Five9, Inc. (NASDAQ:FIVN) Shares Bought by Van Berkom & Associates Inc.

Key Points

• Van Berkom & Associates Inc. increased its stake in Five9, Inc. by 14.2%, acquiring an additional 266,484 shares, bringing its total holdings to 2,140,763 shares valued at approximately $58.1 million.
• Several hedge funds, including Norges Bank and Ameriprise Financial Inc., significantly raised their positions in Five9 during the fourth quarter, contributing to institutional investors owning over 96% of the company's stock.
• Analysts have mixed opinions on Five9's stock price, with target prices ranging from $23.00 to $55.00, and the stock currently has a consensus rating of "Moderate Buy."

Van Berkom & Associates Inc. lifted its stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 14.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,140,763 shares of the software maker's stock after acquiring an additional 266,484 shares during the quarter. Van Berkom & Associates Inc. owned 2.81% of Five9 worth $58,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Xponance Inc. boosted its stake in Five9 by 4.4% in the first quarter. Xponance Inc. now owns 9,835 shares of the software maker's stock valued at $267,000 after acquiring an additional 414 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Five9 by 1.8% in the fourth quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker's stock valued at $1,325,000 after acquiring an additional 590 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Five9 by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 24,779 shares of the software maker's stock valued at $1,007,000 after acquiring an additional 852 shares in the last quarter. Banque Transatlantique SA acquired a new position in Five9 in the fourth quarter valued at $36,000. Finally, Johnson Financial Group Inc. acquired a new position in Five9 in the fourth quarter valued at $47,000. Institutional investors and hedge funds own 96.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FIVN shares. Rosenblatt Securities restated a "buy" rating and issued a $36.00 price objective on shares of Five9 in a research note on Tuesday, May 13th. Wells Fargo & Company decreased their price objective on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group decreased their price objective on shares of Five9 from $45.00 to $28.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Needham & Company LLC reduced their target price on shares of Five9 from $52.00 to $40.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Morgan Stanley reduced their target price on shares of Five9 from $48.00 to $28.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Seven investment 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.05.

Insider Activity

In related news, CEO Michael Burkland sold 5,475 shares of the firm's 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 $154,833.00. Following the sale, the chief executive officer owned 385,987 shares in the company, valued at approximately $10,915,712.36. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bryan M. Lee sold 1,798 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total transaction of $50,847.44. Following the sale, the chief financial officer owned 126,468 shares in the company, valued at approximately $3,576,515.04. This trade represents a 1.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,866 shares of company stock valued at $913,042 in the last 90 days. Insiders own 1.60% of the company's stock.

Five9 Price Performance

Shares of FIVN stock traded down $0.17 during trading hours on Wednesday, hitting $28.22. The company's stock had a trading volume of 830,054 shares, compared to its average volume of 1,837,488. The business has a fifty day moving average of $27.45 and a 200-day moving average of $30.25. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of -313.75, a P/E/G ratio of 2.78 and a beta of 1.19. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $49.90. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.12.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.48 by $0.14. The business had revenue of $279.71 million for the quarter, compared to analyst estimates of $272.26 million. Five9 had a negative net margin of 0.48% and a positive return on equity of 6.06%. The company's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 earnings per share. As a group, equities research analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.

Five9 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.