Five9, Inc. (NASDAQ:FIVN) Holdings Boosted by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 50.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,783,870 shares of the software maker's stock after buying an additional 601,348 shares during the period. Wellington Management Group LLP owned 2.37% of Five9 worth $72,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Five9 in the 4th quarter valued at approximately $81,280,000. Loomis Sayles & Co. L P increased its position in Five9 by 20.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 470,909 shares of the software maker's stock valued at $19,138,000 after acquiring an additional 80,689 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Five9 by 67.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 215,516 shares of the software maker's stock valued at $8,759,000 after purchasing an additional 87,099 shares during the last quarter. Summit Creek Advisors LLC boosted its stake in Five9 by 24.1% during the 4th quarter. Summit Creek Advisors LLC now owns 216,882 shares of the software maker's stock worth $8,814,000 after acquiring an additional 42,146 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of Five9 in the fourth quarter valued at approximately $328,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Five9

In related news, CAO Leena Mansharamani sold 1,135 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the sale, the chief accounting officer now directly owns 47,165 shares of the company's stock, valued at approximately $1,424,383. This represents a 2.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the transaction, the executive vice president now directly owns 126,359 shares of the company's stock, valued at approximately $4,220,390.60. The trade was a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,574 shares of company stock valued at $1,004,346. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FIVN shares. Morgan Stanley boosted their target price 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. Needham & Company LLC restated a "buy" rating and set a $52.00 price target on shares of Five9 in a report on Friday, April 4th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Five9 in a report on Wednesday, April 2nd. Royal Bank of Canada reissued an "outperform" rating and issued a $65.00 price target on shares of Five9 in a research report on Wednesday, March 19th. Finally, Barclays lifted their price objective on Five9 from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $56.76.

Five9 Trading Down 8.1 %

Five9 stock traded down $2.05 during mid-day trading on Thursday, hitting $23.22. The company's stock had a trading volume of 258,311 shares, compared to its average volume of 1,588,938. The firm has a market capitalization of $1.76 billion, a PE ratio of -116.30, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $62.42. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The stock's fifty day moving average is $33.45 and its two-hundred day moving average is $35.49.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings data 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). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The company had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. On average, analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.

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.