Segall Bryant & Hamill LLC Has $8.76 Million Stake in Five9, Inc. (NASDAQ:FIVN)

Segall Bryant & Hamill LLC raised its stake in Five9, Inc. (NASDAQ:FIVN - Free Report) by 67.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 215,516 shares of the software maker's stock after purchasing an additional 87,099 shares during the period. Segall Bryant & Hamill LLC owned 0.29% of Five9 worth $8,759,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Lindbrook Capital LLC grew its holdings in Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after buying an additional 520 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after acquiring an additional 1,315 shares during the period. Quest Partners LLC acquired a new position in shares of Five9 in the third quarter valued at about $95,000. Venturi Wealth Management LLC increased its position in Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after acquiring an additional 2,571 shares during the period. Finally, FNY Investment Advisers LLC raised its stake in Five9 by 324.8% in the 4th 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. 96.64% of the stock is owned by institutional investors.

Five9 Price Performance

FIVN stock traded down $0.60 during trading on Monday, reaching $27.15. 1,798,837 shares of the company were exchanged, compared to its average volume of 1,560,350. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of -135.74, a P/E/G ratio of 9.41 and a beta of 1.01. 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 has a 50-day moving average of $36.31 and a two-hundred day moving average of $35.84. Five9, Inc. has a twelve month low of $26.48 and a twelve month high of $63.30.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FIVN. Rosenblatt Securities restated a "buy" rating and set a $58.00 target price on shares of Five9 in a research report on Thursday, March 20th. Royal Bank of Canada reissued an "outperform" rating and set a $65.00 price target on shares of Five9 in a research report on Wednesday, March 19th. Barclays raised their price objective on Five9 from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Truist Financial reiterated a "buy" rating and set a $65.00 target price on shares of Five9 in a research report on Tuesday, December 17th. Finally, Piper Sandler increased their target price on Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $56.76.

Insider Activity

In related news, CAO Leena Mansharamani sold 1,135 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,165 shares of the company's stock, valued at $1,424,383. This trade represents a 2.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Andy Dignan sold 2,840 shares of Five9 stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $94,373.20. Following the transaction, the chief operating officer now directly owns 194,201 shares in the company, valued at $6,453,299.23. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,874 shares of company stock valued at $985,446. 1.80% of the stock is currently owned by corporate insiders.

Five9 Company 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.