Point72 Asset Management L.P. Raises Holdings in Five9, Inc. (NASDAQ:FIVN)

Point72 Asset Management L.P. boosted its stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 110.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 882,785 shares of the software maker's stock after buying an additional 463,681 shares during the period. Point72 Asset Management L.P. owned 1.17% of Five9 worth $35,876,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC increased its position in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after purchasing an additional 520 shares in the last quarter. Banque Transatlantique SA acquired a new position in shares of Five9 during the fourth quarter worth $36,000. Johnson Financial Group Inc. acquired a new position in shares of Five9 during the fourth quarter worth $47,000. Steward Partners Investment Advisory LLC increased its position in shares of Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after purchasing an additional 2,571 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FIVN. Morgan Stanley reduced their price target on Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada upped their target price on Five9 from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Cantor Fitzgerald reissued an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. Needham & Company LLC cut their target price on Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Jefferies Financial Group lowered their price target on shares of Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.58.

Insider Buying and Selling

In other Five9 news, CAO Leena Mansharamani sold 1,135 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the sale, the chief accounting officer now owns 47,165 shares of the company's stock, valued at $1,424,383. This trade represents a 2.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the transaction, the executive vice president now owns 126,359 shares in the company, valued at $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 three months, insiders sold 29,574 shares of company stock valued at $1,004,346. 1.60% of the stock is owned by corporate insiders.

Five9 Stock Performance

FIVN stock traded down $0.49 on Tuesday, reaching $26.74. 1,745,818 shares of the company were exchanged, compared to its average volume of 1,667,639. Five9, Inc. has a 12 month low of $21.04 and a 12 month high of $53.62. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The stock's fifty day moving average price is $26.01 and its 200 day moving average price is $34.66. The firm has a market capitalization of $2.04 billion, a PE ratio of -133.69, a PEG ratio of 9.41 and a beta of 1.23.

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 (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.14. The business had revenue of $279.71 million for the quarter, compared to the consensus estimate of $272.26 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The firm's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. On average, research analysts anticipate that Five9, Inc. will post 0.28 EPS for the current fiscal year.

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.