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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its stake in Five9, Inc. (NASDAQ:FIVN - Free Report) by 16.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 208,468 shares of the software maker's stock after selling 42,163 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.28% of Five9 worth $8,472,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FIVN. Norges Bank acquired a new stake in Five9 in the fourth quarter valued at $81,280,000. Ameriprise Financial Inc. boosted its position in Five9 by 353.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker's stock valued at $97,356,000 after acquiring an additional 1,867,137 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Five9 during the fourth quarter valued at $51,061,000. Wellington Management Group LLP boosted its position in Five9 by 50.9% during the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock valued at $72,496,000 after acquiring an additional 601,348 shares during the last quarter. Finally, Cooper Creek Partners Management LLC bought a new stake in Five9 during the fourth quarter valued at $14,782,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Stock Down 1.4%

NASDAQ FIVN traded down $0.37 during trading hours on Friday, hitting $26.59. The company's stock had a trading volume of 1,856,304 shares, compared to its average volume of 1,684,341. Five9, Inc. has a 52 week low of $21.04 and a 52 week high of $50.70. The company has a market capitalization of $2.03 billion, a PE ratio of -132.94, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The company's 50-day simple moving average is $25.76 and its two-hundred day simple moving average is $34.49.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $272.26 million. During the same quarter last year, the firm earned $0.48 EPS. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. Research analysts anticipate that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total transaction of $254,474.60. Following the transaction, the executive vice president now owns 126,359 shares of the company's stock, valued at $4,220,390.60. This trade represents a 5.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the transaction, the chief executive officer now directly owns 404,056 shares in the company, valued at approximately $14,396,515.28. This represents a 3.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,574 shares of company stock valued at $1,004,346 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on FIVN shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 price target on shares of Five9 in a research report on Tuesday, May 13th. Mizuho cut their price target on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Piper Sandler upped their price target on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. William Blair reaffirmed an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. 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 report on Monday, April 28th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Five9 has an average rating of "Moderate Buy" and a consensus price target 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.