Royce & Associates LP Acquires 33,760 Shares of Five9, Inc. (NASDAQ:FIVN)

Key Points

• Royce & Associates LP increased its stake in Five9, Inc. by 10.2%, owning approximately 0.48% of the company with a total value of about $9.87 million.
• Five9 reported earnings of $0.62 per share for the latest quarter, exceeding analysts' expectations by $0.14 and showing a 13.2% year-over-year revenue growth.
• Institutional investors control 96.64% of Five9's stock, with significant changes in holdings noted from firms like Norges Bank and Ameriprise Financial Inc.

Royce & Associates LP grew its holdings in Five9, Inc. (NASDAQ:FIVN - Free Report) by 10.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 363,520 shares of the software maker's stock after buying an additional 33,760 shares during the period. Royce & Associates LP owned approximately 0.48% of Five9 worth $9,870,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wakefield Asset Management LLLP bought a new stake in Five9 during the 1st quarter valued at about $939,000. Y Intercept Hong Kong Ltd raised its stake in shares of Five9 by 28.0% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 21,612 shares of the software maker's stock worth $587,000 after acquiring an additional 4,728 shares in the last quarter. Napatree Capital LLC bought a new position in shares of Five9 during the 1st quarter worth approximately $659,000. Segall Bryant & Hamill LLC increased its stake in Five9 by 254.2% during the 1st quarter. Segall Bryant & Hamill LLC now owns 763,310 shares of the software maker's stock valued at $20,724,000 after purchasing an additional 547,794 shares in the last quarter. Finally, Xponance Inc. raised its holdings in shares of Five9 by 4.4% in the first quarter. Xponance Inc. now owns 9,835 shares of the software maker's stock worth $267,000 after buying an additional 414 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Five9

In other Five9 news, CFO Bryan M. Lee sold 1,798 shares of Five9 stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total value of $50,847.44. Following the transaction, the chief financial officer owned 126,468 shares in the company, valued at $3,576,515.04. The trade was a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Burkland sold 12,594 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $27.17, for a total value of $342,178.98. Following the sale, the chief executive officer owned 391,462 shares in the company, valued at approximately $10,636,022.54. This trade 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 have sold 32,866 shares of company stock valued at $913,042. Company insiders own 1.60% of the company's stock.

Analyst Ratings Changes

FIVN has been the topic of several recent research reports. Royal Bank Of Canada upped their price objective on shares of Five9 from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Morgan Stanley decreased their price objective on shares of Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. UBS Group reduced their target price on shares of Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 target price on shares of Five9 in a research report on Tuesday, May 13th. Finally, Mizuho decreased their price objective on Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.05.

Five9 Stock Down 4.5%

Shares of FIVN traded down $1.32 during mid-day trading on Tuesday, hitting $27.83. 521,196 shares of the company's stock were exchanged, compared to its average volume of 1,834,550. Five9, Inc. has a 52 week low of $21.04 and a 52 week high of $49.90. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.02 and a quick ratio of 2.02. The company has a 50-day simple moving average of $27.42 and a 200 day simple moving average of $30.26. The company has a market cap of $2.12 billion, a PE ratio of -309.08, a P/E/G ratio of 2.75 and a beta of 1.19.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.14. Five9 had a positive return on equity of 6.06% and a negative net margin of 0.48%. The business had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. During the same quarter last year, the firm posted $0.48 EPS. The company's quarterly revenue was up 13.2% on a year-over-year basis. On average, research analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

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.