Five9, Inc. (NASDAQ:FIVN) Stock Holdings Lowered by Prospect Capital Advisors LLC

Prospect Capital Advisors LLC trimmed its position in Five9, Inc. (NASDAQ:FIVN) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,560 shares of the software maker’s stock after selling 10,600 shares during the quarter. Five9 accounts for approximately 4.4% of Prospect Capital Advisors LLC’s holdings, making the stock its 8th biggest holding. Prospect Capital Advisors LLC owned about 0.25% of Five9 worth $7,622,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of Five9 by 353.3% in the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock worth $97,356,000 after buying an additional 1,867,137 shares during the period. Norges Bank purchased a new position in Five9 during the 4th quarter valued at $81,280,000. Wellington Management Group LLP increased its position in Five9 by 50.9% during the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after purchasing an additional 601,348 shares during the period. Geode Capital Management LLC increased its position in Five9 by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 1,317,450 shares of the software maker’s stock valued at $53,558,000 after purchasing an additional 105,265 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Five9 during the 4th quarter valued at $51,061,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on FIVN shares. Mizuho reduced their price objective on shares of Five9 from $55.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Barclays reduced their price objective on shares of Five9 from $60.00 to $33.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Piper Sandler boosted their target price on shares of Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, February 21st. UBS Group dropped their target price on shares of Five9 from $55.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, Needham & Company LLC dropped their price target on shares of Five9 from $52.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.58.

Five9 Trading Up 0.5%

Five9 stock opened at $28.39 on Thursday. The firm has a 50 day moving average of $26.14 and a 200 day moving average of $34.64. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of -141.94, a P/E/G ratio of 9.41 and a beta of 1.23. Five9, Inc. has a 12-month low of $21.04 and a 12-month high of $55.45. 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 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. During the same period in the prior year, the company posted $0.48 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, research analysts predict that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Activity

In other Five9 news, CAO Leena Mansharamani sold 1,135 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $34,277.00. Following the transaction, the chief accounting officer now owns 47,165 shares in the company, valued at $1,424,383. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Burkland sold 12,595 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the sale, the chief executive officer now owns 404,056 shares of the company’s stock, valued at $14,396,515.28. This trade represents a 3.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,574 shares of company stock worth $1,004,346. 1.60% of the stock is currently owned by insiders.

About Five9

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.