Point72 Asset Management L.P. Has $35.88 Million Holdings in Five9, Inc. (NASDAQ:FIVN)

Point72 Asset Management L.P. increased its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 110.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIVN. Lindbrook Capital LLC boosted its position in 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 during the period. Banque Transatlantique SA bought a new stake in shares of Five9 during the 4th quarter worth $36,000. Johnson Financial Group Inc. acquired a new position in Five9 in the 4th quarter valued at $47,000. Steward Partners Investment Advisory LLC grew its stake in 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 buying an additional 1,315 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Five9 by 3,955.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after acquiring an additional 2,571 shares during the period. Institutional investors own 96.64% of the company's stock.

Insider Activity at Five9

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total transaction of $254,474.60. Following the transaction, the executive vice president now directly owns 126,359 shares in the company, valued at approximately $4,220,390.60. This represents a 5.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Leena Mansharamani sold 1,135 shares of the firm's stock in a transaction dated 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 in the company, valued at $1,424,383. This trade represents a 2.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,574 shares of company stock valued at $1,004,346 over the last ninety days. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FIVN. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 price target on shares of Five9 in a research report on Tuesday, May 13th. Morgan Stanley dropped 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. Wells Fargo & Company cut their price target on Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group lowered their price objective on shares of Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Finally, Evercore ISI cut their target price on shares of Five9 from $55.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, Five9 has a consensus rating of "Moderate Buy" and a consensus price target of $43.58.

Five9 Price Performance

Five9 stock traded up $0.46 during mid-day trading on Thursday, hitting $25.97. 344,262 shares of the company were exchanged, compared to its average volume of 1,665,414. Five9, Inc. has a 1-year low of $21.04 and a 1-year high of $53.21. 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 business has a fifty day moving average of $25.90 and a 200 day moving average of $34.54. The company has a market capitalization of $1.98 billion, a PE ratio of -129.85, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.14. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The company had revenue of $279.71 million during the quarter, compared to analyst estimates of $272.26 million. During the same quarter last year, the business posted $0.48 earnings per share. The company's revenue was up 13.2% on a year-over-year basis. As a group, sell-side analysts expect that Five9, Inc. will post 0.28 earnings per share for the current 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.