Ameriprise Financial Inc. Purchases 1,867,137 Shares of Five9, Inc. (NASDAQ:FIVN)

Ameriprise Financial Inc. lifted its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 353.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,395,566 shares of the software maker's stock after acquiring an additional 1,867,137 shares during the quarter. Ameriprise Financial Inc. owned approximately 3.19% of Five9 worth $97,356,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the transaction, the executive vice president now owns 126,359 shares of the company's stock, valued at approximately $4,220,390.60. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the transaction, the chief executive officer now directly owns 404,056 shares in the company, valued at approximately $14,396,515.28. This represents a 3.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,574 shares of company stock valued at $1,004,346 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Five9 Stock Performance

Shares of NASDAQ:FIVN traded up $1.53 during midday trading on Monday, reaching $28.05. 1,508,511 shares of the company's stock traded hands, compared to its average volume of 1,661,849. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -140.24, a P/E/G ratio of 9.41 and a beta of 1.23. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9, Inc. has a one year low of $21.04 and a one year high of $55.45. The stock has a 50 day moving average of $26.44 and a 200 day moving average of $34.74.

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

Analyst Ratings Changes

FIVN has been the topic of several recent research reports. Morgan Stanley reduced their price target 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. Mizuho reduced their price target on Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Evercore ISI reduced their price target on Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company reduced their price target on Five9 from $45.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 price target on shares of Five9 in a research note on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $43.58.

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.