Axa S.A. Sells 563,662 Shares of Five9, Inc. (NASDAQ:FIVN)

AXA S.A. lessened its stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 93.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,346 shares of the software maker's stock after selling 563,662 shares during the quarter. AXA S.A. owned about 0.05% of Five9 worth $1,680,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in FIVN. Norges Bank acquired a new stake in Five9 in the 4th quarter worth $81,280,000. Wellington Management Group LLP raised its holdings 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 valued at $72,496,000 after acquiring an additional 601,348 shares in the last quarter. Geode Capital Management LLC lifted its position 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 acquiring an additional 105,265 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Five9 during the fourth quarter valued at approximately $51,061,000. Finally, WCM Investment Management LLC boosted its stake in Five9 by 35.9% during the fourth quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker's stock worth $21,281,000 after buying an additional 138,019 shares in the last quarter. Institutional investors own 96.64% of the company's stock.

Analyst Ratings Changes

FIVN has been the topic of a number of analyst reports. Barclays lowered their target price on shares of Five9 from $60.00 to $33.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Piper Sandler increased their target price on shares of Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. William Blair restated an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. Royal Bank of Canada upped their price objective on shares of Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley reduced their target price on Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $43.58.

Five9 Trading Up 5.8%

FIVN stock traded up $1.53 during midday trading on Monday, hitting $28.05. 1,508,511 shares of the company's stock were exchanged, compared to its average volume of 1,661,849. 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, Inc. has a one year low of $21.04 and a one year high of $55.45. The stock's fifty day moving average price is $26.44 and its 200-day moving average price is $34.74. The company has a market cap of $2.14 billion, a PE ratio of -140.24, a price-to-earnings-growth 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, beating 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 firm had revenue of $279.71 million for the quarter, compared to analyst estimates of $272.26 million. During the same period in the previous year, the business earned $0.48 EPS. The company's revenue was up 13.2% compared to the same quarter last year. Research analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Activity at Five9

In other news, 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 transaction of $254,474.60. Following the completion of the sale, the executive vice president now owns 126,359 shares of the company's stock, valued at approximately $4,220,390.60. This trade represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of the company'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 sale, the chief executive officer now owns 404,056 shares of the company's stock, valued at approximately $14,396,515.28. The trade was a 3.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,574 shares of company stock worth $1,004,346. Insiders own 1.60% of the company's stock.

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.