G2 Investment Partners Management LLC Takes Position in Five9, Inc. (NASDAQ:FIVN)

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

A number of other institutional investors have also made changes to their positions in FIVN. PNC Financial Services Group Inc. lifted its position in shares of Five9 by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker's stock worth $156,000 after buying an additional 365 shares during the last quarter. Arizona State Retirement System boosted its stake in Five9 by 2.0% in the fourth quarter. Arizona State Retirement System now owns 21,694 shares of the software maker's stock valued at $882,000 after acquiring an additional 424 shares during the period. Lindbrook Capital LLC boosted its stake in Five9 by 155.7% in 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 during the period. Xponance Inc. grew its holdings in shares of Five9 by 6.1% during the fourth quarter. Xponance Inc. now owns 9,421 shares of the software maker's stock valued at $383,000 after purchasing an additional 539 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Five9 by 1.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker's stock worth $1,325,000 after purchasing an additional 590 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the transaction, the executive vice president now owns 126,359 shares in the company, valued at approximately $4,220,390.60. This represents a 5.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 29,574 shares of company stock worth $1,004,346 in the last ninety days. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on FIVN. Rosenblatt Securities restated a "buy" rating and set a $36.00 price objective on shares of Five9 in a research note on Tuesday. UBS Group dropped their price objective 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. Cantor Fitzgerald reiterated an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. Wells Fargo & Company decreased their target price on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada raised their price target on shares of Five9 from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $43.58.

Five9 Trading Up 0.7%

Shares of FIVN traded up $0.21 during midday trading on Tuesday, hitting $28.26. The stock had a trading volume of 1,267,915 shares, compared to its average volume of 1,660,281. The business has a 50-day simple moving average of $26.32 and a two-hundred day simple moving average of $34.73. Five9, Inc. has a fifty-two week low of $21.04 and a fifty-two week high of $55.45. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a market cap of $2.16 billion, a P/E ratio of -141.29, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The firm had revenue of $279.71 million for the quarter, compared to the consensus estimate of $272.26 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business's quarterly revenue was up 13.2% compared to the same quarter last year. As a group, equities analysts forecast that Five9, Inc. will post 0.28 EPS for the current year.

Five9 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.