Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Five9, Inc. (NASDAQ:FIVN – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor bought 51,534 shares of the software maker’s stock, valued at approximately $782,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System increased its stake in Five9 by 0.8% in the second quarter. California State Teachers Retirement System now owns 69,189 shares of the software maker’s stock valued at $1,832,000 after acquiring an additional 549 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in Five9 by 7.3% during the fourth quarter. Citizens Financial Group Inc. RI now owns 11,358 shares of the software maker’s stock worth $228,000 after purchasing an additional 776 shares during the last quarter. Franklin Resources Inc. lifted its stake in Five9 by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 56,303 shares of the software maker’s stock worth $1,129,000 after purchasing an additional 807 shares during the last quarter. Quarry LP acquired a new stake in shares of Five9 in the 3rd quarter valued at $33,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Five9 in the 3rd quarter valued at $38,000. Institutional investors own 96.64% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on FIVN shares. Cantor Fitzgerald lifted their price target on Five9 from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Five9 in a research note on Wednesday, June 24th. Zacks Research lowered Five9 from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group reiterated a “hold” rating on shares of Five9 in a research report on Friday, May 1st. Finally, Weiss Ratings raised Five9 from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 19th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.93.
Five9 Stock Performance
Shares of FIVN stock opened at $27.51 on Monday. Five9, Inc. has a twelve month low of $13.29 and a twelve month high of $28.86. The stock’s fifty day simple moving average is $23.23 and its 200 day simple moving average is $19.49. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $2.11 billion, a P/E ratio of 41.68 and a beta of 1.41.
Five9 (NASDAQ:FIVN – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The software maker reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Five9 had a return on equity of 12.66% and a net margin of 4.87%.The firm had revenue of $305.32 million for the quarter, compared to analyst estimates of $299.92 million. During the same period last year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, sell-side analysts predict that Five9, Inc. will post 1.39 EPS for the current fiscal year.
Insider Transactions at Five9
In other news, CFO Bryan M. Lee sold 16,620 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $24.81, for a total transaction of $412,342.20. Following the completion of the transaction, the chief financial officer owned 311,462 shares of the company’s stock, valued at approximately $7,727,372.22. This trade represents a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Tiffany N. Meriweather sold 21,320 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $20.98, for a total transaction of $447,293.60. Following the completion of the sale, the insider directly owned 281,298 shares in the company, valued at approximately $5,901,632.04. This represents a 7.05% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 85,820 shares of company stock worth $2,014,057. 1.20% of the stock is currently owned by insiders.
Five9 Profile
Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.
Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.
See Also
- Five stocks we like better than Five9
- 3 Fixed-Income ETFs Show Why Yield Is Only Part of the Income Story
- AbbVie Quietly Solved Its Biggest Problem—Now What?
- Rio Tinto’s Results Make the Case for Looking Beyond Tech in the AI Trade
- Strategy’s Structural Strength: Hidden in a $8 Billion Illusion
Want to see what other hedge funds are holding FIVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five9, Inc. (NASDAQ:FIVN – Free Report).
Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.
