Alyeska Investment Group L.P. Sells 1,216,841 Shares of Five9, Inc. (NASDAQ:FIVN)

Alyeska Investment Group L.P. lessened its stake in Five9, Inc. (NASDAQ:FIVN - Free Report) by 27.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,183,415 shares of the software maker's stock after selling 1,216,841 shares during the quarter. Alyeska Investment Group L.P. owned approximately 4.23% of Five9 worth $129,374,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Lindbrook Capital LLC raised its position in shares of Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after purchasing an additional 520 shares during the period. Johnson Financial Group Inc. purchased a new stake in Five9 during the 4th quarter worth about $47,000. Steward Partners Investment Advisory LLC grew its holdings in Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after buying an additional 1,315 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after buying an additional 2,571 shares in the last quarter. Finally, Conquis Financial LLC purchased a new position in Five9 during the fourth quarter valued at approximately $122,000. Hedge funds and other institutional investors own 96.64% of the company's stock.

Five9 Trading Down 1.6 %

Shares of NASDAQ:FIVN traded down $0.40 during midday trading on Tuesday, hitting $24.84. 1,635,046 shares of the stock traded hands, compared to its average volume of 1,653,932. 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 $1.89 billion, a PE ratio of -124.19, a P/E/G ratio of 9.41 and a beta of 1.23. Five9, Inc. has a one year low of $21.04 and a one year high of $57.33. The business's 50 day moving average is $27.20 and its two-hundred day moving average is $34.87.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.14. The firm had revenue of $279.71 million for the quarter, compared to analysts' expectations of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business's revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. As a group, research analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

Analyst Ratings Changes

FIVN has been the subject of a number of recent analyst reports. Needham & Company LLC reduced their price target on shares of Five9 from $52.00 to $40.00 and set a "buy" rating for the company in a research report on Friday. Morgan Stanley decreased their target price on Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Jefferies Financial Group cut their price objective on Five9 from $45.00 to $28.00 and set a "hold" rating for the company in a report on Monday, April 28th. Mizuho decreased their price objective on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Barclays dropped their target price on shares of Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.58.

Insider Transactions at Five9

In other news, CAO Leena Mansharamani sold 1,135 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the sale, the chief accounting officer now directly owns 47,165 shares of the company's stock, valued at $1,424,383. The trade was a 2.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Andy Dignan sold 2,840 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $94,373.20. Following the completion of the sale, the chief operating officer now owns 194,201 shares in the company, valued at $6,453,299.23. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,574 shares of company stock valued at $1,004,346. Corporate insiders own 1.60% of the company's stock.

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.