Five9, Inc. (NASDAQ:FIVN) Stock Holdings Cut by Headlands Technologies LLC

Headlands Technologies LLC lessened its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 59.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,339 shares of the software maker's stock after selling 12,345 shares during the quarter. Headlands Technologies LLC's holdings in Five9 were worth $226,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Banque Transatlantique SA purchased a new stake in Five9 during the fourth quarter valued at about $36,000. Johnson Financial Group Inc. purchased a new stake in shares of Five9 in the fourth quarter worth about $47,000. Bayforest Capital Ltd purchased a new stake in shares of Five9 in the first quarter worth about $127,000. PNC Financial Services Group Inc. boosted its position in shares of Five9 by 74.7% in the first 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 boosted its position in shares of Five9 by 41.6% in the fourth quarter. State of Wyoming now owns 4,717 shares of the software maker's stock worth $192,000 after buying an additional 1,386 shares during the period. Hedge funds and other institutional investors own 96.64% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FIVN. KeyCorp began coverage on Five9 in a research report on Friday, June 6th. They issued an "overweight" rating and a $35.00 target price for the company. Mizuho decreased their target price on Five9 from $55.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. UBS Group decreased their target price on Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $40.00 target price on shares of Five9 in a research report on Friday, August 1st. Finally, Royal Bank Of Canada upped their target price on Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $37.59.

Insider Activity at Five9

In other news, CAO Leena Mansharamani sold 2,938 shares of the company'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 transaction of $81,764.54. Following the completion of the transaction, the chief accounting officer directly owned 44,901 shares of the company's stock, valued at approximately $1,249,594.83. This represents a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Panos Kozanian sold 3,816 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total value of $107,916.48. Following the transaction, the executive vice president directly owned 123,218 shares of the company's stock, valued at $3,484,605.04. This trade represents a 3.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,566 shares of company stock valued at $931,354. 1.60% of the stock is owned by insiders.

Five9 Stock Up 2.2%

NASDAQ FIVN traded up $0.54 on Tuesday, hitting $24.59. 1,987,370 shares of the stock traded hands, compared to its average volume of 2,184,238. The stock has a 50-day moving average of $27.15 and a 200 day moving average of $29.35. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $49.90. The company has a market capitalization of $1.90 billion, a P/E ratio of 273.25, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04.

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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $275.18 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. Five9's revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, analysts expect that Five9, Inc. will post 0.28 earnings per share for the current fiscal 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.