G2 Investment Partners Management LLC Invests $3.34 Million in Five9, Inc. (NASDAQ:FIVN)

G2 Investment Partners Management LLC bought a new stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 82,159 shares of the software maker's stock, valued at approximately $3,339,000. G2 Investment Partners Management LLC owned about 0.11% of Five9 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Lindbrook Capital LLC raised its stake in 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 acquiring an additional 520 shares during the last quarter. Banque Transatlantique SA acquired a new stake in shares of Five9 during the 4th quarter valued at about $36,000. Johnson Financial Group Inc. purchased a new stake in Five9 in the 4th quarter worth $47,000. Steward Partners Investment Advisory LLC lifted 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 in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after purchasing an additional 2,571 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Michael Burkland sold 12,595 shares of the business's stock in a transaction 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. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Leena Mansharamani sold 1,517 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $50,409.91. Following the sale, the chief accounting officer now directly owns 48,300 shares in the company, valued at $1,605,009. This represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,574 shares of company stock worth $1,004,346. 1.60% of the stock is owned by insiders.

Five9 Stock Up 0.4%

Shares of NASDAQ FIVN traded up $0.11 during mid-day trading on Wednesday, reaching $28.37. The company had a trading volume of 519,667 shares, compared to its average volume of 1,658,405. The firm has a 50 day simple moving average of $26.22 and a two-hundred day simple moving average of $34.68. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 52-week low of $21.04 and a 52-week high of $55.45. The stock has a market cap of $2.16 billion, a P/E ratio of -141.84, a PEG ratio of 9.41 and a beta of 1.23.

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, 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 for the quarter, compared to the consensus estimate of $272.26 million. During the same period last year, the firm posted $0.48 EPS. Five9's revenue for the quarter was up 13.2% on a year-over-year basis. Sell-side analysts predict that Five9, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. UBS Group dropped their price target on Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Jefferies Financial Group reduced their target price on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Royal Bank of Canada increased their price target on Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Piper Sandler upped their target price on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Evercore ISI cut their target price on Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to 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.