UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Five9, Inc. (NASDAQ:FIVN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 261.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 682,728 shares of the software maker's stock after acquiring an additional 493,709 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.91% of Five9 worth $27,746,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Lindbrook Capital LLC boosted its position 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 purchasing an additional 520 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of Five9 during the 4th quarter worth about $36,000. Johnson Financial Group Inc. bought a new position in shares of Five9 during the 4th quarter worth about $47,000. Steward Partners Investment Advisory LLC boosted its position in shares of Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Five9 by 3,955.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after purchasing an additional 2,571 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction that occurred 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 sale, the chief accounting officer now owns 47,165 shares of the company's stock, valued at approximately $1,424,383. The trade was a 2.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 in the company, valued at $4,220,390.60. This trade represents a 5.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,574 shares of company stock valued at $1,004,346. 1.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FIVN. Wells Fargo & Company cut their price objective on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC cut their price objective on shares of Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Royal Bank of Canada increased their price objective on shares of Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Rosenblatt Securities reissued a "buy" rating and set a $36.00 price objective on shares of Five9 in a research report on Tuesday, May 13th. Finally, Barclays cut their price objective on shares of Five9 from $60.00 to $33.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $43.58.

Five9 Stock Down 0.4%

NASDAQ:FIVN traded down $0.11 on Thursday, hitting $27.00. The stock had a trading volume of 1,834,158 shares, compared to its average volume of 1,689,850. 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 stock has a market cap of $2.06 billion, a P/E ratio of -134.99, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $49.90. The firm's fifty day simple moving average is $25.59 and its two-hundred day simple moving average is $34.35.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly 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 company had revenue of $279.71 million for the quarter, compared to analysts' expectations of $272.26 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. Five9's revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. Analysts predict that Five9, Inc. will post 0.28 earnings per share for the current year.

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.