Jefferies Financial Group Inc. Has $1.12 Million Holdings in Five9, Inc. (NASDAQ:FIVN)

Key Points

• Jefferies Financial Group Inc. increased its stake in Five9, Inc. by 59.3%, acquiring an additional 15,300 shares during the first quarter, bringing its total ownership to approximately 41,099 shares valued at $1.12 million.
• Five9's stock rose by 3.2%, trading at $25.86, with a market cap of $2.00 billion and a P/E ratio of 287.37.
• The company reported a 12.4% year-over-year revenue increase, with $283.27 million in revenue for the last quarter and earnings per share of $0.76, surpassing analyst expectations.

Jefferies Financial Group Inc. raised its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 59.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 41,099 shares of the software maker's stock after acquiring an additional 15,300 shares during the period. Jefferies Financial Group Inc. owned approximately 0.05% of Five9 worth $1,116,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Quantinno Capital Management LP acquired a new position in Five9 in the fourth quarter valued at about $287,000. Royal Bank of Canada boosted its stake 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 during the last quarter. Man Group plc acquired a new position in Five9 during the fourth quarter valued at approximately $354,000. Geode Capital Management LLC increased its stake in Five9 by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 1,317,450 shares of the software maker's stock valued at $53,558,000 after purchasing an additional 105,265 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Five9 by 60.1% in the fourth quarter. Cetera Investment Advisers now owns 13,407 shares of the software maker's stock valued at $545,000 after purchasing an additional 5,032 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. DA Davidson raised shares of Five9 to a "hold" rating in a report on Monday. Barclays lowered their price target on Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Morgan Stanley cut their price objective on Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. UBS Group lowered their target price on Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Jefferies Financial Group cut their price target on shares of Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $40.05.

Five9 Stock Performance

Shares of FIVN traded down $1.10 during midday trading on Friday, reaching $24.20. The stock had a trading volume of 1,139,307 shares, compared to its average volume of 1,899,556. The firm has a market cap of $1.87 billion, a PE ratio of 270.31, a P/E/G ratio of 2.44 and a beta of 1.17. The firm has a 50 day simple moving average of $27.30 and a 200-day simple moving average of $29.73. Five9, Inc. has a one year low of $21.04 and a one year high of $49.90. 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 posted its quarterly earnings results on Thursday, July 31st. The software maker reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.11. The business had revenue of $283.27 million during the quarter, compared to analysts' expectations of $275.18 million. Five9 had a return on equity of 8.91% and a net margin of 0.80%. Five9's quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the company posted $0.52 earnings per share. As a group, sell-side analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.

Insider Buying and Selling at Five9

In related news, CEO Michael Burkland sold 5,475 shares of Five9 stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total transaction of $154,833.00. Following the completion of the sale, the chief executive officer owned 385,987 shares of the company's stock, valued at approximately $10,915,712.36. The trade was a 1.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Leena Mansharamani sold 2,938 shares of the stock in a transaction dated Wednesday, June 4th. The shares were 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 in the company, valued at approximately $1,249,594.83. This represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,566 shares of company stock worth $931,354. 1.60% of the stock is currently owned by corporate insiders.

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.