Proficio Capital Partners LLC Buys New Shares in Five9, Inc. (NASDAQ:FIVN)

Proficio Capital Partners LLC purchased a new stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,709 shares of the software maker's stock, valued at approximately $1,004,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. KBC Group NV raised its holdings in Five9 by 49.2% during the fourth quarter. KBC Group NV now owns 3,373 shares of the software maker's stock valued at $137,000 after buying an additional 1,113 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in Five9 by 10.2% in the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 12,125 shares of the software maker's stock worth $493,000 after purchasing an additional 1,125 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Five9 by 13.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker's stock worth $548,000 after purchasing an additional 2,254 shares during the period. FNY Investment Advisers LLC raised its position in shares of Five9 by 324.8% in the fourth 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 period. Finally, Venturi Wealth Management LLC lifted its stake in shares of Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after buying an additional 2,571 shares during the last quarter. Institutional investors own 96.64% of the company's stock.

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Five9 Trading Down 2.9 %

Shares of NASDAQ FIVN traded down $0.88 during midday trading on Tuesday, hitting $29.66. The stock had a trading volume of 2,154,410 shares, compared to its average volume of 1,656,712. The firm has a market cap of $2.25 billion, a P/E ratio of -148.29, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week 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 company's 50-day simple moving average is $39.11 and its 200 day simple moving average is $35.96.

Five9 (NASDAQ:FIVN - Get Free Report) last released 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 business had revenue of $278.66 million for 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%. Research analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on FIVN shares. Wells Fargo & Company lowered 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. William Blair reiterated an "outperform" rating on shares of Five9 in a report on Friday, February 21st. Robert W. Baird boosted their target price on shares of Five9 from $40.00 to $43.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Morgan Stanley upped 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. Finally, Truist Financial reissued a "buy" rating and set a $65.00 target price on shares of Five9 in a research report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Five9 has a consensus rating of "Moderate Buy" and an average target price of $57.65.

Insider Activity

In other news, CAO Leena Mansharamani sold 1,517 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $50,409.91. Following the completion of the sale, the chief accounting officer now owns 48,300 shares of the company's stock, valued at $1,605,009. This represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Andy Dignan sold 2,840 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $94,373.20. Following the completion of the sale, the chief operating officer now directly owns 194,201 shares in the company, valued at $6,453,299.23. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,039 shares of company stock valued at $930,029 in the last ninety days. 1.80% of the stock is owned by insiders.

Five9 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.