Y Intercept Hong Kong Ltd Has $686,000 Stock Holdings in Five9, Inc. (NASDAQ:FIVN)

Y Intercept Hong Kong Ltd cut its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 79.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,884 shares of the software maker's stock after selling 67,228 shares during the period. Y Intercept Hong Kong Ltd's holdings in Five9 were worth $686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIVN. FMR LLC raised its position 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 worth $320,620,000 after purchasing an additional 259,820 shares during the period. Massachusetts Financial Services Co. MA raised 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 worth $47,919,000 after buying an additional 210,836 shares during the period. Fisher Asset Management LLC raised its holdings 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 buying an additional 98,543 shares during the period. Potrero Capital Research LLC bought a new position in Five9 in the third quarter valued at approximately $15,610,000. Finally, WCM Investment Management LLC boosted its holdings in shares of 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 buying an additional 138,019 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction on Wednesday, December 4th. The stock was 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 owns 69,009 shares of the company's stock, valued at approximately $2,904,588.81. This trade represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Leena Mansharamani sold 1,346 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total transaction of $55,630.18. Following the completion of the sale, the chief accounting officer now directly owns 35,526 shares of the company's stock, valued at approximately $1,468,289.58. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,410 shares of company stock valued at $687,887. Insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

FIVN has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective 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. DA Davidson lifted their price target on Five9 from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. William Blair reaffirmed an "outperform" rating on shares of Five9 in a research report on Friday, February 21st. Rosenblatt Securities increased their price objective on Five9 from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Piper Sandler boosted their target price on Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $57.65.

Five9 Stock Performance

Shares of FIVN stock traded down $0.58 during trading on Tuesday, reaching $33.90. 1,509,537 shares of the company's stock were exchanged, compared to its average volume of 1,610,072. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $63.79. The firm's fifty day moving average price is $40.02 and its 200-day moving average price is $36.00. 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 stock has a market capitalization of $2.57 billion, a PE ratio of -169.64, a PEG ratio of 9.41 and a beta of 0.93.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). The company had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. As a group, sell-side 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.