Tairen Capital Ltd Has $867,000 Stock Position in Five9, Inc. (NASDAQ:FIVN)

Tairen Capital Ltd boosted its holdings in Five9, Inc. (NASDAQ:FIVN) by 25.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,343 shares of the software maker’s stock after buying an additional 4,302 shares during the quarter. Tairen Capital Ltd’s holdings in Five9 were worth $867,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC lifted its stake in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after acquiring an additional 520 shares during the last quarter. Banque Transatlantique SA bought a new position in Five9 in the fourth quarter valued at about $36,000. Johnson Financial Group Inc. bought a new position in Five9 in the fourth quarter valued at about $47,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after purchasing an additional 2,571 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on FIVN. Needham & Company LLC cut their target price on shares of Five9 from $52.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. UBS Group cut their price target 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. Piper Sandler boosted their price objective on shares of Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Mizuho lowered their target price on Five9 from $55.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Finally, William Blair reaffirmed an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.58.

Five9 Price Performance

Five9 stock opened at $28.05 on Monday. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -140.24, a PEG ratio of 9.41 and a beta of 1.23. Five9, Inc. has a 52-week low of $21.04 and a 52-week high of $53.90. 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’s 50 day moving average price is $26.05 and its two-hundred day moving average price is $34.68.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $279.71 million for the quarter, compared to analyst estimates of $272.26 million. During the same period in the prior year, the firm earned $0.48 earnings per share. Five9’s revenue was up 13.2% on a year-over-year basis. On average, equities analysts predict that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Transactions at Five9

In related news, EVP Panos Kozanian sold 7,619 shares of the company’s stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the transaction, the chief executive officer now owns 404,056 shares in the company, valued at approximately $14,396,515.28. The trade was a 3.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,574 shares of company stock valued at $1,004,346 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

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.