Fuller & Thaler Asset Management Inc. Makes New Investment in Five9, Inc. (NASDAQ:FIVN)

Fuller & Thaler Asset Management Inc. purchased a new stake in Five9, Inc. (NASDAQ:FIVN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,256,412 shares of the software maker's stock, valued at approximately $51,061,000. Fuller & Thaler Asset Management Inc. owned 1.67% of Five9 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Lindbrook Capital LLC increased its holdings in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after buying an additional 520 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of 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 acquiring an additional 1,315 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Five9 by 3,955.4% in the 4th 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 last quarter. Conquis Financial LLC bought a new stake in shares of Five9 in the 4th quarter valued at about $122,000. Finally, FNY Investment Advisers LLC raised its position in Five9 by 324.8% during the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker's stock valued at $132,000 after purchasing an additional 2,485 shares during the last quarter. Institutional investors own 96.64% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on FIVN shares. Needham & Company LLC reaffirmed a "buy" rating and set a $52.00 price target on shares of Five9 in a research report on Friday, April 4th. Piper Sandler upped their target price on Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Mizuho lowered their price objective on Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. William Blair reissued an "outperform" rating on shares of Five9 in a report on Thursday, March 13th. Finally, Jefferies Financial Group lowered their price target on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.17.

Five9 Trading Up 1.4 %

Five9 stock traded up $0.36 during mid-day trading on Tuesday, hitting $25.48. The company's stock had a trading volume of 769,388 shares, compared to its average volume of 1,627,465. The stock has a market cap of $1.94 billion, a PE ratio of -127.09, a P/E/G ratio of 9.41 and a beta of 1.29. Five9, Inc. has a one year low of $21.04 and a one year high of $60.76. The company has a 50 day moving average of $28.73 and a 200-day moving average of $35.05. 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 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The company had revenue of $278.66 million for the quarter, compared to analysts' expectations of $267.70 million. On average, research analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.

Insider Activity at Five9

In other news, CEO Michael Burkland sold 12,595 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction 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. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the company'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 sale, the executive vice president now directly owns 126,359 shares in the company, valued at $4,220,390.60. This represents a 5.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have 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.