Five9, Inc. (NASDAQ:FIVN) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 54.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,069 shares of the software maker's stock after purchasing an additional 26,836 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.10% of Five9 worth $2,065,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FIVN. Lindbrook Capital LLC lifted its stake in Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after purchasing an additional 520 shares in the last quarter. Banque Transatlantique SA acquired a new position in Five9 during the fourth quarter worth $36,000. Johnson Financial Group Inc. acquired a new position in Five9 during the fourth quarter worth $47,000. Steward Partners Investment Advisory LLC lifted its stake in Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Conquis Financial LLC acquired a new position in Five9 during the fourth quarter worth $122,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Stock Up 0.3%

NASDAQ:FIVN traded up $0.09 during trading hours on Friday, hitting $26.74. The company's stock had a trading volume of 12,757,851 shares, compared to its average volume of 1,744,424. The stock has a market capitalization of $2.04 billion, a P/E ratio of -297.08, a price-to-earnings-growth ratio of 2.54 and a beta of 1.20. The stock has a fifty day moving average of $26.54 and a 200-day moving average of $32.51. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.12. Five9, Inc. has a 52-week low of $21.04 and a 52-week high of $49.90.

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 the consensus estimate of $0.48 by $0.14. The firm had revenue of $279.71 million for the quarter, compared to analyst estimates of $272.26 million. Five9 had a positive return on equity of 6.06% and a negative net margin of 0.48%. Five9's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 earnings per share. On average, equities analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Transactions at Five9

In related news, CFO Bryan M. Lee sold 1,798 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total transaction of $50,847.44. Following the transaction, the chief financial officer now owns 126,468 shares of the company's stock, valued at $3,576,515.04. This trade represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Andy Dignan sold 4,845 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.18, for a total value of $136,532.10. Following the transaction, the president now directly owns 227,839 shares in the company, valued at approximately $6,420,503.02. This represents a 2.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,866 shares of company stock worth $913,434. Corporate insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

FIVN has been the topic of a number of research reports. Evercore ISI decreased their price target on Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. William Blair restated an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Jefferies Financial Group decreased their price target on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Barclays reduced their price objective on Five9 from $60.00 to $33.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 price objective on shares of Five9 in a research note on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.15.

About Five9

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.