Penn Capital Management Co. Inc. cut its stake in Five9 Inc (NASDAQ:FIVN) by 16.6% in the 1st quarter, HoldingsChannel reports. The fund owned 190,476 shares of the software maker’s stock after selling 37,860 shares during the period. Five9 accounts for approximately 1.2% of Penn Capital Management Co. Inc.’s holdings, making the stock its 14th largest holding. Penn Capital Management Co. Inc.’s holdings in Five9 were worth $12,797,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Flinton Capital Management LLC bought a new position in shares of Five9 in the fourth quarter valued at approximately $30,000. Winslow Evans & Crocker Inc. bought a new position in shares of Five9 in the first quarter valued at approximately $30,000. Pearl River Capital LLC bought a new position in shares of Five9 in the first quarter valued at approximately $32,000. Mckinley Capital Management LLC Delaware bought a new position in shares of Five9 in the fourth quarter valued at approximately $34,000. Finally, Private Capital Group LLC boosted its holdings in shares of Five9 by 263.4% in the fourth quarter. Private Capital Group LLC now owns 1,061 shares of the software maker’s stock valued at $46,000 after acquiring an additional 769 shares in the last quarter. Institutional investors and hedge funds own 99.57% of the company’s stock.
In other Five9 news, Director Michael Burkland sold 1,700 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $56.01, for a total value of $95,217.00. Following the completion of the sale, the director now owns 82,171 shares in the company, valued at approximately $4,602,397.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Daniel P. Burkland sold 15,000 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $51.93, for a total transaction of $778,950.00. Following the completion of the sale, the president now owns 159,869 shares of the company’s stock, valued at approximately $8,301,997.17. The disclosure for this sale can be found here. Insiders sold a total of 636,332 shares of company stock valued at $32,865,472 in the last ninety days. Company insiders own 4.90% of the company’s stock.
Five9 stock traded up $0.21 during midday trading on Wednesday, reaching $48.66. The stock had a trading volume of 37,133 shares, compared to its average volume of 633,677. Five9 Inc has a twelve month low of $29.71 and a twelve month high of $57.90. The company has a debt-to-equity ratio of 1.37, a quick ratio of 6.12 and a current ratio of 6.12. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 324.40 and a beta of 0.59.
Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. Five9 had a negative net margin of 0.56% and a positive return on equity of 8.35%. The firm had revenue of $74.54 million during the quarter, compared to analyst estimates of $70.81 million. During the same quarter last year, the business posted $0.08 EPS. The company’s revenue was up 26.5% on a year-over-year basis. Equities analysts forecast that Five9 Inc will post -0.03 earnings per share for the current fiscal year.
FIVN has been the subject of several recent analyst reports. Morgan Stanley set a $58.00 price objective on shares of Five9 and gave the company a “buy” rating in a report on Wednesday, February 20th. Needham & Company LLC raised their target price on shares of Five9 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. Craig Hallum reduced their target price on shares of Five9 from $64.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, February 20th. Canaccord Genuity raised their target price on shares of Five9 from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. They noted that the move was a valuation call. Finally, SunTrust Banks raised their target price on shares of Five9 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $53.54.
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Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company 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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