Gagnon Securities LLC Has $10.29 Million Stock 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 position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 3.5% in the 1st 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 buying an additional 12,963 shares during the period. Five9 makes up 2.3% of Gagnon Securities LLC's portfolio, making the stock its 18th largest position. Gagnon Securities LLC owned approximately 0.50% of Five9 worth $10,291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sylebra Capital LLC grew its holdings in shares of Five9 by 59.4% in the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock valued at $152,228,000 after buying an additional 1,396,496 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Five9 by 353.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker's stock valued at $97,356,000 after buying an additional 1,867,137 shares during the period. Van Berkom & Associates Inc. grew its holdings in shares of Five9 by 14.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker's stock valued at $58,122,000 after buying an additional 266,484 shares during the period. Wellington Management Group LLP grew its holdings in shares of Five9 by 50.9% in 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 buying an additional 601,348 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Five9 by 8.7% in the 4th 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. Institutional investors and hedge funds own 96.64% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on FIVN. Canaccord Genuity Group reissued a "buy" rating and issued a $40.00 price target on shares of Five9 in a report on Friday, August 1st. UBS Group reduced their target price on shares of Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 target price on shares of Five9 in a research note on Friday, August 1st. Wells Fargo & Company reduced their target price on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Barclays reduced their target price on shares of Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Five9 has a consensus rating of "Moderate Buy" and a consensus price target of $40.05.

Five9 Stock Up 0.2%

Shares of FIVN stock opened at $25.92 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.44 and a current ratio of 4.44. The firm's 50-day moving average is $27.33 and its 200-day moving average is $29.82. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 288.03, a PEG ratio of 2.25 and a beta of 1.17. 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 issued its earnings results 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. The company had revenue of $283.27 million for the quarter, compared to analysts' expectations of $275.18 million. Five9 had a net margin of 0.80% and a return on equity of 8.91%. Five9's quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. Sell-side analysts predict that Five9, Inc. will post 0.28 EPS for the current year.

Insider Buying and Selling

In other news, CEO Michael Burkland sold 5,475 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total value of $154,833.00. Following the sale, the chief executive officer directly owned 385,987 shares of the company's stock, valued at approximately $10,915,712.36. This represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Andy Dignan sold 4,845 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.18, for a total transaction of $136,532.10. Following the completion of the sale, the president directly owned 227,839 shares in the company, valued at approximately $6,420,503.02. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,566 shares of company stock worth $931,354 in the last 90 days. 1.60% of the stock is owned by corporate insiders.

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.

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