Harbor Capital Advisors Inc. Purchases Shares of 18,102 Five9, Inc. (NASDAQ:FIVN)

Harbor Capital Advisors Inc. purchased a new stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 18,102 shares of the software maker's stock, valued at approximately $491,000.

Other institutional investors have also recently made changes to their positions in the company. Mirador Capital Partners LP grew its position in Five9 by 15.9% during the first quarter. Mirador Capital Partners LP now owns 32,106 shares of the software maker's stock worth $872,000 after buying an additional 4,399 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Five9 by 3,107.9% during the first quarter. GAMMA Investing LLC now owns 11,837 shares of the software maker's stock worth $321,000 after purchasing an additional 11,468 shares in the last quarter. Moody National Bank Trust Division bought a new position in shares of Five9 in the first quarter worth approximately $423,000. Wellington Management Group LLP increased its position in shares of Five9 by 50.9% in the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock worth $72,496,000 after purchasing an additional 601,348 shares during the last quarter. Finally, Menard Financial Group LLC bought a new stake in Five9 during the fourth quarter valued at approximately $206,000. Institutional investors own 96.64% of the company's stock.

Analyst Upgrades and Downgrades

FIVN has been the topic of several research reports. Evercore ISI lowered their price objective on shares of Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. KeyCorp began coverage on Five9 in a research report on Friday, June 6th. They set an "overweight" rating and a $35.00 price target on the stock. William Blair reiterated an "outperform" rating on shares of Five9 in a report on Thursday, March 13th. Jefferies Financial Group decreased their price objective on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Finally, Needham & Company LLC cut their target price on Five9 from $52.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Five9 has a consensus rating of "Moderate Buy" and an average price target of $43.15.

Insider Activity at Five9

In related news, CEO Michael Burkland sold 12,594 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $27.17, for a total value of $342,178.98. Following the transaction, the chief executive officer now owns 391,462 shares in the company, valued at $10,636,022.54. The trade was a 3.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Panos Kozanian sold 3,816 shares of the company'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 transaction of $107,916.48. Following the completion of the transaction, the executive vice president now owns 123,218 shares in the company, valued at approximately $3,484,605.04. This represents a 3.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,866 shares of company stock valued at $913,434 in the last three months. Company insiders own 1.60% of the company's stock.

Five9 Price Performance

FIVN opened at $26.65 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market capitalization of $2.03 billion, a PE ratio of -133.24, a price-to-earnings-growth ratio of 9.41 and a beta of 1.20. The stock's 50 day moving average price is $25.86 and its 200-day moving average price is $33.43. 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 quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.14. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $279.71 million for the quarter, compared to the consensus estimate of $272.26 million. During the same period in the previous year, the firm earned $0.48 EPS. The company's quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts predict that Five9, Inc. will post 0.28 EPS for the current year.

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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