Teachers Advisors LLC boosted its stake in Five9, Inc. (NASDAQ:FIVN) by 107.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 162,982 shares of the software maker’s stock after buying an additional 84,304 shares during the period. Teachers Advisors LLC owned approximately 0.31% of Five9 worth $2,313,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. SECOR Capital Advisors LP boosted its stake in Five9 by 253.1% in the third quarter. SECOR Capital Advisors LP now owns 169,917 shares of the software maker’s stock valued at $2,664,000 after buying an additional 121,800 shares during the period. Kornitzer Capital Management Inc. KS acquired a new position in Five9 during the third quarter valued at approximately $6,746,000. G2 Investment Partners Management LLC acquired a new position in Five9 during the third quarter valued at approximately $3,112,000. Picton Mahoney Asset Management raised its position in Five9 by 1.8% in the third quarter. Picton Mahoney Asset Management now owns 326,400 shares of the software maker’s stock valued at $5,119,000 after buying an additional 5,900 shares in the last quarter. Finally, Castleark Management LLC raised its position in Five9 by 11.8% in the fourth quarter. Castleark Management LLC now owns 520,209 shares of the software maker’s stock valued at $7,382,000 after buying an additional 54,885 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.
Five9, Inc. (FIVN) traded down 2.189% during trading on Tuesday, hitting $22.565. 127,965 shares of the stock traded hands. Five9, Inc. has a 52-week low of $10.75 and a 52-week high of $24.80. The stock’s market cap is $1.23 billion. The stock has a 50 day moving average price of $21.78 and a 200-day moving average price of $17.53.
Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Wednesday, May 3rd. The software maker reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The business had revenue of $47.01 million for the quarter, compared to analyst estimates of $44.67 million. Five9 had a negative return on equity of 42.68% and a negative net margin of 7.13%. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) earnings per share. On average, analysts anticipate that Five9, Inc. will post ($0.02) EPS for the current fiscal year.
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A number of equities research analysts have issued reports on FIVN shares. Pacific Crest reissued an “overweight” rating and issued a $22.00 price target on shares of Five9 in a report on Tuesday, April 4th. Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 target price on shares of Five9 in a research note on Monday, May 1st. Needham & Company LLC reissued a “buy” rating and set a $21.00 price target on shares of Five9 in a research report on Sunday, April 2nd. BidaskClub cut shares of Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Zacks Investment Research cut shares of Five9 from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Five9 has an average rating of “Buy” and a consensus price target of $18.86.
In other news, EVP Gaurav Passi sold 75,046 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $21.44, for a total value of $1,608,986.24. Following the transaction, the executive vice president now directly owns 132,980 shares in the company, valued at approximately $2,851,091.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Barry Zwarenstein sold 11,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $21.97, for a total value of $241,670.00. Following the completion of the transaction, the chief financial officer now owns 362,639 shares in the company, valued at $7,967,178.83. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 228,485 shares of company stock worth $4,798,028. Corporate insiders own 9.10% of the company’s stock.
Five9 Company Profile
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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