Gagnon Securities LLC Increases Holdings in Five9, Inc. (NASDAQ:FIVN)

Key Points

• Gagnon Securities LLC increased its holdings in Five9, Inc. by 3.5%, owning 379,059 shares valued at approximately $10.29 million, making it the 18th largest position in their portfolio.
• Multiple institutional investors, including Sylebra Capital LLC and Ameriprise Financial Inc., significantly increased their stakes in Five9 during the last quarter, leading to a combined 96.64% of the company's stock being held by institutional investors.
• Five9's latest earnings report showed an EPS of $0.76, exceeding estimates, with revenue of $283.27 million, a 12.4% year-over-year increase.

Gagnon Securities LLC grew its stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 3.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 379,059 shares of the software maker's stock after acquiring an additional 12,963 shares during the period. Five9 comprises 2.3% of Gagnon Securities LLC's investment portfolio, making the stock its 18th biggest position. Gagnon Securities LLC owned approximately 0.50% of Five9 worth $10,291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of FIVN. Banque Transatlantique SA bought a new position in shares of Five9 in the fourth quarter worth approximately $36,000. Johnson Financial Group Inc. bought a new position in Five9 during the fourth quarter valued at $47,000. Bayforest Capital Ltd purchased a new stake in shares of Five9 in the first quarter valued at $127,000. PNC Financial Services Group Inc. increased its stake in Five9 by 74.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,701 shares of the software maker's stock worth $182,000 after buying an additional 2,865 shares during the period. Finally, State of Wyoming increased its position in Five9 by 41.6% during the 4th quarter. State of Wyoming now owns 4,717 shares of the software maker's stock valued at $192,000 after purchasing an additional 1,386 shares during the period. 96.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Bryan M. Lee sold 1,798 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total transaction of $50,847.44. Following the completion of the transaction, the chief financial officer 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Panos Kozanian sold 3,816 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total value of $107,916.48. Following the sale, the executive vice president directly owned 123,218 shares of the company's stock, valued at $3,484,605.04. This represents a 3.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,566 shares of company stock valued at $931,354 over the last 90 days. Corporate insiders own 1.60% of the company's stock.

Five9 Price Performance

Shares of FIVN traded down $0.01 during trading hours on Monday, reaching $24.38. The company had a trading volume of 768,673 shares, compared to its average volume of 1,900,525. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04. The firm has a 50 day simple moving average of $27.26 and a 200-day simple moving average of $29.49. Five9, Inc. has a 12-month low of $21.04 and a 12-month high of $49.90. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 272.34, a PEG ratio of 2.30 and a beta of 1.17.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FIVN shares. Piper Sandler cut their target price on shares of Five9 from $36.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, July 14th. Royal Bank Of Canada upped their target price on shares of Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Barclays decreased their price target on Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Canaccord Genuity Group restated a "buy" rating and issued a $40.00 price target on shares of Five9 in a research report on Friday, August 1st. Finally, Jefferies Financial Group lowered 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. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $37.59.

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.