581,109 Shares in Five9, Inc. (NASDAQ:FIVN) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 581,109 shares of the software maker's stock, valued at approximately $15,777,000. Assenagon Asset Management S.A. owned approximately 0.77% of Five9 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of FIVN. Norges Bank acquired a new stake in Five9 during the 4th quarter valued at $81,280,000. Ameriprise Financial Inc. lifted its holdings 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 worth $97,356,000 after buying an additional 1,867,137 shares in the last quarter. Sylebra Capital LLC lifted its holdings in shares of Five9 by 59.4% during the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock worth $152,228,000 after buying an additional 1,396,496 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Five9 during the fourth quarter worth $51,061,000. Finally, Wellington Management Group LLP increased its position in shares of Five9 by 50.9% in the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock worth $72,496,000 after purchasing an additional 601,348 shares during the period. 96.64% of the stock is owned by institutional investors.

Five9 Price Performance

Shares of NASDAQ FIVN traded down $1.10 during trading hours on Friday, reaching $26.65. 1,181,197 shares of the stock traded hands, compared to its average volume of 1,696,487. The company's 50-day simple moving average is $25.86 and its two-hundred day simple moving average is $33.37. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 52-week low of $21.04 and a 52-week high of $49.90. The company has a market capitalization of $2.03 billion, a P/E ratio of -133.24, a price-to-earnings-growth ratio of 9.41 and a beta of 1.20.

Five9 (NASDAQ:FIVN - Get Free Report) last posted 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 positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $279.71 million for the quarter, compared to analyst estimates of $272.26 million. During the same period last year, the company earned $0.48 EPS. Five9's revenue for the quarter was up 13.2% compared to the same quarter last year. Equities research analysts forecast that Five9, Inc. will post 0.28 EPS for the current year.

Insider Activity at Five9

In related news, 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 sale, the executive vice president now directly owns 123,218 shares in the company, valued at $3,484,605.04. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Burkland sold 12,594 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $27.17, for a total value of $342,178.98. Following the completion of the sale, the chief executive officer now owns 391,462 shares of the company's stock, valued at approximately $10,636,022.54. This represents a 3.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,866 shares of company stock worth $913,434. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on FIVN shares. Royal Bank of Canada lifted their target price on Five9 from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Rosenblatt Securities restated a "buy" rating and set a $36.00 price target on shares of Five9 in a report on Tuesday, May 13th. Wells Fargo & Company cut 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. William Blair reaffirmed an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Finally, Piper Sandler lifted their price objective on Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Five9 presently has a consensus rating of "Moderate Buy" and an average price target of $43.15.

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.