Graham Capital Management L.P. Sells 7,914 Shares of Five9, Inc. (NASDAQ:FIVN)

Graham Capital Management L.P. reduced its stake in Five9, Inc. (NASDAQ:FIVN) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,661 shares of the software maker’s stock after selling 7,914 shares during the period. Graham Capital Management L.P. owned approximately 0.06% of Five9 worth $1,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Five9 in the 4th quarter worth approximately $81,280,000. Ameriprise Financial Inc. boosted its holdings in shares of Five9 by 353.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock worth $97,356,000 after acquiring an additional 1,867,137 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Five9 in the 4th quarter worth approximately $51,061,000. Wellington Management Group LLP boosted 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 acquiring an additional 601,348 shares in the last quarter. Finally, Cooper Creek Partners Management LLC acquired a new position in shares of Five9 in the 4th quarter worth approximately $14,782,000. 96.64% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Leena Mansharamani sold 1,517 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $50,409.91. Following the completion of the transaction, the chief accounting officer now owns 48,300 shares in the company, valued at $1,605,009. This trade represents a 3.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Barry Zwarenstein sold 2,468 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $82,011.64. Following the completion of the transaction, the chief financial officer now owns 92,583 shares of the company’s stock, valued at $3,076,533.09. The trade was a 2.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,574 shares of company stock worth $1,004,346 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

FIVN has been the topic of several recent analyst reports. Barclays reduced their target price on Five9 from $60.00 to $33.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Needham & Company LLC reduced their price objective on Five9 from $52.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. William Blair reaffirmed an “outperform” rating on shares of Five9 in a report on Thursday, March 13th. UBS Group reduced their price objective on Five9 from $55.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, Evercore ISI reduced their price objective on Five9 from $55.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.58.

Five9 Price Performance

FIVN stock opened at $26.56 on Monday. The stock has a 50-day moving average price of $26.44 and a two-hundred day moving average price of $34.74. The stock has a market cap of $2.03 billion, a PE ratio of -132.79, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $55.45.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.14. The company had revenue of $279.71 million during the quarter, compared to analysts’ expectations of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. Five9’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. Equities analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Five9 Company 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.