9,600 Shares in Five9, Inc. (NASDAQ:FIVN) Purchased by Ceera Investments LLC

Ceera Investments LLC purchased a new stake in Five9, Inc. (NASDAQ:FIVN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,600 shares of the software maker's stock, valued at approximately $261,000.

A number of other hedge funds have also recently bought and sold shares of the business. Lindbrook Capital LLC raised its stake in shares of 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 purchasing an additional 520 shares in the last quarter. Banque Transatlantique SA acquired a new stake in Five9 in the fourth quarter worth $36,000. Johnson Financial Group Inc. acquired a new position in Five9 during the 4th quarter valued at about $47,000. Steward Partners Investment Advisory LLC increased its holdings in shares of 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 valued at $54,000 after purchasing an additional 1,315 shares during the period. Finally, Conquis Financial LLC bought a new position in shares of Five9 in the fourth quarter valued at approximately $122,000. Institutional investors and hedge funds own 96.64% of the company's stock.

Insider Buying and Selling at Five9

In other news, EVP Panos Kozanian sold 3,816 shares of the business's stock in a transaction that occurred on 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 directly owned 123,218 shares in the company, valued at approximately $3,484,605.04. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Bryan M. Lee sold 1,798 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total value of $50,847.44. Following the completion of the transaction, the chief financial officer directly owned 126,468 shares of the company's stock, valued at approximately $3,576,515.04. This trade represents a 1.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,866 shares of company stock valued at $913,042 in the last three months. Company insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on FIVN. William Blair reaffirmed an "outperform" rating on shares of Five9 in a report on Thursday, March 13th. KeyCorp initiated coverage on Five9 in a research report on Friday, June 6th. They set an "overweight" rating and a $35.00 target price on the stock. Mizuho reduced their target price on Five9 from $55.00 to $42.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. UBS Group dropped 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. Finally, Morgan Stanley cut their price objective on Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.15.

Five9 Stock Up 3.2%

FIVN stock opened at $27.59 on Friday. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.12. The firm has a market cap of $2.10 billion, a PE ratio of -306.52, a PEG ratio of 2.64 and a beta of 1.19. The company has a fifty day simple moving average of $26.94 and a 200 day simple moving average of $31.97. 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 released its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $279.71 million during the quarter, compared to analysts' expectations of $272.26 million. During the same period in the prior year, the company earned $0.48 earnings per share. The business's quarterly revenue was up 13.2% compared to the same quarter last year. Sell-side analysts anticipate that Five9, Inc. will post 0.28 EPS for the current fiscal 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.

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