Horrell Capital Management Inc. Invests $3.30 Million in Five9, Inc. (NASDAQ:FIVN)

Horrell Capital Management Inc. acquired a new position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 115,000 shares of the software maker's stock, valued at approximately $3,304,000. Horrell Capital Management Inc. owned approximately 0.16% of Five9 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FIVN. Sylebra Capital LLC increased its position in Five9 by 28.4% during the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker's stock worth $132,908,000 after purchasing an additional 666,681 shares in the last quarter. Point72 Asset Management L.P. increased its position 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 valued at $33,213,000 after acquiring an additional 584,800 shares during the period. Van Berkom & Associates Inc. increased its position 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 valued at $57,307,000 after acquiring an additional 446,151 shares during the period. Massachusetts Financial Services Co. MA increased its position 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 valued at $64,257,000 after acquiring an additional 406,188 shares during the period. Finally, 272 Capital LP acquired a new position in Five9 in the 2nd quarter valued at approximately $12,722,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Five9

In related news, CFO Barry Zwarenstein sold 4,408 shares of the firm's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the transaction, the chief financial officer now directly owns 101,732 shares of the company's stock, valued at $2,743,712.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Michael Burkland sold 12,595 shares of the firm's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.27, for a total transaction of $381,250.65. Following the completion of the sale, the chief executive officer now owns 253,488 shares in the company, valued at approximately $7,673,081.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Barry Zwarenstein sold 4,408 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the sale, the chief financial officer now owns 101,732 shares of the company's stock, valued at $2,743,712.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,130 shares of company stock valued at $1,212,594 over the last ninety days. Corporate insiders own 1.80% of the company's stock.

Five9 Stock Up 1.2 %

Shares of Five9 stock traded up $0.37 during trading hours on Tuesday, reaching $30.05. The company's stock had a trading volume of 1,322,817 shares, compared to its average volume of 1,455,778. Five9, Inc. has a one year low of $26.60 and a one year high of $92.40. The company has a market capitalization of $2.22 billion, a P/E ratio of -35.35 and a beta of 0.85. The stock's fifty day simple moving average is $29.81 and its two-hundred day simple moving average is $40.79. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating 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 company had revenue of $252.09 million for the quarter, compared to analyst estimates of $244.54 million. On average, research analysts forecast that Five9, Inc. will post -0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FIVN. Robert W. Baird cut shares of Five9 from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $90.00 to $40.00 in a research report on Friday, August 9th. Bank of America upgraded shares of Five9 from an "underperform" rating to a "buy" rating and set a $63.00 price target for the company in a research report on Monday, August 5th. Needham & Company LLC reiterated a "buy" rating and set a $48.00 price objective on shares of Five9 in a research report on Wednesday, August 21st. Roth Mkm decreased their price objective on shares of Five9 from $90.00 to $67.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Finally, Baird R W cut shares of Five9 from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, 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.