Lecap Asset Management Ltd. Invests $1.40 Million in Five9, Inc. (NASDAQ:FIVN)

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 fund 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its position in shares of Five9 by 155.7% during 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. Banque Transatlantique SA acquired a new position in Five9 in the fourth quarter valued at about $36,000. Johnson Financial Group Inc. bought a new stake in Five9 during the fourth quarter worth about $47,000. Steward Partners Investment Advisory LLC grew its stake in Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after buying an additional 1,315 shares in the last quarter. Finally, Conquis Financial LLC bought a new position in Five9 in the 4th quarter valued at about $122,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group reduced their price target on shares of Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Mizuho reduced their target price on Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. 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 report on Friday, May 2nd. Wells Fargo & Company reduced their price objective 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. 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 research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.15.

Insiders Place Their Bets

In other Five9 news, CEO Michael Burkland sold 5,475 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total transaction of $154,833.00. Following the transaction, the chief executive officer now owns 385,987 shares in the company, valued at approximately $10,915,712.36. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Panos Kozanian sold 3,816 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total transaction of $107,916.48. Following the sale, the executive vice president now directly owns 123,218 shares of the company's stock, valued at approximately $3,484,605.04. The trade was a 3.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,866 shares of company stock worth $913,434. 1.60% of the stock is currently owned by company insiders.

Five9 Trading Up 0.3%

FIVN stock traded up $0.09 during trading on Friday, hitting $26.74. The company had a trading volume of 12,757,851 shares, compared to its average volume of 1,744,868. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.12. Five9, Inc. has a one year low of $21.04 and a one year high of $49.90. The business has a 50-day moving average of $26.54 and a 200-day moving average of $32.51. The stock has a market cap of $2.04 billion, a PE ratio of -297.08, a PEG ratio of 2.54 and a beta of 1.20.

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. The company had revenue of $279.71 million during the quarter, compared to analysts' expectations of $272.26 million. Five9 had a negative net margin of 0.48% and a positive return on equity of 6.06%. Five9's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 earnings per share. Research analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

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.