The Manufacturers Life Insurance Company raised its position in shares of Five9 Inc (NASDAQ:FIVN) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,345 shares of the software maker’s stock after purchasing an additional 9,799 shares during the quarter. The Manufacturers Life Insurance Company owned 0.32% of Five9 worth $4,487,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in FIVN. Tremblant Capital Group acquired a new stake in Five9 during the 3rd quarter valued at $19,544,000. Wells Fargo & Company MN raised its stake in Five9 by 31.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock valued at $36,598,000 after purchasing an additional 366,166 shares during the period. State Street Corp raised its stake in Five9 by 49.3% during the 2nd quarter. State Street Corp now owns 887,639 shares of the software maker’s stock valued at $19,103,000 after purchasing an additional 293,067 shares during the period. Hood River Capital Management LLC raised its stake in Five9 by 51.1% during the 3rd quarter. Hood River Capital Management LLC now owns 633,243 shares of the software maker’s stock valued at $15,135,000 after purchasing an additional 214,047 shares during the period. Finally, Stephens Investment Management Group LLC raised its stake in Five9 by 20.1% during the 3rd quarter. Stephens Investment Management Group LLC now owns 710,084 shares of the software maker’s stock valued at $16,971,000 after purchasing an additional 118,769 shares during the period. 92.66% of the stock is currently owned by institutional investors.
Five9 Inc (NASDAQ FIVN) opened at $31.36 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.35 and a current ratio of 2.35. Five9 Inc has a fifty-two week low of $15.91 and a fifty-two week high of $32.47. The company has a market cap of $1,779.20, a price-to-earnings ratio of -196.00 and a beta of 0.08.
Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Wednesday, February 21st. The software maker reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. Five9 had a negative net margin of 4.48% and a negative return on equity of 24.94%. The business had revenue of $55.40 million for the quarter, compared to analysts’ expectations of $52.31 million. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. sell-side analysts predict that Five9 Inc will post -0.15 earnings per share for the current year.
In other news, Director Michael Burkland sold 227,341 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $30.89, for a total transaction of $7,022,563.49. Following the transaction, the director now directly owns 265,310 shares in the company, valued at approximately $8,195,425.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Daniel P. Burkland sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $24.36, for a total transaction of $243,600.00. Following the transaction, the president now owns 168,291 shares in the company, valued at $4,099,568.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 659,108 shares of company stock worth $18,891,563. 9.10% of the stock is currently owned by corporate insiders.
Several brokerages have issued reports on FIVN. TheStreet raised shares of Five9 from a “d” rating to a “c-” rating in a research note on Tuesday, November 21st. Barclays reissued an “equal weight” rating and set a $28.00 target price (up from $27.00) on shares of Five9 in a research note on Thursday, February 22nd. Roth Capital reissued a “buy” rating on shares of Five9 in a research note on Thursday, February 22nd. BidaskClub downgraded shares of Five9 from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, Canaccord Genuity reissued a “buy” rating and set a $31.00 target price on shares of Five9 in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $26.60.
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Five9 Company Profile
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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