SG Americas Securities LLC Has $448,000 Stock Position in Five9, Inc. (NASDAQ:FIVN)

SG Americas Securities LLC lowered its position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 77.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,032 shares of the software maker's stock after selling 38,699 shares during the period. SG Americas Securities LLC's holdings in Five9 were worth $448,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FIVN. Signaturefd LLC lifted its stake in Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker's stock worth $30,000 after acquiring an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Five9 in the 2nd quarter worth $57,000. FNY Investment Advisers LLC boosted its stake in shares of Five9 by 324.8% during the 4th 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 in the last quarter. Quest Partners LLC bought a new position in Five9 in the third quarter worth $95,000. Finally, nVerses Capital LLC purchased a new position in Five9 during the 3rd quarter valued at about $141,000. Institutional investors own 96.64% of the company's stock.

Five9 Trading Down 2.0 %

NASDAQ FIVN traded down $0.85 during trading on Thursday, hitting $41.97. The stock had a trading volume of 814,169 shares, compared to its average volume of 1,164,828. The company has a market capitalization of $3.16 billion, a PE ratio of -83.94, a PEG ratio of 9.25 and a beta of 0.93. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $79.43. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a 50 day moving average price of $40.76 and a 200 day moving average price of $36.07.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The software maker reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.43). Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. The firm had revenue of $264.18 million for the quarter, compared to analysts' expectations of $254.82 million. During the same period last year, the firm posted ($0.21) earnings per share. As a group, equities research analysts forecast that Five9, Inc. will post 0.11 earnings per share for the current year.

Insider Activity at Five9

In other Five9 news, CEO Michael Burkland sold 12,594 shares of Five9 stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total value of $521,391.60. Following the transaction, the chief executive officer now directly owns 240,894 shares in the company, valued at approximately $9,973,011.60. This trade represents a 4.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total transaction of $320,683.71. Following the completion of the sale, the executive vice president now directly owns 69,009 shares in the company, valued at approximately $2,904,588.81. The trade was a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,004 shares of company stock valued at $1,209,279 in the last three months. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. DA Davidson upped their price target on shares of Five9 from $40.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Truist Financial reissued a "buy" rating and issued a $65.00 target price on shares of Five9 in a research report on Tuesday, December 17th. Morgan Stanley lifted their price target on shares of Five9 from $40.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 18th. Rosenblatt Securities upped their price target on Five9 from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, Cantor Fitzgerald assumed coverage on shares of Five9 in a research report on Friday, January 17th. They set an "overweight" rating and a $46.00 price objective on the stock. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $57.50.

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.