Brevan Howard Capital Management LP Acquires 23,185 Shares of Five9, Inc. (NASDAQ:FIVN)

Brevan Howard Capital Management LP grew its stake in Five9, Inc. (NASDAQ:FIVN - Free Report) by 241.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,770 shares of the software maker's stock after purchasing an additional 23,185 shares during the period. Brevan Howard Capital Management LP's holdings in Five9 were worth $1,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Lindbrook Capital LLC boosted its stake in Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after buying an additional 520 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Five9 in the 4th quarter valued at $36,000. Johnson Financial Group Inc. bought a new stake in shares of Five9 in the 4th quarter worth about $47,000. Steward Partners Investment Advisory LLC increased its position in shares of 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 worth $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Five9 by 3,955.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock valued at $107,000 after purchasing an additional 2,571 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Trading Up 1.4 %

NASDAQ FIVN opened at $25.19 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 12 month low of $21.04 and a 12 month high of $56.07. The company has a market capitalization of $1.92 billion, a PE ratio of -125.94, a P/E/G ratio of 9.41 and a beta of 1.23. The stock has a 50-day simple moving average of $26.74 and a 200 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 analysts' consensus estimates of $0.48 by $0.14. The business had revenue of $279.71 million for the quarter, compared to the consensus estimate of $272.26 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. Five9's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the company posted $0.48 EPS. Research analysts forecast that Five9, Inc. will post 0.28 EPS for the current year.

Insider Transactions at Five9

In other news, EVP Panos Kozanian sold 7,619 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the sale, the executive vice president now owns 126,359 shares of the company's stock, valued at $4,220,390.60. This trade represents a 5.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of the business's stock in a transaction that occurred on 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 owns 404,056 shares of the company's stock, valued at $14,396,515.28. This represents a 3.02 % decrease in their ownership of the stock. 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 three months. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FIVN. Wells Fargo & Company dropped their price objective on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Barclays dropped their price target on Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a report on Monday. Evercore ISI reduced their price objective on Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Rosenblatt Securities restated a "buy" rating and set a $36.00 target price on shares of Five9 in a report on Friday, May 2nd. Finally, UBS Group cut their price target on Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Five9 presently has an average rating of "Moderate Buy" and an average price target of $43.58.

About Five9

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.

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