California Public Employees Retirement System boosted its position in Five9, Inc. (NASDAQ:FIVN) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,700 shares of the software maker’s stock after purchasing an additional 1,800 shares during the period. California Public Employees Retirement System owned about 0.07% of Five9 worth $854,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIVN. BNP Paribas Arbitrage SA increased its stake in Five9 by 4,389.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock valued at $120,000 after purchasing an additional 5,443 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Five9 in the 2nd quarter valued at approximately $219,000. KCG Holdings Inc. purchased a new position in Five9 in the 1st quarter valued at approximately $236,000. D.A. Davidson & CO. increased its stake in Five9 by 20.8% in the 2nd quarter. D.A. Davidson & CO. now owns 11,476 shares of the software maker’s stock valued at $246,000 after purchasing an additional 1,976 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Five9 by 67.3% during the second quarter. Legal & General Group Plc now owns 13,272 shares of the software maker’s stock worth $285,000 after buying an additional 5,339 shares in the last quarter. 91.67% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Michael Burkland sold 600,000 shares of Five9 stock in a transaction on Monday, November 13th. The stock was sold at an average price of $24.05, for a total value of $14,430,000.00. Following the completion of the sale, the chief executive officer now owns 1,194,161 shares of the company’s stock, valued at $28,719,572.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel P. Burkland sold 4,202 shares of Five9 stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $21.03, for a total value of $88,368.06. Following the completion of the sale, the executive vice president now directly owns 136,436 shares of the company’s stock, valued at approximately $2,869,249.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 670,816 shares of company stock valued at $16,007,408. Company insiders own 9.10% of the company’s stock.
Several equities analysts have weighed in on FIVN shares. Northland Securities set a $25.00 price target on Five9 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Morgan Stanley reissued an “equal weight” rating and set a $21.00 price target (up previously from $18.00) on shares of Five9 in a research report on Thursday, July 20th. Canaccord Genuity raised their price target on Five9 from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Needham & Company LLC reissued a “buy” rating and set a $26.00 price target (up previously from $21.00) on shares of Five9 in a research report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded Five9 from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $24.75.
Shares of Five9, Inc. (NASDAQ:FIVN) opened at $25.31 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.04. Five9, Inc. has a 1 year low of $12.58 and a 1 year high of $27.81.
Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.05. The business had revenue of $50.08 million during the quarter, compared to the consensus estimate of $48.20 million. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. research analysts anticipate that Five9, Inc. will post -0.19 EPS for the current fiscal year.
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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