Five9, Inc. (NASDAQ:FIVN) is Prospect Capital Advisors LLC's 8th Largest Position

Prospect Capital Advisors LLC reduced its stake in Five9, Inc. (NASDAQ:FIVN - Free Report) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,560 shares of the software maker's stock after selling 10,600 shares during the period. Five9 accounts for 4.4% of Prospect Capital Advisors LLC's holdings, making the stock its 8th biggest holding. Prospect Capital Advisors LLC owned about 0.25% of Five9 worth $7,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC increased its holdings in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after acquiring an additional 520 shares in the last quarter. Banque Transatlantique SA purchased a new position in shares of Five9 during the fourth quarter worth $36,000. Johnson Financial Group Inc. purchased a new stake in shares of Five9 in the fourth quarter worth about $47,000. Steward Partners Investment Advisory LLC raised its position in 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 valued at $54,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock valued at $107,000 after acquiring an additional 2,571 shares during the period. 96.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Michael Burkland sold 12,595 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was 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 $14,396,515.28. This trade represents a 3.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of Five9 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 transaction, the executive vice president now directly owns 126,359 shares of the company's stock, valued at approximately $4,220,390.60. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,574 shares of company stock worth $1,004,346. Corporate insiders own 1.60% of the company's stock.

Five9 Stock Performance

FIVN traded down $0.31 during trading on Tuesday, hitting $26.93. 620,617 shares of the stock were exchanged, compared to its average volume of 1,748,830. The stock has a fifty day moving average price of $26.01 and a two-hundred day moving average price of $34.66. The firm has a market capitalization of $2.05 billion, a P/E ratio of -134.59, a PEG ratio of 9.41 and a beta of 1.23. Five9, Inc. has a 1-year low of $21.04 and a 1-year high of $53.62. 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 posted its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, topping 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 firm's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS. As a group, sell-side analysts predict that Five9, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Evercore ISI cut their price target on Five9 from $55.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. William Blair reissued an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. Needham & Company LLC decreased their price target on Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. UBS Group cut their target price on Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Jefferies Financial Group reduced their price target on shares of Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.