Five9, Inc. (NASDAQ:FIVN) Stock Position Increased by Sylebra Capital LLC

Sylebra Capital LLC increased its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 59.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,745,778 shares of the software maker's stock after purchasing an additional 1,396,496 shares during the quarter. Five9 makes up 4.2% of Sylebra Capital LLC's portfolio, making the stock its 8th largest holding. Sylebra Capital LLC owned approximately 4.98% of Five9 worth $152,228,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantinno Capital Management LP acquired a new stake in shares of Five9 in the fourth quarter valued at $287,000. Royal Bank of Canada boosted its holdings in Five9 by 6.0% in the fourth quarter. Royal Bank of Canada now owns 369,001 shares of the software maker's stock valued at $14,997,000 after acquiring an additional 20,775 shares during the last quarter. Gagnon Securities LLC boosted its holdings in Five9 by 10.4% in the fourth quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker's stock valued at $14,878,000 after acquiring an additional 34,597 shares during the last quarter. Barclays PLC boosted its holdings in Five9 by 215.8% in the third quarter. Barclays PLC now owns 242,187 shares of the software maker's stock valued at $6,956,000 after acquiring an additional 165,487 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in Five9 in the fourth quarter valued at about $268,000. 96.64% of the stock is owned by institutional investors.

Five9 Price Performance

Five9 stock traded down $0.68 during midday trading on Wednesday, hitting $26.76. 435,310 shares of the company's stock were exchanged, compared to its average volume of 1,764,238. Five9, Inc. has a 52-week low of $21.04 and a 52-week high of $49.90. The stock has a 50-day moving average price of $25.65 and a two-hundred day moving average price of $34.40. 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 company has a market cap of $2.04 billion, a P/E ratio of -133.78, a PEG ratio of 9.41 and a beta of 1.23.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings data 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. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The firm had revenue of $279.71 million during the quarter, compared to analysts' expectations of $272.26 million. During the same period in the prior year, the business earned $0.48 EPS. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities research analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Leena Mansharamani sold 1,517 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $50,409.91. Following the completion of the transaction, the chief accounting officer now directly owns 48,300 shares in the company, valued at $1,605,009. The trade was a 3.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the sale, the executive vice president now directly owns 126,359 shares of the company's stock, valued at approximately $4,220,390.60. This trade represents a 5.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,574 shares of company stock worth $1,004,346 in the last three months. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI decreased their price target on Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Barclays reduced their target price on Five9 from $60.00 to $33.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Piper Sandler lifted their price objective on Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Rosenblatt Securities restated a "buy" rating and issued a $36.00 target price on shares of Five9 in a research note on Tuesday, May 13th. Finally, Needham & Company LLC cut their target price on Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Five9 presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.58.

Five9 Company 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.