Advisor Resource Council Invests $1.89 Million in Five9, Inc. (NASDAQ:FIVN)

Advisor Resource Council bought a new stake in Five9, Inc. (NASDAQ:FIVN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 75,615 shares of the software maker's stock, valued at approximately $1,885,000. Advisor Resource Council owned 0.10% of Five9 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lindbrook Capital LLC boosted its stake in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after purchasing an additional 520 shares during the period. Banque Transatlantique SA purchased a new position in shares of Five9 during the fourth quarter valued at approximately $36,000. Johnson Financial Group Inc. purchased a new position in shares of Five9 during the fourth quarter valued at approximately $47,000. Steward Partners Investment Advisory LLC grew its stake 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 buying an additional 1,315 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after buying an additional 2,571 shares during the period. Hedge funds and other institutional investors own 96.64% of the company's stock.

Five9 Stock Down 1.9%

Shares of NASDAQ:FIVN traded down $0.51 during trading on Friday, reaching $26.85. The stock had a trading volume of 1,240,503 shares, compared to its average volume of 1,693,614. 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 company has a market capitalization of $2.05 billion, a P/E ratio of -298.30, a PEG ratio of 2.56 and a beta of 1.20. The firm's 50-day simple moving average is $26.22 and its 200 day simple moving average is $32.81. Five9, Inc. has a one year low of $21.04 and a one 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, topping 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 analyst estimates of $272.26 million. During the same period in the previous year, the company earned $0.48 earnings per share. The business's revenue for the quarter was up 13.2% on a year-over-year basis. As a group, research analysts expect that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FIVN shares. Needham & Company LLC dropped their price objective on Five9 from $52.00 to $40.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Royal Bank Of Canada boosted their target price on shares of Five9 from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Mizuho reduced their price target on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. William Blair reissued an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. Finally, KeyCorp started coverage on shares of Five9 in a research note on Friday, June 6th. They issued an "overweight" rating and a $35.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.15.

Insider Buying and Selling at Five9

In related news, CEO Michael Burkland sold 5,475 shares of the company'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 $154,833.00. Following the transaction, the chief executive officer now directly owns 385,987 shares of the company's stock, valued at $10,915,712.36. This represents a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Panos Kozanian sold 3,816 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 $107,916.48. Following the completion of the transaction, the executive vice president now owns 123,218 shares of the company's stock, valued at $3,484,605.04. This trade represents a 3.00% decrease in their position. 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 owned by insiders.

Five9 Company 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.