Five9, Inc. (NASDAQ:FIVN) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP grew its holdings in Five9, Inc. (NASDAQ:FIVN - Free Report) by 65.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,100 shares of the software maker's stock after buying an additional 46,500 shares during the period. Two Sigma Advisers LP owned approximately 0.16% of Five9 worth $4,759,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in Five9 by 353.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker's stock valued at $97,356,000 after acquiring an additional 1,867,137 shares during the last quarter. Norges Bank bought a new position in shares of Five9 during the 4th quarter worth $81,280,000. Wellington Management Group LLP increased its position in Five9 by 50.9% during the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock valued at $72,496,000 after purchasing an additional 601,348 shares during the period. Geode Capital Management LLC increased its holdings in Five9 by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 1,317,450 shares of the software maker's stock valued at $53,558,000 after buying an additional 105,265 shares during the period. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Five9 in the 4th quarter worth $51,061,000. Hedge funds and other institutional investors own 96.64% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on FIVN shares. Piper Sandler increased their price objective on Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, February 21st. William Blair reaffirmed an "outperform" rating on shares of Five9 in a report on Thursday, March 13th. Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 price objective on shares of Five9 in a research note on Tuesday, May 13th. UBS Group cut their price target on Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Needham & Company LLC reduced their price objective on shares of Five9 from $52.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Five9 currently has an average rating of "Moderate Buy" and an average price target of $43.58.

Insider Buying and Selling

In related news, CEO Michael Burkland sold 12,595 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the transaction, the chief executive officer now owns 404,056 shares of the company's stock, valued at approximately $14,396,515.28. This represents a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the transaction, the executive vice president now owns 126,359 shares of the company's stock, valued at $4,220,390.60. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,574 shares of company stock valued at $1,004,346. Company insiders own 1.60% of the company's stock.

Five9 Trading Down 0.8%

Shares of FIVN stock traded down $0.21 during trading on Friday, hitting $26.79. 198,029 shares of the stock traded hands, compared to its average volume of 1,687,733. The firm has a market capitalization of $2.04 billion, a P/E ratio of -134.66, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9, Inc. has a 52-week low of $21.04 and a 52-week high of $49.90. The firm's fifty day moving average price is $25.51 and its 200-day moving average price is $34.26.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.14. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The company had revenue of $279.71 million for the quarter, compared to analysts' expectations of $272.26 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. Five9's revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, research analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Five9 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.