Five9, Inc. (NASDAQ:FIVN) Position Lessened by Aquatic Capital Management LLC

Aquatic Capital Management LLC lowered its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 36.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,291 shares of the software maker's stock after selling 25,309 shares during the quarter. Aquatic Capital Management LLC owned approximately 0.06% of Five9 worth $1,800,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FIVN. Norges Bank acquired a new position in Five9 in the 4th quarter worth about $81,280,000. Fuller & Thaler Asset Management Inc. acquired a new position in Five9 in the 4th quarter worth about $51,061,000. Wellington Management Group LLP increased its position in Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock worth $72,496,000 after purchasing an additional 601,348 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new position in Five9 in the 4th quarter worth about $14,782,000. Finally, Royce & Associates LP boosted its stake in shares of Five9 by 1,219.0% during the 4th quarter. Royce & Associates LP now owns 329,760 shares of the software maker's stock worth $13,401,000 after acquiring an additional 304,760 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Five9

In related news, CEO Michael Burkland sold 12,595 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 404,056 shares of the company's stock, valued at approximately $14,396,515.28. This trade represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Leena Mansharamani sold 1,135 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,165 shares of the company's stock, valued at $1,424,383. This represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,574 shares of company stock valued at $1,004,346 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Five9 Stock Performance

Shares of FIVN stock opened at $25.12 on Tuesday. The company has a market capitalization of $1.92 billion, a P/E ratio of -125.59, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29. Five9, Inc. has a 52 week low of $21.04 and a 52 week high of $60.76. The company's 50 day moving average price is $28.73 and its two-hundred day moving average price is $35.05. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). The business had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. On average, analysts expect that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on FIVN shares. Morgan Stanley decreased their price target on Five9 from $48.00 to $28.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Jefferies Financial Group lowered their target price on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a report on Monday. Wells Fargo & Company decreased their price objective on Five9 from $45.00 to $23.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Rosenblatt Securities decreased their price objective on Five9 from $58.00 to $36.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $65.00 price objective on shares of Five9 in a research report on Wednesday, March 19th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $50.17.

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.

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