Five9, Inc. (NASDAQ:FIVN) Shares Sold by Next Century Growth Investors LLC

Next Century Growth Investors LLC decreased its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 12.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,720 shares of the software maker’s stock after selling 3,244 shares during the period. Next Century Growth Investors LLC’s holdings in Five9 were worth $4,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Quadrant Capital Group LLC lifted its position in shares of Five9 by 36.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 189 shares of the software maker’s stock valued at $35,000 after buying an additional 50 shares in the last quarter. Berman Capital Advisors LLC lifted its position in shares of Five9 by 454.2% during the 2nd quarter. Berman Capital Advisors LLC now owns 327 shares of the software maker’s stock valued at $59,000 after buying an additional 268 shares in the last quarter. Sageworth Trust Co purchased a new position in shares of Five9 during the 1st quarter valued at approximately $78,000. FORA Capital LLC lifted its position in shares of Five9 by 249.4% during the 1st quarter. FORA Capital LLC now owns 580 shares of the software maker’s stock valued at $91,000 after buying an additional 414 shares in the last quarter. Finally, Tobam lifted its position in shares of Five9 by 150.0% during the 2nd quarter. Tobam now owns 500 shares of the software maker’s stock valued at $92,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

A number of brokerages have weighed in on FIVN. Northland Securities upgraded Five9 from a “market perform” rating to an “outperform” rating and set a $200.00 price objective on the stock in a report on Friday, October 1st. Evercore ISI upgraded Five9 from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $185.00 to $205.00 in a report on Friday, October 1st. Craig Hallum lowered Five9 from a “buy” rating to a “hold” rating and set a $200.00 price objective on the stock. in a report on Tuesday, July 20th. Barclays upgraded Five9 from an “equal weight” rating to an “overweight” rating and set a $206.00 price target on the stock in a report on Friday, October 1st. Finally, Truist Financial lowered Five9 to a “hold” rating and set a $212.00 price target on the stock. in a report on Monday, August 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Five9 presently has an average rating of “Hold” and an average price target of $195.77.

In other news, CEO Rowan M. Trollope sold 6,000 shares of Five9 stock in a transaction dated Thursday, August 5th. The stock was sold at an average price of $208.79, for a total value of $1,252,740.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rowan M. Trollope sold 4,000 shares of Five9 stock in a transaction dated Tuesday, October 5th. The shares were sold at an average price of $154.96, for a total value of $619,840.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,582 shares of company stock valued at $9,543,773. 2.50% of the stock is currently owned by corporate insiders.

NASDAQ FIVN traded up $4.21 during trading on Thursday, hitting $160.00. The stock had a trading volume of 54,452 shares, compared to its average volume of 1,271,094. The company has a market capitalization of $10.83 billion, a PE ratio of -219.42 and a beta of 0.48. The company has a quick ratio of 4.80, a current ratio of 4.80 and a debt-to-equity ratio of 4.75. The firm has a 50 day moving average price of $172.11 and a 200 day moving average price of $175.25. Five9, Inc. has a twelve month low of $130.32 and a twelve month high of $211.68.

Five9 (NASDAQ:FIVN) last released its earnings results on Tuesday, July 27th. The software maker reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.09. The company had revenue of $143.78 million during the quarter, compared to the consensus estimate of $132.46 million. Five9 had a negative return on equity of 2.67% and a negative net margin of 9.11%. Five9’s revenue was up 44.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. On average, sell-side analysts anticipate that Five9, Inc. will post -0.22 earnings per share for the current year.

About Five9

Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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