Five9, Inc. (NASDAQ:FIVN) Holdings Raised by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 54.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,069 shares of the software maker's stock after acquiring an additional 26,836 shares during the period. Oppenheimer & Co. Inc. owned 0.10% of Five9 worth $2,065,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FIVN. Lindbrook Capital LLC grew its stake in shares of Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after acquiring an additional 520 shares in the last quarter. Banque Transatlantique SA acquired a new stake in Five9 during the fourth quarter worth about $36,000. Johnson Financial Group Inc. bought a new position in Five9 in the 4th quarter valued at about $47,000. Steward Partners Investment Advisory LLC raised its position in shares of Five9 by 7,305.6% in the 4th 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 in the last quarter. Finally, Conquis Financial LLC acquired a new stake in shares of Five9 during the 4th quarter worth approximately $122,000. Institutional investors own 96.64% of the company's stock.

Five9 Price Performance

FIVN stock traded down $0.26 during trading on Monday, hitting $26.48. The stock had a trading volume of 2,607,886 shares, compared to its average volume of 1,748,836. 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's 50-day moving average price is $26.72 and its two-hundred day moving average price is $32.15. The stock has a market capitalization of $2.02 billion, a P/E ratio of -294.19, a PEG ratio of 2.55 and a beta of 1.20. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $49.90.

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group reduced their price objective on Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. 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 report on Friday, May 2nd. Barclays lowered their price target on shares of Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Jefferies Financial Group lowered their price objective on shares of Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Finally, Morgan Stanley lowered their price objective on Five9 from $48.00 to $28.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.15.

Insiders Place Their Bets

In other news, CFO Bryan M. Lee sold 1,798 shares of the business's 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 completion of the sale, the chief financial officer directly owned 126,468 shares of the company's stock, valued at approximately $3,576,515.04. The trade was a 1.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Panos Kozanian sold 3,816 shares of Five9 stock in a transaction that occurred on Wednesday, June 4th. The shares were 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 directly owned 123,218 shares in the company, valued at $3,484,605.04. This represents a 3.00% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 32,866 shares of company stock worth $913,434. 1.60% of the stock is currently owned by insiders.

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.