Wellington Management Group LLP Buys 601,348 Shares of Five9, Inc. (NASDAQ:FIVN)

Wellington Management Group LLP increased its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 50.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,783,870 shares of the software maker's stock after purchasing an additional 601,348 shares during the quarter. Wellington Management Group LLP owned approximately 2.35% of Five9 worth $72,496,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FIVN. Norges Bank acquired a new position in Five9 during the fourth quarter worth $81,280,000. Ameriprise Financial Inc. boosted its holdings in Five9 by 353.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker's stock worth $97,356,000 after purchasing an additional 1,867,137 shares during the last quarter. Sylebra Capital LLC boosted its holdings in Five9 by 59.4% during the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock worth $152,228,000 after purchasing an additional 1,396,496 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Five9 during the fourth quarter worth $51,061,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Five9 by 261.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 682,728 shares of the software maker's stock worth $27,746,000 after acquiring an additional 493,709 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.

Five9 Stock Down 0.9%

FIVN traded down $0.25 during trading on Monday, reaching $26.26. The stock had a trading volume of 1,684,417 shares, compared to its average volume of 1,696,168. The stock's 50 day moving average is $25.36 and its two-hundred day moving average is $34.02. 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 has a market capitalization of $2.00 billion, a price-to-earnings ratio of -131.29, a P/E/G ratio of 9.41 and a beta of 1.23. Five9, Inc. has a one year low of $21.04 and a one year high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last released 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. 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 analysts' expectations of $272.26 million. During the same period in the prior year, the firm posted $0.48 earnings per share. The company's quarterly revenue was up 13.2% on a year-over-year basis. As a group, analysts expect that Five9, Inc. will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on FIVN shares. Royal Bank of Canada upped their price target 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. Jefferies Financial Group dropped their price objective on shares of Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Piper Sandler increased their price objective on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Evercore ISI dropped their price objective on shares of Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Wells Fargo & Company dropped 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. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $43.58.

Insider Activity at Five9

In other news, CAO Leena Mansharamani sold 1,517 shares of Five9 stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 owns 48,300 shares in the company, valued at approximately $1,605,009. The trade was a 3.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the transaction, the executive vice president now owns 126,359 shares of the company's stock, valued at approximately $4,220,390.60. The trade was a 5.69% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,979 shares of company stock valued at $555,586. 1.60% of the stock is owned by company insiders.

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.