Lecap Asset Management Ltd. Invests $1.71 Million in Five9, Inc. (NASDAQ:FIVN)

Lecap Asset Management Ltd. acquired a new position in Five9, Inc. (NASDAQ:FIVN - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 59,655 shares of the software maker's stock, valued at approximately $1,714,000. Lecap Asset Management Ltd. owned about 0.08% of Five9 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIVN. Sylebra Capital LLC grew its position in shares of Five9 by 28.4% in the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker's stock worth $132,908,000 after buying an additional 666,681 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Five9 by 347.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker's stock worth $33,213,000 after purchasing an additional 584,800 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in Five9 by 52.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker's stock worth $57,307,000 after purchasing an additional 446,151 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Five9 by 38.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker's stock worth $64,257,000 after purchasing an additional 406,188 shares in the last quarter. Finally, 272 Capital LP acquired a new stake in Five9 during the 2nd quarter valued at approximately $12,722,000. Hedge funds and other institutional investors own 96.64% of the company's stock.

Insider Activity

In other news, CRO Daniel P. Burkland sold 2,637 shares of the business's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $43.55, for a total transaction of $114,841.35. Following the transaction, the executive now owns 130,079 shares of the company's stock, valued at approximately $5,664,940.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Five9 news, CRO Daniel P. Burkland sold 2,637 shares of the company's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $43.55, for a total value of $114,841.35. Following the transaction, the executive now owns 130,079 shares of the company's stock, valued at $5,664,940.45. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Leena Mansharamani sold 1,395 shares of the company's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total transaction of $42,561.45. Following the completion of the transaction, the chief accounting officer now directly owns 36,872 shares in the company, valued at $1,124,964.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,130 shares of company stock valued at $1,212,594. 1.80% of the stock is currently owned by insiders.

Five9 Price Performance

Shares of Five9 stock traded down $0.17 during trading hours on Wednesday, reaching $29.99. 1,231,499 shares of the company's stock were exchanged, compared to its average volume of 1,459,927. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $92.40. The company has a market capitalization of $2.22 billion, a P/E ratio of -35.28 and a beta of 0.85. The business has a fifty day moving average of $30.08 and a two-hundred day moving average of $41.66. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The business had revenue of $252.09 million during the quarter, compared to analyst estimates of $244.54 million. As a group, research analysts predict that Five9, Inc. will post -0.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FIVN has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of Five9 from $65.00 to $55.00 and set an "overweight" rating for the company in a research note on Wednesday. Bank of America upgraded shares of Five9 from an "underperform" rating to a "buy" rating and set a $63.00 price objective for the company in a research note on Monday, August 5th. Truist Financial restated a "buy" rating and set a $65.00 price objective on shares of Five9 in a research note on Tuesday, August 27th. BTIG Research decreased their price objective on shares of Five9 from $100.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, Baird R W lowered shares of Five9 from a "strong-buy" rating to a "hold" rating in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, Five9 has a consensus rating of "Moderate Buy" and an average target price of $62.00.

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.