Sylebra Capital LLC Acquires 1,396,496 Shares of Five9, Inc. (NASDAQ:FIVN)

Sylebra Capital LLC boosted its stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 59.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,745,778 shares of the software maker's stock after buying an additional 1,396,496 shares during the period. Five9 accounts for about 4.2% of Sylebra Capital LLC's investment portfolio, making the stock its 8th biggest holding. Sylebra Capital LLC owned approximately 4.98% of Five9 worth $152,228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIVN. Ameriprise Financial Inc. increased its stake in Five9 by 353.3% during the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker's stock valued at $97,356,000 after purchasing an additional 1,867,137 shares in the last quarter. Norges Bank purchased a new position in Five9 in the 4th quarter worth $81,280,000. Wellington Management Group LLP lifted its position in Five9 by 50.9% during the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock worth $72,496,000 after acquiring an additional 601,348 shares during the period. Geode Capital Management LLC lifted its position in Five9 by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 1,317,450 shares of the software maker's stock worth $53,558,000 after acquiring an additional 105,265 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in Five9 during the 4th quarter valued at about $51,061,000. Hedge funds and other institutional investors own 96.64% of the company's stock.

Wall Street Analysts Forecast Growth

FIVN has been the topic of several research reports. Evercore ISI cut their price target on shares of Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Royal Bank of Canada boosted their price objective on Five9 from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Barclays lowered their price objective on Five9 from $60.00 to $33.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Morgan Stanley lowered their price target on 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, Piper Sandler increased their price objective on Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.58.

Five9 Stock Up 3.1%

Shares of FIVN stock traded up $0.83 during trading hours on Tuesday, reaching $27.42. 978,143 shares of the stock were exchanged, compared to its average volume of 1,686,621. The business's fifty day moving average is $25.69 and its two-hundred day moving average is $34.45. The firm has a market capitalization of $2.09 billion, a P/E ratio of -137.07, a P/E/G ratio of 9.41 and a beta of 1.23. Five9, Inc. has a 12-month low of $21.04 and a 12-month high of $50.25. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.14. The firm 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 1.23% and a positive return on equity of 3.62%. The company's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. As a group, research analysts expect that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Insider Activity at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,135 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the transaction, the chief accounting officer now owns 47,165 shares in the company, valued at $1,424,383. This represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the sale, the chief executive officer now owns 404,056 shares in the company, valued at $14,396,515.28. This trade represents a 3.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,574 shares of company stock valued at $1,004,346 over the last three months. 1.60% of the stock is 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.