Stifel Financial Corp Buys 11,449 Shares of Five9, Inc. (NASDAQ:FIVN)

Stifel Financial Corp grew its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 90.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,038 shares of the software maker's stock after buying an additional 11,449 shares during the period. Stifel Financial Corp's holdings in Five9 were worth $977,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FIVN. Norges Bank bought a new stake in Five9 in the fourth quarter worth about $81,280,000. Wellington Management Group LLP increased its holdings in shares of Five9 by 50.9% during the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock valued at $72,496,000 after acquiring an additional 601,348 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Five9 by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 1,317,450 shares of the software maker's stock worth $53,558,000 after buying an additional 105,265 shares during the last quarter. WCM Investment Management LLC grew its position in Five9 by 35.9% during the fourth quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker's stock valued at $21,281,000 after buying an additional 138,019 shares during the period. Finally, Loomis Sayles & Co. L P raised its position in shares of Five9 by 20.7% during the 4th quarter. Loomis Sayles & Co. L P now owns 470,909 shares of the software maker's stock valued at $19,138,000 after purchasing an additional 80,689 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Five9

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction that occurred on 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 owns 126,359 shares of the company's stock, valued at $4,220,390.60. This trade represents a 5.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Leena Mansharamani sold 1,135 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 47,165 shares of the company's stock, valued at approximately $1,424,383. The trade was a 2.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,574 shares of company stock worth $1,004,346 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on FIVN. Rosenblatt Securities reissued a "buy" rating and issued a $36.00 price objective on shares of Five9 in a research note on Tuesday. Mizuho cut their price target on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. UBS Group decreased their target price 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. William Blair reaffirmed an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. Finally, Jefferies Financial Group lowered their price objective on Five9 from $45.00 to $28.00 and set a "hold" rating for the company in a research 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 data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $43.58.

Five9 Stock Performance

FIVN stock traded down $0.63 during midday trading on Thursday, hitting $27.76. 363,445 shares of the company traded hands, compared to its average volume of 1,656,386. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of -139.02, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23. The business has a 50 day simple moving average of $26.14 and a 200-day simple moving average of $34.64. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $55.45. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.14. The company had revenue of $279.71 million during the quarter, compared to analysts' expectations of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business's revenue was up 13.2% on a year-over-year basis. During the same period last year, the business earned $0.48 earnings per share. As a group, equities research analysts predict 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.