Moody National Bank Trust Division Takes $423,000 Position in Five9, Inc. (NASDAQ:FIVN)

Moody National Bank Trust Division bought a new stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,573 shares of the software maker's stock, valued at approximately $423,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FIVN. Sylebra Capital LLC grew its holdings in shares of Five9 by 59.4% in the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock valued at $152,228,000 after purchasing an additional 1,396,496 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Five9 by 353.3% during 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 during the period. Norges Bank purchased a new position in Five9 in the fourth quarter valued at about $81,280,000. Wellington Management Group LLP grew its stake in Five9 by 50.9% in the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock valued at $72,496,000 after purchasing an additional 601,348 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Five9 by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 1,317,450 shares of the software maker's stock valued at $53,558,000 after purchasing an additional 105,265 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company's stock.

Insider Transactions at Five9

In other Five9 news, CEO Michael Burkland sold 12,594 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $27.17, for a total transaction of $342,178.98. Following the completion of the sale, the chief executive officer now directly owns 391,462 shares in the company, valued at $10,636,022.54. This trade represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Leena Mansharamani sold 1,135 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the transaction, the chief accounting officer now owns 47,165 shares in the company, valued at approximately $1,424,383. This trade represents a 2.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,604 shares of company stock worth $571,329 in the last three months. Insiders own 1.60% of the company's stock.

Five9 Price Performance

NASDAQ FIVN traded down $0.54 during trading on Thursday, reaching $28.55. 1,696,653 shares of the company traded hands, compared to its average volume of 1,693,421. Five9, Inc. has a 1-year low of $21.04 and a 1-year high of $49.90. The stock's 50 day moving average price is $25.35 and its two-hundred day moving average price is $33.94. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $2.18 billion, a price-to-earnings ratio of -142.74, a P/E/G ratio of 9.41 and a beta of 1.23.

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

Analyst Ratings Changes

FIVN has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Five9 in a report on Wednesday, April 2nd. Barclays dropped their price target on Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Royal Bank of Canada boosted their price target on Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Wells Fargo & Company dropped their target price on Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Needham & Company LLC decreased their price target on Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.58.

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.