Goldman Sachs Group Inc. Lowers Position in Five9 Inc. (FIVN)

Goldman Sachs Group Inc. trimmed its holdings in Five9 Inc. (NASDAQ:FIVN) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 199,703 shares of the software maker’s stock after selling 3,832 shares during the period. Goldman Sachs Group Inc. owned 0.36% of Five9 worth $4,969,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Five9 by 1.9% during the 4th quarter. BlackRock Inc. now owns 3,721,206 shares of the software maker’s stock worth $92,583,000 after purchasing an additional 70,510 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Five9 by 3.4% during the 4th quarter. Renaissance Technologies LLC now owns 2,388,800 shares of the software maker’s stock worth $59,433,000 after purchasing an additional 77,800 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Five9 by 31.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock worth $36,598,000 after purchasing an additional 366,166 shares during the last quarter. Tremblant Capital Group boosted its stake in shares of Five9 by 38.2% during the 4th quarter. Tremblant Capital Group now owns 1,129,962 shares of the software maker’s stock worth $28,113,000 after purchasing an additional 312,240 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Five9 by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 487,572 shares of the software maker’s stock worth $12,130,000 after purchasing an additional 16,829 shares during the last quarter. 92.66% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, CEO Barry Zwarenstein sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $25.80, for a total value of $129,000.00. Following the sale, the chief executive officer now directly owns 162,760 shares of the company’s stock, valued at $4,199,208. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Burkland sold 24,496 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $29.05, for a total transaction of $711,608.80. Following the completion of the sale, the director now directly owns 198,586 shares in the company, valued at $5,768,923.30. The disclosure for this sale can be found here. Insiders sold 674,951 shares of company stock worth $19,603,720 over the last three months. Corporate insiders own 9.10% of the company’s stock.

FIVN opened at $27.68 on Friday. 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 1 year low of $16.30 and a 1 year high of $32.47. The company has a market capitalization of $1,629.29, a P/E ratio of -162.82 and a beta of 0.14.

Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, February 21st. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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. Five9’s quarterly revenue was up 25.3% compared to the same quarter last year. equities research analysts anticipate that Five9 Inc. will post -0.15 EPS for the current year.

Several research firms have issued reports on FIVN. BidaskClub cut shares of Five9 from a “strong-buy” rating to a “buy” rating in a research note on Friday. ValuEngine raised shares of Five9 from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. KeyCorp reaffirmed an “equal weight” rating on shares of Five9 in a research note on Thursday, March 15th. Roth Capital reaffirmed a “buy” rating on shares of Five9 in a research note on Thursday, February 22nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $31.00 price target on shares of Five9 in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $26.60.

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Five9 Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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