Five9, Inc. (NASDAQ:FIVN) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC reduced its stake in Five9, Inc. (NASDAQ:FIVN - Free Report) by 85.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,286 shares of the software maker's stock after selling 64,061 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Five9 were worth $459,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Norges Bank bought a new stake in Five9 in the 4th quarter valued at $81,280,000. Wellington Management Group LLP increased its holdings in shares of Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock worth $72,496,000 after buying an additional 601,348 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Five9 by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 1,317,450 shares of the software maker's stock worth $53,558,000 after buying an additional 105,265 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Five9 in the 4th quarter worth about $51,061,000. Finally, WCM Investment Management LLC increased its holdings in shares of Five9 by 35.9% in the 4th quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker's stock worth $21,281,000 after buying an additional 138,019 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FIVN shares. Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a report on Wednesday, April 2nd. Barclays reduced their target price on shares of Five9 from $60.00 to $33.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. William Blair restated an "outperform" rating on shares of Five9 in a report on Thursday, March 13th. Needham & Company LLC reduced their target price on shares of Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Mizuho cut their price target on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, Five9 currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.58.

Insiders Place Their Bets

In other Five9 news, CAO Leena Mansharamani sold 1,135 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the transaction, the chief accounting officer now owns 47,165 shares of the company's stock, valued at approximately $1,424,383. This trade represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the transaction, the executive vice president now directly owns 126,359 shares of the company's stock, valued at approximately $4,220,390.60. This represents a 5.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,574 shares of company stock valued at $1,004,346. Insiders own 1.60% of the company's stock.

Five9 Stock Up 0.8%

NASDAQ:FIVN traded up $0.23 during midday trading on Friday, reaching $27.90. 314,242 shares of the stock traded hands, compared to its average volume of 1,655,744. Five9, Inc. has a 12-month low of $21.04 and a 12-month high of $54.18. The business has a 50-day moving average of $26.08 and a two-hundred day moving average of $34.63. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market capitalization of $2.13 billion, a PE ratio of -139.48, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23.

Five9 (NASDAQ:FIVN - Get Free Report) last posted 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 negative net margin of 1.23% and a positive return on equity of 3.62%. The company had revenue of $279.71 million during the quarter, compared to analysts' expectations of $272.26 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. Five9's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current fiscal 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.