Two Sigma Investments LP Raises Stock Holdings in Five9, Inc. (NASDAQ:FIVN)

Two Sigma Investments LP grew its stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 306,032 shares of the software maker's stock after acquiring an additional 42,315 shares during the quarter. Two Sigma Investments LP owned about 0.41% of Five9 worth $12,437,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FIVN. Barclays PLC increased its holdings in shares of Five9 by 215.8% during 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 in the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Five9 by 40.5% during the fourth quarter. Ameritas Advisory Services LLC now owns 11,005 shares of the software maker's stock valued at $447,000 after acquiring an additional 3,173 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Five9 by 25.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 35,372 shares of the software maker's stock valued at $1,438,000 after acquiring an additional 7,140 shares in the last quarter. KBC Group NV increased its holdings in shares of Five9 by 49.2% during the fourth quarter. KBC Group NV now owns 3,373 shares of the software maker's stock valued at $137,000 after acquiring an additional 1,113 shares in the last quarter. Finally, Gagnon Securities LLC increased its holdings in shares of Five9 by 10.4% during 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 in the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.

Insider Activity

In other news, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction 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 transaction, the executive vice president now owns 126,359 shares in the company, valued at $4,220,390.60. The trade was a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the transaction, the chief accounting officer now owns 47,165 shares in the company, valued at approximately $1,424,383. This represents a 2.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,574 shares of company stock worth $1,004,346 in the last quarter. Corporate insiders own 1.60% of the company's stock.

Five9 Stock Performance

Five9 stock traded down $0.26 during mid-day trading on Thursday, hitting $26.86. The company had a trading volume of 375,379 shares, compared to its average volume of 1,684,175. Five9, Inc. has a 12-month low of $21.04 and a 12-month high of $49.90. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -134.37, a P/E/G 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 fifty day moving average is $25.59 and its 200-day moving average is $34.35.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $272.26 million. During the same quarter last year, the firm posted $0.48 EPS. The business's revenue was up 13.2% on a year-over-year basis. Equities research analysts predict that Five9, Inc. will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

FIVN has been the topic of several research reports. Barclays cut their price target on shares of Five9 from $60.00 to $33.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Piper Sandler increased their price target on shares of Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Morgan Stanley cut their price target on shares of Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. 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. Finally, 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 report on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.58.

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.