Mirae Asset Global Investments Co. Ltd. increased its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 382,237 shares of the software maker's stock after acquiring an additional 25,075 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.53% of Five9 worth $30,078,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Five9 by 3.2% in the third quarter. Vanguard Group Inc. now owns 7,236,249 shares of the software maker's stock worth $465,291,000 after acquiring an additional 227,183 shares during the period. Wellington Management Group LLP lifted its position in Five9 by 22.9% during the first quarter. Wellington Management Group LLP now owns 3,775,202 shares of the software maker's stock valued at $416,783,000 after purchasing an additional 703,002 shares in the last quarter. Sylebra Capital Ltd lifted its position in shares of Five9 by 3.3% in the first quarter. Sylebra Capital Ltd now owns 2,576,950 shares of the software maker's stock valued at $186,288,000 after acquiring an additional 81,652 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Five9 by 13.9% in the second quarter. Alliancebernstein L.P. now owns 2,501,692 shares of the software maker's stock valued at $206,265,000 after acquiring an additional 306,251 shares in the last quarter. Finally, Wasatch Advisors Inc. lifted its position in shares of Five9 by 11.3% in the first quarter. Wasatch Advisors Inc. now owns 2,190,058 shares of the software maker's stock valued at $241,782,000 after acquiring an additional 221,679 shares in the last quarter. Institutional investors own 96.64% of the company's stock.
Insiders Place Their Bets
In other Five9 news, COO Andy Dignan sold 7,340 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total transaction of $420,435.20. Following the sale, the chief operating officer now directly owns 129,559 shares of the company's stock, valued at approximately $7,421,139.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by insiders.
Five9 Stock Performance
Shares of NASDAQ FIVN traded down $0.13 during mid-day trading on Monday, hitting $59.69. The stock had a trading volume of 1,425,658 shares, compared to its average volume of 1,334,988. The company has a debt-to-equity ratio of 1.38, a quick ratio of 5.53 and a current ratio of 5.53. The company has a 50 day moving average of $65.59 and a two-hundred day moving average of $69.15. Five9, Inc. has a twelve month low of $51.01 and a twelve month high of $92.40. The firm has a market cap of $4.41 billion, a PE ratio of -52.82 and a beta of 0.83.
Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.14. The company had revenue of $239.06 million for the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative return on equity of 12.51% and a negative net margin of 8.98%. Research analysts predict that Five9, Inc. will post -0.42 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently commented on FIVN. Wells Fargo & Company lowered their price objective on Five9 from $100.00 to $90.00 and set an "overweight" rating on the stock in a research report on Thursday, February 22nd. Royal Bank of Canada initiated coverage on Five9 in a research note on Friday, March 15th. They set an "outperform" rating and a $80.00 target price on the stock. Piper Sandler upped their target price on Five9 from $84.00 to $86.00 and gave the company an "overweight" rating in a research note on Friday, January 12th. Barclays dropped their price objective on Five9 from $105.00 to $95.00 and set an "overweight" rating on the stock in a research note on Thursday, February 22nd. Finally, KeyCorp dropped their price objective on Five9 from $93.00 to $86.00 and set an "overweight" rating on the stock in a research note on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.80.
Check Out Our Latest Stock Analysis on FIVN
Five9 Company Profile
(
Free Report)
Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.
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