Five9, Inc. (NASDAQ:FIVN) is Diker Management LLC's 4th Largest Position

Diker Management LLC grew its holdings in Five9, Inc. (NASDAQ:FIVN - Free Report) by 200.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 119,880 shares of the software maker's stock after buying an additional 80,000 shares during the period. Five9 accounts for about 4.2% of Diker Management LLC's holdings, making the stock its 4th biggest holding. Diker Management LLC owned 0.16% of Five9 worth $4,872,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FIVN. Ameriprise Financial Inc. grew its stake in shares of Five9 by 353.3% in the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker's stock valued at $97,356,000 after buying an additional 1,867,137 shares in the last quarter. Norges Bank acquired a new stake in Five9 during the 4th quarter worth approximately $81,280,000. Wellington Management Group LLP lifted its holdings in Five9 by 50.9% during the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock worth $72,496,000 after buying an additional 601,348 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Five9 by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 1,317,450 shares of the software maker's stock worth $53,558,000 after buying an additional 105,265 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in Five9 during the 4th quarter worth approximately $51,061,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FIVN has been the subject of a number of analyst reports. Barclays lowered their price objective on Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Mizuho cut 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. UBS Group cut their price target on Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company cut 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. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.58.

Insider Activity at Five9

In other news, COO Andy Dignan sold 2,840 shares of Five9 stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $94,373.20. Following the sale, the chief operating officer now owns 194,201 shares in the company, valued at $6,453,299.23. This trade represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total transaction of $448,759.85. Following the sale, the chief executive officer now owns 404,056 shares in the company, valued at $14,396,515.28. This represents a 3.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,574 shares of company stock worth $1,004,346. Corporate insiders own 1.60% of the company's stock.

Five9 Trading Up 1.6%

FIVN stock traded up $0.46 during trading on Tuesday, reaching $28.51. 533,480 shares of the stock traded hands, compared to its average volume of 1,657,449. The business's 50 day moving average price is $26.32 and its 200-day moving average price is $34.73. Five9, Inc. has a 52-week low of $21.04 and a 52-week high of $55.45. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $2.17 billion, a PE ratio of -142.54, a P/E/G ratio of 9.41 and a beta of 1.23.

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 the consensus estimate of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The firm had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. During the same period in the prior year, the firm earned $0.48 EPS. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

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.