Five9, Inc. (NASDAQ:FIVN) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 124.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,780 shares of the software maker's stock after acquiring an additional 13,748 shares during the quarter. SG Americas Securities LLC's holdings in Five9 were worth $673,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in shares of Five9 by 10.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker's stock worth $156,000 after acquiring an additional 365 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Five9 by 2.0% during the 4th quarter. Arizona State Retirement System now owns 21,694 shares of the software maker's stock worth $882,000 after acquiring an additional 424 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after acquiring an additional 520 shares in the last quarter. Xponance Inc. boosted its stake in shares of Five9 by 6.1% during the 4th quarter. Xponance Inc. now owns 9,421 shares of the software maker's stock worth $383,000 after acquiring an additional 539 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Five9 by 1.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker's stock worth $1,325,000 after acquiring an additional 590 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Five9

In related news, CAO Leena Mansharamani sold 2,938 shares of Five9 stock in a transaction that occurred on Wednesday, June 4th. The shares were 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 now owns 44,901 shares in the company, valued at approximately $1,249,594.83. This trade represents a 6.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bryan M. Lee sold 1,798 shares of Five9 stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total transaction of $50,847.44. Following the completion of the sale, the chief financial officer now owns 126,468 shares of the company's stock, valued at $3,576,515.04. This trade represents a 1.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,866 shares of company stock worth $913,434. Insiders own 1.60% of the company's stock.

Five9 Trading Down 1.9%

Shares of NASDAQ FIVN traded down $0.51 during midday trading on Friday, reaching $26.85. 1,240,503 shares of the stock were exchanged, compared to its average volume of 1,693,614. The company has a 50 day simple moving average of $26.22 and a 200 day simple moving average of $32.87. The stock has a market capitalization of $2.05 billion, a P/E ratio of -298.30, a PEG ratio of 2.56 and a beta of 1.20. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.02 and a current ratio of 2.02. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $49.90.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.14. The business had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. Five9 had a negative net margin of 0.48% and a positive return on equity of 6.06%. The business's revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. As a group, equities analysts expect that Five9, Inc. will post 0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

FIVN has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Five9 in a research note on Wednesday, April 2nd. KeyCorp initiated coverage on shares of Five9 in a research note on Friday, June 6th. They issued an "overweight" rating and a $35.00 price target on the stock. UBS Group decreased their price target on shares of Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Jefferies Financial Group decreased 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. Finally, Wells Fargo & Company decreased their price target on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, Five9 presently has an average rating of "Moderate Buy" and an average price target of $43.15.

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.