Legion Partners Asset Management LLC Has $24.05 Million Stock Position in Five9, Inc. (NASDAQ:FIVN)

Legion Partners Asset Management LLC decreased its holdings in Five9, Inc. (NASDAQ:FIVN - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 591,685 shares of the software maker's stock after selling 54,000 shares during the period. Five9 accounts for approximately 16.1% of Legion Partners Asset Management LLC's holdings, making the stock its 4th biggest holding. Legion Partners Asset Management LLC owned 0.79% of Five9 worth $24,046,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Lindbrook Capital LLC lifted its holdings in Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after buying an additional 520 shares in the last quarter. Banque Transatlantique SA purchased a new stake in shares of Five9 during the fourth quarter valued at $36,000. Johnson Financial Group Inc. acquired a new position in shares of Five9 in the fourth quarter valued at about $47,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after acquiring an additional 1,315 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake 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 valued at $107,000 after buying an additional 2,571 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company's stock.

Insider Buying and Selling

In other news, CAO Leena Mansharamani sold 1,135 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the sale, the chief accounting officer now directly owns 47,165 shares in the company, valued at $1,424,383. This represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Burkland sold 12,595 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the sale, the chief executive officer now directly owns 404,056 shares in the company, valued at approximately $14,396,515.28. The trade was a 3.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,574 shares of company stock worth $1,004,346. 1.60% of the stock is owned by insiders.

Five9 Price Performance

FIVN traded up $0.13 on Wednesday, hitting $28.39. 962,040 shares of the stock were exchanged, compared to its average volume of 1,661,420. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9, Inc. has a 12 month low of $21.04 and a 12 month high of $55.45. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of -141.94, a PEG ratio of 9.41 and a beta of 1.23. The business has a 50-day moving average of $26.22 and a two-hundred day moving average of $34.68.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $279.71 million during the quarter, compared to analysts' expectations of $272.26 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The business's quarterly revenue was up 13.2% on a year-over-year basis. Sell-side analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on FIVN shares. Cantor Fitzgerald reiterated an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. Jefferies Financial Group cut their price objective on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Evercore ISI reduced their price target on Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Piper Sandler raised their target price on Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 price objective on shares of Five9 in a report on Tuesday. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.58.

Five9 Company 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.