MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Stake in Five9, Inc. (NASDAQ:FIVN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 16.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,468 shares of the software maker's stock after selling 42,163 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.28% of Five9 worth $8,472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of FIVN. Lindbrook Capital LLC increased its position in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after acquiring an additional 520 shares during the last quarter. Banque Transatlantique SA bought a new position in Five9 in the 4th quarter valued at $36,000. Johnson Financial Group Inc. purchased a new stake in shares of Five9 during the 4th quarter valued at $47,000. Steward Partners Investment Advisory LLC increased its position in shares of Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Five9 by 3,955.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after purchasing an additional 2,571 shares during the period. Institutional investors own 96.64% of the company's stock.

Insiders Place Their Bets

In related news, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,165 shares in the company, valued at approximately $1,424,383. This trade represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the sale, the executive vice president now owns 126,359 shares in the company, valued at approximately $4,220,390.60. This represents a 5.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,574 shares of company stock valued at $1,004,346. 1.60% of the stock is owned by insiders.

Five9 Stock Performance

FIVN stock traded down $0.49 during trading on Tuesday, reaching $26.74. The company had a trading volume of 1,745,818 shares, compared to its average volume of 1,667,639. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -133.69, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $53.62. 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 firm has a 50-day simple moving average of $26.01 and a 200-day simple moving average of $34.66.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.14. The firm had revenue of $279.71 million for the quarter, compared to the consensus estimate of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The firm's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. As a group, sell-side analysts expect that Five9, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FIVN shares. William Blair restated an "outperform" rating on shares of Five9 in a report on Thursday, March 13th. Evercore ISI cut their target price on Five9 from $55.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Five9 in a report on Wednesday, April 2nd. Morgan Stanley lowered their target price on shares of Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $36.00 price target on shares of Five9 in a research report on Tuesday, May 13th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $43.58.

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.