Summit Creek Advisors LLC boosted its stake in Five9, Inc. (NASDAQ:FIVN - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 216,882 shares of the software maker's stock after purchasing an additional 42,146 shares during the quarter. Summit Creek Advisors LLC owned about 0.29% of Five9 worth $8,814,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Natixis Advisors LLC acquired a new position in shares of Five9 in the 3rd quarter valued at approximately $679,000. Quest Partners LLC bought a new position in Five9 in the third quarter valued at approximately $95,000. Citizens Financial Group Inc. RI acquired a new position in Five9 during the third quarter valued at approximately $309,000. Intech Investment Management LLC bought a new stake in Five9 during the third quarter worth $281,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Five9 by 14.5% in 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 purchasing an additional 210,836 shares in the last quarter. Institutional investors own 96.64% of the company's stock.
Five9 Trading Down 5.4 %
Shares of NASDAQ:FIVN traded down $1.57 during mid-day trading on Friday, hitting $27.75. The company had a trading volume of 1,386,058 shares, compared to its average volume of 1,559,395. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9, Inc. has a one year low of $26.60 and a one year high of $63.30. The firm has a fifty day moving average price of $36.51 and a 200 day moving average price of $35.72. The company has a market capitalization of $2.10 billion, a PE ratio of -138.74, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01.
Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $278.66 million during the quarter, compared to analysts' expectations of $267.70 million. As a group, research analysts forecast that Five9, Inc. will post 0.28 EPS for the current year.
Insiders Place Their Bets
In related news, CEO Michael Burkland sold 12,595 shares of the company's stock in a transaction that occurred 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 owns 404,056 shares in the company, valued at $14,396,515.28. This represents a 3.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the transaction, the executive vice president now owns 126,359 shares of the company's stock, valued at $4,220,390.60. This represents a 5.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,874 shares of company stock worth $985,446. Company insiders own 1.80% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Morgan Stanley boosted their price target on Five9 from $40.00 to $46.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. William Blair reissued an "outperform" rating on shares of Five9 in a report on Thursday, March 13th. Truist Financial reaffirmed a "buy" rating and set a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Rosenblatt Securities reissued a "buy" rating and issued a $58.00 price objective on shares of Five9 in a research note on Thursday, March 20th. Finally, Barclays increased their target price on Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Five9 currently has a consensus rating of "Moderate Buy" and an average price target of $56.76.
Read Our Latest Analysis on FIVN
About Five9
(
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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