Herald Investment Management Ltd Has $5.71 Million Holdings in Five9, Inc. (NASDAQ:FIVN)

Key Points

• Herald Investment Management Ltd increased its stake in Five9, Inc. by 27.6%, owning 210,600 shares valued at approximately $5.7 million as of the latest SEC filing.
• Despite a recent decline, Five9 reported positive quarterly earnings, with $0.76 EPS surpassing analysts' estimates, and revenue of $283.27 million, a 12.4% increase from the previous year.
• Institutional ownership of Five9 stands at 96.64%, with numerous hedge funds actively buying and selling shares, indicating strong institutional interest in the stock.

Herald Investment Management Ltd increased its holdings in Five9, Inc. (NASDAQ:FIVN - Free Report) by 27.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 210,600 shares of the software maker's stock after buying an additional 45,600 shares during the period. Five9 comprises approximately 1.1% of Herald Investment Management Ltd's investment portfolio, making the stock its 28th biggest holding. Herald Investment Management Ltd owned about 0.28% of Five9 worth $5,714,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIVN. Quantinno Capital Management LP acquired a new position in Five9 during the 4th quarter worth about $287,000. Royal Bank of Canada grew its holdings in Five9 by 6.0% during the 4th quarter. Royal Bank of Canada now owns 369,001 shares of the software maker's stock worth $14,997,000 after acquiring an additional 20,775 shares in the last quarter. Man Group plc acquired a new position in shares of Five9 in the 4th quarter valued at about $354,000. Geode Capital Management LLC raised its stake 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 worth $53,558,000 after buying an additional 105,265 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Five9 by 60.1% in the 4th quarter. Cetera Investment Advisers now owns 13,407 shares of the software maker's stock worth $545,000 after acquiring an additional 5,032 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on FIVN. Jefferies Financial Group dropped their price objective on shares of Five9 from $45.00 to $28.00 and set a "hold" rating for the company in a report on Monday, April 28th. Needham & Company LLC lowered their price target on shares of Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. DA Davidson raised Five9 to a "hold" rating in a report on Monday, August 4th. Canaccord Genuity Group reiterated a "buy" rating and set a $40.00 price target on shares of Five9 in a report on Friday, August 1st. Finally, Wells Fargo & Company dropped their target price on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.59.

Insider Activity at Five9

In related 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 completion of the sale, the chief accounting officer owned 44,901 shares in the company, valued at $1,249,594.83. The trade was a 6.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Bryan M. Lee sold 1,798 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total value 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. This trade represents a 1.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,566 shares of company stock worth $931,354. Corporate insiders own 1.60% of the company's stock.

Five9 Price Performance

Shares of NASDAQ:FIVN traded up $0.60 during midday trading on Tuesday, hitting $24.65. The company had a trading volume of 1,023,508 shares, compared to its average volume of 1,905,297. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $49.90. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 274.36, a price-to-earnings-growth ratio of 2.30 and a beta of 1.17. The company has a debt-to-equity ratio of 1.04, a current ratio of 4.44 and a quick ratio of 4.44. The business's 50-day simple moving average is $27.21 and its 200-day simple moving average is $29.38.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The software maker reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 8.91% and a net margin of 0.80%. The business's quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. On average, research analysts predict that Five9, Inc. will post 0.28 earnings per share for the current 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.