Balyasny Asset Management L.P. Invests $10.15 Million in Five9, Inc. (NASDAQ:FIVN)

Balyasny Asset Management L.P. acquired a new stake in Five9, Inc. (NASDAQ:FIVN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 249,803 shares of the software maker's stock, valued at approximately $10,152,000. Balyasny Asset Management L.P. owned about 0.33% of Five9 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC increased its holdings in Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after acquiring an additional 520 shares during the period. Banque Transatlantique SA purchased a new position in shares of Five9 during the fourth quarter worth approximately $36,000. Johnson Financial Group Inc. purchased a new position in shares of Five9 during the fourth quarter worth approximately $47,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Venturi Wealth Management LLC grew 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 purchasing an additional 2,571 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.

Five9 Stock Performance

Shares of NASDAQ:FIVN traded up $1.53 during trading on Monday, hitting $28.05. The stock had a trading volume of 1,508,511 shares, compared to its average volume of 1,661,849. Five9, Inc. has a 12-month low of $21.04 and a 12-month high of $55.45. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -140.24, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23. 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 50-day simple moving average of $26.44 and a two-hundred day simple 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 for the quarter, beating the consensus estimate of $0.48 by $0.14. The company had revenue of $279.71 million during 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%. Five9's quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the business earned $0.48 earnings per share. On average, equities research analysts expect that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Royal Bank of Canada raised their price objective on Five9 from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Piper Sandler raised their price objective on shares of Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Jefferies Financial Group lowered their target price on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 price target on shares of Five9 in a report on Friday, May 2nd. Finally, Morgan Stanley lowered their price target on shares of Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.58.

Insider Activity at Five9

In other Five9 news, CEO Michael Burkland sold 12,595 shares of the firm'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 directly owns 404,056 shares of the company's stock, valued at approximately $14,396,515.28. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Leena Mansharamani sold 1,517 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $50,409.91. Following the completion of the sale, the chief accounting officer now directly owns 48,300 shares in the company, valued at approximately $1,605,009. The trade was a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,574 shares of company stock worth $1,004,346. 1.60% of the stock is owned by corporate insiders.

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.