Intrinsic Edge Capital Management LLC Boosts Stake in Five9, Inc. (NASDAQ:FIVN)

Intrinsic Edge Capital Management LLC boosted its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 14.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,000 shares of the software maker's stock after buying an additional 52,526 shares during the quarter. Five9 accounts for approximately 2.1% of Intrinsic Edge Capital Management LLC's holdings, making the stock its 10th biggest holding. Intrinsic Edge Capital Management LLC owned about 0.55% of Five9 worth $16,947,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gagnon Securities LLC lifted its holdings in Five9 by 10.4% in the fourth quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker's stock worth $14,878,000 after acquiring an additional 34,597 shares during the last quarter. Barclays PLC raised its holdings in shares of Five9 by 215.8% during the third quarter. Barclays PLC now owns 242,187 shares of the software maker's stock valued at $6,956,000 after buying an additional 165,487 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Five9 in the 4th quarter valued at approximately $268,000. Janney Montgomery Scott LLC raised its stake in Five9 by 25.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 35,372 shares of the software maker's stock valued at $1,438,000 after acquiring an additional 7,140 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after purchasing an additional 1,315 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Stock Performance

Five9 stock traded up $0.57 during mid-day trading on Thursday, hitting $25.71. 1,838,911 shares of the company's stock traded hands, compared to its average volume of 1,635,739. Five9, Inc. has a fifty-two week low of $21.04 and a fifty-two week high of $60.76. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of -128.07, a P/E/G ratio of 9.41 and a beta of 1.29. The firm has a 50 day simple moving average of $28.06 and a two-hundred day simple moving average of $34.91. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. On average, research analysts expect that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Insider Transactions at Five9

In other Five9 news, COO Andy Dignan sold 2,840 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $94,373.20. Following the transaction, the chief operating officer now directly owns 194,201 shares of the company's stock, valued at approximately $6,453,299.23. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the transaction, the chief accounting officer now directly owns 47,165 shares in the company, valued at $1,424,383. This trade represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,574 shares of company stock valued at $1,004,346. Corporate insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

FIVN has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Piper Sandler boosted their price objective on Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Jefferies Financial Group lowered their target price on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a report on Monday. Barclays raised their price objective on shares of Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $52.00 target price on shares of Five9 in a report on Friday, April 4th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.17.

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.