Oppenheimer & Co. Inc. bought a new position in Five9, Inc. (NASDAQ:FIVN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 49,233 shares of the software maker's stock, valued at approximately $2,001,000. Oppenheimer & Co. Inc. owned about 0.07% of Five9 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in shares of Five9 by 3,955.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after purchasing an additional 2,571 shares during the period. FNY Investment Advisers LLC boosted its position in Five9 by 324.8% during the fourth quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker's stock worth $132,000 after purchasing an additional 2,485 shares in the last quarter. Quest Partners LLC acquired a new stake in Five9 in the 3rd quarter valued at $95,000. KBC Group NV raised its position in shares of Five9 by 49.2% during the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker's stock worth $137,000 after purchasing an additional 1,113 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Five9 in the third quarter valued at approximately $145,000. 96.64% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Five9
In related news, EVP Panos Kozanian sold 7,619 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the transaction, the executive vice president now owns 126,359 shares in the company, valued at $4,220,390.60. The trade was a 5.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the sale, the chief executive officer now directly owns 404,056 shares of the company's stock, valued at approximately $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 own 1.80% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on FIVN shares. Piper Sandler upped their target price on shares of Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Barclays boosted their target price on Five9 from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Cantor Fitzgerald lifted their price objective on Five9 from $46.00 to $57.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Needham & Company LLC restated a "buy" rating and set a $52.00 price target on shares of Five9 in a report on Friday, February 21st. Finally, Robert W. Baird increased their target price on shares of Five9 from $40.00 to $43.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $57.65.
Read Our Latest Stock Report on FIVN
Five9 Stock Down 3.7 %
Shares of NASDAQ:FIVN traded down $1.29 during trading on Thursday, hitting $33.06. 513,561 shares of the company were exchanged, compared to its average volume of 1,626,888. The firm's 50 day moving average price is $39.68 and its 200-day moving average price is $35.99. Five9, Inc. has a 12-month low of $26.60 and a 12-month high of $63.79. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $2.51 billion, a P/E ratio of -165.16, a PEG ratio of 9.41 and a beta of 0.93.
Five9 (NASDAQ:FIVN - Get Free Report) last announced its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) 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%. On average, research analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.
Five9 Profile
(
Free Report)
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.
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