Fox Run Management L.L.C. Sells 10,028 Shares of Five9, Inc. $FIVN

Key Points

• Fox Run Management L.L.C. has reduced its holdings in Five9, Inc. by 34.9%, selling 10,028 shares and retaining 18,682 shares valued at approximately $507,000.
• CEO Michael Burkland and CFO Bryan M. Lee both made significant stock sales recently, with Burkland selling 12,594 shares and Lee selling 1,798 shares, indicating a decrease in their respective positions.
• Five9's stock saw a 3.6% increase and reported quarterly earnings of $0.76 per share, surpassing analyst expectations and reflecting a year-over-year revenue increase of 12.4%.

Fox Run Management L.L.C. decreased its position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 34.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,682 shares of the software maker's stock after selling 10,028 shares during the quarter. Fox Run Management L.L.C.'s holdings in Five9 were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIVN. Ameriprise Financial Inc. increased its holdings in shares of 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 in the last quarter. Sylebra Capital LLC increased its holdings in shares of Five9 by 59.4% during the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock valued at $152,228,000 after acquiring an additional 1,396,496 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Five9 during the fourth quarter valued at approximately $51,061,000. Wellington Management Group LLP increased its holdings in shares of Five9 by 50.9% during the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock valued at $72,496,000 after acquiring an additional 601,348 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Five9 during the first quarter valued at approximately $15,777,000. Institutional investors own 96.64% of the company's stock.

Insider Activity

In other news, CEO Michael Burkland sold 12,594 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $27.17, for a total transaction of $342,178.98. Following the transaction, the chief executive officer owned 391,462 shares of the company's stock, valued at $10,636,022.54. This represents a 3.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bryan M. Lee sold 1,798 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total value of $50,847.44. Following the transaction, the chief financial officer directly owned 126,468 shares in the company, valued at $3,576,515.04. This represents a 1.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,609 shares of company stock worth $1,113,133. 1.60% of the stock is owned by company insiders.

Five9 Stock Up 3.6%

Shares of NASDAQ:FIVN opened at $26.04 on Monday. The company has a market capitalization of $2.01 billion, a PE ratio of 289.37, a price-to-earnings-growth ratio of 2.45 and a beta of 1.17. The company has a debt-to-equity ratio of 1.04, a current ratio of 4.44 and a quick ratio of 4.44. The business has a fifty day moving average price of $26.96 and a two-hundred day moving average price of $28.96. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The software maker reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.11. Five9 had a return on equity of 8.91% and a net margin of 0.80%. The firm had revenue of $283.27 million during the quarter, compared to the consensus estimate of $275.18 million. During the same quarter in the prior year, the company earned $0.52 EPS. The business's revenue for the quarter was up 12.4% on a year-over-year basis. Analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FIVN. Evercore ISI decreased their price target on Five9 from $55.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Needham & Company LLC decreased their price target on Five9 from $52.00 to $40.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Jefferies Financial Group decreased their price target on Five9 from $45.00 to $28.00 and set a "hold" rating for the company in a report on Monday, April 28th. Wells Fargo & Company decreased their price target on Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $36.00 price target on shares of Five9 in a report on Friday, August 1st. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Five9 has an average rating of "Moderate Buy" and an average price target of $37.59.

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.

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