CANADA LIFE ASSURANCE Co Has $5.37 Million Position in Five9, Inc. (NASDAQ:FIVN)

CANADA LIFE ASSURANCE Co decreased its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 132,276 shares of the software maker's stock after selling 25,941 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.18% of Five9 worth $5,371,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Five9 in the 4th quarter valued at $81,280,000. Wellington Management Group LLP grew its position in shares of Five9 by 50.9% during the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock valued at $72,496,000 after acquiring an additional 601,348 shares during the period. Geode Capital Management LLC raised its holdings in Five9 by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 1,317,450 shares of the software maker's stock worth $53,558,000 after purchasing an additional 105,265 shares during the period. WCM Investment Management LLC grew its holdings in 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 purchasing an additional 138,019 shares during the period. Finally, Loomis Sayles & Co. L P raised its stake in shares of Five9 by 20.7% during the 4th quarter. Loomis Sayles & Co. L P now owns 470,909 shares of the software maker's stock worth $19,138,000 after buying an additional 80,689 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Trading Up 0.8 %

Shares of FIVN traded up $0.21 on Tuesday, hitting $25.33. 321,417 shares of the stock traded hands, compared to its average volume of 1,626,753. The firm has a market capitalization of $1.93 billion, a P/E ratio of -127.02, a P/E/G ratio of 9.41 and a beta of 1.29. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $60.76. The stock's 50 day moving average is $28.73 and its two-hundred day moving average is $35.05.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $278.66 million for the quarter, compared to analysts' expectations of $267.70 million. As a group, sell-side analysts predict that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Buying and Selling at Five9

In related news, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the sale, the chief accounting officer now directly owns 47,165 shares of the company's stock, valued at $1,424,383. This represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the firm's stock in a transaction 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 represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,574 shares of company stock worth $1,004,346 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FIVN has been the topic of several recent analyst reports. 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 report on Tuesday, April 15th. Barclays lifted their target price on shares of Five9 from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. Morgan Stanley dropped their price target on Five9 from $48.00 to $28.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, William Blair reaffirmed an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $50.17.

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.