Royce & Associates LP Grows Position in Five9, Inc. (NASDAQ:FIVN)

Royce & Associates LP lifted its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 1,219.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 329,760 shares of the software maker's stock after purchasing an additional 304,760 shares during the period. Royce & Associates LP owned about 0.44% of Five9 worth $13,401,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in FIVN. FMR LLC grew 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 valued at $320,620,000 after buying an additional 259,820 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Five9 by 14.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker's stock valued at $47,919,000 after acquiring an additional 210,836 shares during the period. Fisher Asset Management LLC grew its position in Five9 by 14.9% during the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker's stock worth $21,891,000 after acquiring an additional 98,543 shares during the last quarter. Potrero Capital Research LLC bought a new stake in Five9 in the third quarter valued at approximately $15,610,000. Finally, WCM Investment Management LLC lifted its position in Five9 by 35.9% in the fourth quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker's stock valued at $21,281,000 after purchasing an additional 138,019 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company's stock.

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Five9 Stock Performance

Shares of NASDAQ FIVN traded up $0.51 during midday trading on Friday, hitting $30.14. 1,318,567 shares of the company's stock traded hands, compared to its average volume of 1,525,856. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of -150.69, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. The firm has a fifty day moving average of $37.42 and a 200 day moving average of $35.73. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $63.79.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. On average, analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Buying and Selling at Five9

In other news, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the sale, the executive vice president now directly owns 126,359 shares of the company's stock, valued at $4,220,390.60. This represents a 5.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total transaction of $448,759.85. Following the sale, the chief executive officer now owns 404,056 shares in the company, valued at $14,396,515.28. The trade was a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,874 shares of company stock valued at $985,446. Company insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on FIVN. Rosenblatt Securities reaffirmed a "buy" rating and issued a $58.00 target price on shares of Five9 in a research note on Thursday. Morgan Stanley raised their price target on shares of Five9 from $40.00 to $46.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. Barclays upped their price objective on shares of Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Royal Bank of Canada reissued an "outperform" rating and issued a $65.00 target price on shares of Five9 in a research note on Wednesday. Finally, Cantor Fitzgerald boosted their price target on Five9 from $46.00 to $57.00 and gave the company an "overweight" rating in a report on Friday, February 21st. 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 data from MarketBeat, Five9 presently has a consensus rating of "Moderate Buy" and an average price target of $56.76.

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.