shares, compared to its average volume of 1,154,637. Five9, Inc. has a one year low of $26.60 and a one year high of $79.43. The stock has a 50 day simple moving average of $40.77 and a 200 day simple moving average of $36.11. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of -81.74, a P/E/G ratio of 9.25 and a beta of 0.93. 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 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The software maker reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.43). The business had revenue of $264.18 million for the quarter, compared to the consensus estimate of $254.82 million. Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. During the same period in the prior year, the business posted ($0.21) earnings per share. Sell-side analysts predict that Five9, Inc. will post 0.11 earnings per share for the current year.

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.