Loomis Sayles & Co. L P Increases Stake in Five9, Inc. (NASDAQ:FIVN)

Loomis Sayles & Co. L P grew its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 20.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 470,909 shares of the software maker's stock after acquiring an additional 80,689 shares during the quarter. Loomis Sayles & Co. L P owned about 0.63% of Five9 worth $19,138,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FIVN. FMR LLC raised its stake in shares of Five9 by 2.4% during the third quarter. FMR LLC now owns 11,159,760 shares of the software maker's stock worth $320,620,000 after acquiring an additional 259,820 shares in the last quarter. Potrero Capital Research LLC purchased a new position in shares of Five9 in the 3rd quarter valued at approximately $15,610,000. WCM Investment Management LLC grew its stake in Five9 by 35.9% in the fourth quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker's stock worth $21,281,000 after purchasing an additional 138,019 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Five9 by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 465,702 shares of the software maker's stock valued at $18,926,000 after buying an additional 8,445 shares in the last quarter. Finally, Scalar Gauge Management LLC increased its stake in shares of Five9 by 191.7% in the 3rd quarter. Scalar Gauge Management LLC now owns 462,291 shares of the software maker's stock worth $13,282,000 after acquiring an additional 303,791 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FIVN has been the topic of several recent research reports. Truist Financial restated a "buy" rating and issued a $65.00 price target on shares of Five9 in a research note on Tuesday, December 17th. Barclays increased their price objective on shares of Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. William Blair restated an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. Cantor Fitzgerald boosted their target price on shares of Five9 from $46.00 to $57.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Rosenblatt Securities restated a "buy" rating and issued a $58.00 price target on shares of Five9 in a research note on Thursday, March 20th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.76.

Five9 Stock Up 2.1 %

Shares of FIVN stock traded up $0.57 during trading hours on Wednesday, reaching $27.65. 434,288 shares of the company's stock were exchanged, compared to its average volume of 1,612,462. 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 company has a market cap of $2.10 billion, a price-to-earnings ratio of -138.43, a P/E/G ratio of 9.41 and a beta of 1.29. The stock's 50 day moving average is $36.06 and its 200-day moving average is $35.83. Five9, Inc. has a fifty-two week low of $26.34 and a fifty-two week high of $63.30.

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 firm 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 predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Activity at Five9

In other news, CAO Leena Mansharamani sold 1,135 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the sale, the chief accounting officer now owns 47,165 shares in the company, valued at $1,424,383. This trade represents a 2.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the transaction, the chief executive officer now owns 404,056 shares in the company, valued at $14,396,515.28. This represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,874 shares of company stock worth $985,446 in the last 90 days. Corporate insiders own 1.80% of the company's stock.

About Five9

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.