Woodline Partners LP Has $4.46 Million Stock Holdings in Five9, Inc. (NASDAQ:FIVN)

Woodline Partners LP lessened its stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 29.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 109,673 shares of the software maker's stock after selling 46,880 shares during the period. Woodline Partners LP owned 0.15% of Five9 worth $4,457,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC raised its holdings in Five9 by 215.8% in the 3rd 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. Ameritas Advisory Services LLC grew its stake in shares of Five9 by 40.5% in the 4th quarter. Ameritas Advisory Services LLC now owns 11,005 shares of the software maker's stock valued at $447,000 after buying an additional 3,173 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Five9 by 25.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 35,372 shares of the software maker's stock valued at $1,438,000 after buying an additional 7,140 shares during the period. KBC Group NV grew its stake in shares of Five9 by 49.2% in the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker's stock valued at $137,000 after buying an additional 1,113 shares during the period. Finally, Gagnon Securities LLC grew its stake in shares of Five9 by 10.4% in the 4th quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker's stock valued at $14,878,000 after buying an additional 34,597 shares during the period. Institutional investors and hedge funds own 96.64% of the company's stock.

Insider Transactions at Five9

In related news, COO Andy Dignan sold 2,840 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 transaction of $94,373.20. Following the transaction, the chief operating officer now directly owns 194,201 shares of the company's stock, valued at approximately $6,453,299.23. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $50,409.91. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,574 shares of company stock valued at $1,004,346 in the last quarter. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Piper Sandler raised their price objective on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, February 21st. UBS Group decreased their price objective on shares of Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Royal Bank of Canada boosted their price objective on shares of Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Barclays decreased their price objective 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. Finally, Mizuho decreased their price objective 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 equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.58.

Five9 Price Performance

Five9 stock traded down $0.37 during trading hours on Thursday, hitting $26.74. 420,627 shares of the company traded hands, compared to its average volume of 1,684,345. The firm has a market cap of $2.04 billion, a P/E ratio of -133.42, a P/E/G ratio of 9.41 and a beta of 1.23. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm's 50-day simple moving average is $25.59 and its two-hundred day simple moving average is $34.35. Five9, Inc. has a 1-year low of $21.04 and a 1-year high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The business's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. As a group, analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current fiscal 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.