Lecap Asset Management Ltd. purchased a new stake in Five9, Inc. (NASDAQ:FIVN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 51,647 shares of the software maker's stock, valued at approximately $1,402,000. Lecap Asset Management Ltd. owned 0.07% of Five9 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its position in Five9 by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker's stock valued at $156,000 after acquiring an additional 365 shares during the period. Arizona State Retirement System increased its position in Five9 by 2.0% in the 4th quarter. Arizona State Retirement System now owns 21,694 shares of the software maker's stock valued at $882,000 after acquiring an additional 424 shares during the period. Lindbrook Capital LLC increased its position 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 acquiring an additional 520 shares during the period. Xponance Inc. increased its position in Five9 by 6.1% in the 4th quarter. Xponance Inc. now owns 9,421 shares of the software maker's stock valued at $383,000 after acquiring an additional 539 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in Five9 by 1.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker's stock valued at $1,325,000 after acquiring an additional 590 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.
Five9 Stock Up 0.3%
Shares of NASDAQ FIVN traded up $0.09 during mid-day trading on Friday, reaching $26.74. 12,757,851 shares of the company's stock traded hands, compared to its average volume of 1,745,348. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.02 and a quick ratio of 2.02. The business has a 50-day simple moving average of $26.62 and a 200 day simple moving average of $32.33. The stock has a market cap of $2.04 billion, a P/E ratio of -297.08, a PEG ratio of 2.55 and a beta of 1.20. Five9, Inc. has a 1-year low of $21.04 and a 1-year high of $49.90.
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. Five9 had a negative net margin of 0.48% and a positive return on equity of 6.06%. The business had revenue of $279.71 million for the quarter, compared to analysts' expectations of $272.26 million. During the same quarter last year, the firm earned $0.48 EPS. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts expect that Five9, Inc. will post 0.28 EPS for the current fiscal year.
Analyst Ratings Changes
FIVN has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Barclays lowered their target price on shares of Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Needham & Company LLC lowered their target price on shares of Five9 from $52.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. UBS Group lowered their target price on shares of Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Rosenblatt Securities reissued a "buy" rating and set a $36.00 target price on shares of Five9 in a research note on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.15.
Get Our Latest Stock Analysis on FIVN
Insider Activity at Five9
In related news, CEO Michael Burkland sold 12,594 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $27.17, for a total value of $342,178.98. Following the transaction, the chief executive officer now owns 391,462 shares of the company's stock, valued at approximately $10,636,022.54. This trade represents a 3.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Leena Mansharamani sold 2,938 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $27.83, for a total transaction of $81,764.54. Following the transaction, the chief accounting officer now owns 44,901 shares in the company, valued at approximately $1,249,594.83. This trade represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,866 shares of company stock valued at $913,434. 1.60% of the stock is owned by corporate insiders.
Five9 Profile
(
Free Report)
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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