Ibex Investors LLC cut its stake in shares of Five9 Inc (NASDAQ:FIVN) by 57.3% in the third quarter, HoldingsChannel.com reports. The fund owned 4,803 shares of the software maker’s stock after selling 6,443 shares during the period. Ibex Investors LLC’s holdings in Five9 were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC bought a new position in shares of Five9 during the 2nd quarter valued at approximately $110,000. Concentric Wealth Management LLC bought a new position in shares of Five9 during the 3rd quarter valued at approximately $208,000. Great West Life Assurance Co. Can grew its stake in shares of Five9 by 81.0% during the 2nd quarter. Great West Life Assurance Co. Can now owns 5,407 shares of the software maker’s stock valued at $187,000 after acquiring an additional 2,419 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Five9 during the 2nd quarter valued at approximately $214,000. Finally, Mirador Capital Partners LP bought a new position in shares of Five9 during the 2nd quarter valued at approximately $234,000. Institutional investors own 97.76% of the company’s stock.
NASDAQ FIVN opened at $41.32 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 6.95 and a current ratio of 6.95. Five9 Inc has a 12 month low of $22.51 and a 12 month high of $49.50. The company has a market capitalization of $2.37 billion, a P/E ratio of 2,019.00, a price-to-earnings-growth ratio of 104.21 and a beta of 0.60.
Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Tuesday, November 6th. The software maker reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.09. Five9 had a positive return on equity of 0.88% and a negative net margin of 1.90%. The company had revenue of $65.30 million for the quarter, compared to analysts’ expectations of $61.70 million. During the same period in the previous year, the firm earned $0.04 EPS. The firm’s revenue was up 30.3% compared to the same quarter last year. As a group, equities analysts forecast that Five9 Inc will post 0.04 earnings per share for the current year.
In related news, CFO Barry Zwarenstein sold 12,913 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $42.35, for a total value of $546,865.55. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Scott Welch sold 1,412 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $46.32, for a total value of $65,403.84. Following the completion of the transaction, the executive vice president now directly owns 78,373 shares in the company, valued at $3,630,237.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,964 shares of company stock worth $4,020,624. 5.10% of the stock is owned by insiders.
A number of brokerages recently issued reports on FIVN. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Friday, September 28th. Roth Capital boosted their price objective on Five9 from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, November 7th. Dougherty & Co began coverage on Five9 in a research note on Tuesday, October 16th. They set a “hold” rating for the company. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Five9 in a research note on Thursday, August 23rd. Finally, BidaskClub upgraded Five9 from a “hold” rating to a “buy” rating in a research note on Wednesday, November 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $40.92.
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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.
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