WCM Investment Management LLC grew its holdings in Five9, Inc. (NASDAQ:FIVN - Free Report) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295,566 shares of the software maker's stock after purchasing an additional 26,533 shares during the quarter. WCM Investment Management LLC owned about 0.41% of Five9 worth $23,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sylebra Capital LLC bought a new stake in Five9 in the 3rd quarter valued at about $129,467,000. T. Rowe Price Investment Management Inc. increased its position in Five9 by 402.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,848,061 shares of the software maker's stock valued at $125,410,000 after buying an additional 1,479,988 shares in the last quarter. Norges Bank bought a new stake in Five9 in the 4th quarter valued at about $55,363,000. Wellington Management Group LLP increased its position in Five9 by 22.9% in the 1st quarter. Wellington Management Group LLP now owns 3,775,202 shares of the software maker's stock valued at $416,783,000 after buying an additional 703,002 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in Five9 by 166.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 817,582 shares of the software maker's stock valued at $67,410,000 after buying an additional 510,688 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Five9
In related news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total transaction of $420,435.20. Following the completion of the sale, the chief operating officer now owns 129,559 shares of the company's stock, valued at $7,421,139.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is owned by corporate insiders.
Five9 Stock Performance
Shares of NASDAQ:FIVN traded down $1.25 during trading on Friday, hitting $59.54. 732,236 shares of the company were exchanged, compared to its average volume of 1,247,694. The company has a market cap of $4.40 billion, a PE ratio of -52.69 and a beta of 0.83. The stock has a 50 day moving average of $64.40 and a 200 day moving average of $69.02. Five9, Inc. has a 52-week low of $51.01 and a 52-week high of $92.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.53 and a quick ratio of 5.53.
Five9 (NASDAQ:FIVN - Get Free Report) last posted its earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.14. The firm 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%. As a group, equities research analysts predict that Five9, Inc. will post -0.42 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Barclays decreased their target price on Five9 from $105.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, February 22nd. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of Five9 in a report on Thursday, February 22nd. Piper Sandler boosted their price objective on Five9 from $84.00 to $86.00 and gave the stock an "overweight" rating in a report on Friday, January 12th. Wells Fargo & Company decreased their price objective on Five9 from $100.00 to $90.00 and set an "overweight" rating for the company in a report on Thursday, February 22nd. Finally, KeyCorp decreased their price objective on Five9 from $93.00 to $86.00 and set an "overweight" rating for the company in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $87.80.
View Our Latest Stock Report on FIVN
About Five9
(
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.
Featured Articles
Before you consider Five9, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Five9 wasn't on the list.
While Five9 currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
