Five9, Inc. (NASDAQ:FIVN) Shares Bought by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Key Points

• Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in Five9, Inc. by 47.4%, purchasing an additional 18,000 shares during the first quarter, bringing its total ownership to 56,000 shares valued at approximately $1.52 million.
• Recent insider sales included EVP Panos Kozanian and CFO Bryan M. Lee, with Kozanian selling 3,816 shares and Lee selling 1,798 shares, representing a reduction of ownership by 3.00% and 1.40%, respectively.
• Five9 reported second-quarter earnings of $0.76 per share, exceeding analyst expectations, with revenue reaching $283.27 million, reflecting a 12.4% increase year-over-year.

Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its stake in Five9, Inc. (NASDAQ:FIVN - Free Report) by 47.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,000 shares of the software maker's stock after buying an additional 18,000 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych owned approximately 0.07% of Five9 worth $1,520,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new stake in Five9 in the 4th quarter valued at $36,000. Johnson Financial Group Inc. purchased a new stake in Five9 in the 4th quarter valued at $47,000. Bayforest Capital Ltd purchased a new stake in Five9 in the 1st quarter valued at $127,000. PNC Financial Services Group Inc. grew its holdings 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 valued at $182,000 after buying an additional 2,865 shares in the last quarter. Finally, State of Wyoming grew its holdings in shares of Five9 by 41.6% during the 4th quarter. State of Wyoming now owns 4,717 shares of the software maker's stock worth $192,000 after purchasing an additional 1,386 shares during the period. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FIVN shares. Canaccord Genuity Group reiterated a "buy" rating and set a $40.00 price target on shares of Five9 in a report on Friday. DA Davidson upgraded Five9 to a "hold" rating in a report on Monday. UBS Group lowered their price target on Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Piper Sandler lowered their target price on Five9 from $36.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, July 14th. Finally, Barclays lowered their target price on Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.14.

Insider Activity at Five9

In other news, CAO Leena Mansharamani sold 2,938 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $27.83, for a total value of $81,764.54. Following the transaction, the chief accounting officer owned 44,901 shares of the company's stock, valued at approximately $1,249,594.83. The trade was a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Burkland sold 12,594 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $27.17, for a total value of $342,178.98. Following the completion of the transaction, the chief executive officer directly owned 391,462 shares in the company, valued at approximately $10,636,022.54. The trade was a 3.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,866 shares of company stock valued at $913,042 over the last 90 days. 1.60% of the stock is owned by insiders.

Five9 Stock Performance

FIVN traded up $0.66 on Tuesday, reaching $25.71. The company had a trading volume of 658,263 shares, compared to its average volume of 1,881,737. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $49.90. The stock has a market capitalization of $1.96 billion, a PE ratio of 285.71, a P/E/G ratio of 2.23 and a beta of 1.17. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average price of $27.42 and a 200-day moving average price of $29.96.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $0.76 EPS for the quarter, topping the consensus estimate of $0.65 by $0.11. The company had revenue of $283.27 million for the quarter, compared to analyst estimates of $275.18 million. Five9 had a return on equity of 8.91% and a net margin of 0.80%. The firm's revenue 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. As a group, research analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

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.