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Five9, Inc. (NASDAQ:FIVN) Shares Sold by Bank of New York Mellon Corp

Five9 logo with Computer and Technology background

Bank of New York Mellon Corp lessened its stake in Five9, Inc. (NASDAQ:FIVN - Free Report) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 402,281 shares of the software maker's stock after selling 30,274 shares during the quarter. Bank of New York Mellon Corp owned about 0.53% of Five9 worth $10,922,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in shares of 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 purchasing an additional 365 shares during the last quarter. Xponance Inc. boosted its holdings in shares of 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 purchasing an additional 539 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of 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 purchasing an additional 590 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Five9 by 3.6% in the 4th quarter. Wells Fargo & Company MN now owns 24,779 shares of the software maker's stock valued at $1,007,000 after purchasing an additional 852 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new position in shares of Five9 in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 96.64% of the company's stock.

Five9 Stock Performance

Shares of NASDAQ:FIVN traded down $0.53 during trading on Thursday, reaching $28.63. 1,035,596 shares of the company's stock traded hands, compared to its average volume of 2,398,671. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.02 and a quick ratio of 2.02. Five9, Inc. has a 12 month low of $21.04 and a 12 month high of $49.90. The company has a 50 day moving average of $27.37 and a 200-day moving average of $30.51. The stock has a market capitalization of $2.18 billion, a P/E ratio of -318.08, a price-to-earnings-growth ratio of 2.78 and a beta of 1.19.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 earnings per share 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 business had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts expect that Five9, Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FIVN shares. Needham & Company LLC cut their target price on shares of Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Mizuho reduced their target price on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a report on Wednesday, April 2nd. Wells Fargo & Company reduced their target price on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Evercore ISI reduced their target price on shares of Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.05.

View Our Latest Stock Report on FIVN

Insider Activity

In other Five9 news, CFO Bryan M. Lee sold 1,798 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total transaction 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 $3,576,515.04. The trade was a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Leena Mansharamani sold 2,938 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $27.83, for a total transaction of $81,764.54. Following the transaction, the chief accounting officer directly owned 44,901 shares of the company's stock, valued at $1,249,594.83. The trade was a 6.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,866 shares of company stock worth $913,042 over the last three months. Insiders own 1.60% of the company's stock.

About Five9

(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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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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