Point72 Hong Kong Ltd Trims Stake in Five9, Inc. (NASDAQ:FIVN)

Point72 Hong Kong Ltd trimmed its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 47.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,408 shares of the software maker's stock after selling 11,193 shares during the quarter. Point72 Hong Kong Ltd's holdings in Five9 were worth $504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FIVN. Gagnon Securities LLC boosted its stake in shares of Five9 by 10.4% in the 4th quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker's stock valued at $14,878,000 after buying an additional 34,597 shares during the period. Barclays PLC increased its stake in shares of Five9 by 215.8% during the third quarter. Barclays PLC now owns 242,187 shares of the software maker's stock worth $6,956,000 after acquiring an additional 165,487 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Five9 during the fourth quarter worth about $268,000. Janney Montgomery Scott LLC boosted its position in shares of Five9 by 25.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 35,372 shares of the software maker's stock worth $1,438,000 after purchasing an additional 7,140 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Five9 by 7,305.6% during the 4th 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. Institutional investors and hedge funds own 96.64% of the company's stock.

Insider Activity

In related news, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction that occurred 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 directly owns 126,359 shares in the company, valued at approximately $4,220,390.60. The trade was a 5.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Leena Mansharamani sold 1,517 shares of Five9 stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $50,409.91. Following the completion of the transaction, the chief accounting officer now owns 48,300 shares of the company's stock, 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. Insiders sold 29,574 shares of company stock worth $1,004,346 over the last three months. 1.60% of the stock is currently owned by insiders.

Five9 Price Performance

Five9 stock traded down $0.49 during mid-day trading on Tuesday, reaching $26.74. The company had a trading volume of 1,745,818 shares, compared to its average volume of 1,667,639. Five9, Inc. has a fifty-two week low of $21.04 and a fifty-two week high of $53.62. 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 company has a market cap of $2.04 billion, a P/E ratio of -133.69, a P/E/G ratio of 9.41 and a beta of 1.23. The business has a fifty day simple moving average of $26.01 and a 200 day simple moving average of $34.66.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. During the same quarter last year, the firm earned $0.48 earnings per share. The company's revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities research analysts predict that Five9, Inc. will post 0.28 earnings per share for the current year.

Analyst Ratings Changes

FIVN has been the subject of several analyst reports. Jefferies Financial Group cut their target price on shares of Five9 from $45.00 to $28.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Barclays decreased their price target on shares of Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Royal Bank of Canada lifted their price objective 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. Cantor Fitzgerald reiterated an "overweight" rating on shares of Five9 in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company decreased their price target 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. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.58.

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.