Segall Bryant & Hamill LLC Purchases 547,794 Shares of Five9, Inc. (NASDAQ:FIVN)

Segall Bryant & Hamill LLC increased its position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 254.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 763,310 shares of the software maker's stock after acquiring an additional 547,794 shares during the period. Segall Bryant & Hamill LLC owned approximately 1.00% of Five9 worth $20,724,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Transatlantique SA purchased a new position in Five9 in the 4th quarter worth approximately $36,000. Johnson Financial Group Inc. purchased a new position in Five9 in the 4th quarter worth approximately $47,000. Steward Partners Investment Advisory LLC grew its stake in Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after buying an additional 1,315 shares in the last quarter. Conquis Financial LLC purchased a new position in Five9 in the 4th quarter worth approximately $122,000. Finally, PNC Financial Services Group Inc. grew its stake in Five9 by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker's stock worth $156,000 after buying an additional 365 shares in the last quarter. Institutional investors own 96.64% of the company's stock.

Insider Transactions at Five9

In related news, EVP Panos Kozanian sold 3,816 shares of the business's stock in a transaction 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 sale, the executive vice president owned 123,218 shares in the company, valued at approximately $3,484,605.04. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Burkland sold 12,594 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $27.17, for a total transaction of $342,178.98. Following the completion of the sale, the chief executive officer owned 391,462 shares in the company, valued at $10,636,022.54. This represents a 3.12% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,866 shares of company stock valued at $913,042. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FIVN. Jefferies Financial Group cut their price objective on shares of Five9 from $45.00 to $28.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Cantor Fitzgerald reissued an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. Barclays decreased their price objective on shares of Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, May 5th. KeyCorp assumed coverage on shares of Five9 in a research note on Friday, June 6th. They issued an "overweight" rating and a $35.00 price target for the company. Finally, UBS Group decreased their price target on shares of Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.05.

Five9 Stock Performance

Shares of FIVN traded up $0.08 on Friday, reaching $26.94. The company's stock had a trading volume of 1,421,167 shares, compared to its average volume of 1,784,607. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market capitalization of $2.05 billion, a P/E ratio of -299.30, a PEG ratio of 2.56 and a beta of 1.19. The stock's 50 day simple moving average is $27.34 and its two-hundred day simple moving average is $30.85. Five9, Inc. has a 12-month low of $21.04 and a 12-month high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last issued 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 0.48% and a positive return on equity of 6.06%. The business had revenue of $279.71 million for the quarter, compared to the consensus estimate of $272.26 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The company's revenue for the quarter was up 13.2% on a year-over-year basis. Research analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current fiscal 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.