First Washington CORP Buys 22,194 Shares of Five9, Inc. (NASDAQ:FIVN)

First Washington CORP raised its stake in Five9, Inc. (NASDAQ:FIVN) by 74.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,944 shares of the software maker’s stock after acquiring an additional 22,194 shares during the period. First Washington CORP’s holdings in Five9 were worth $2,291,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Five9 by 2.1% during the first quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock valued at $461,948,000 after purchasing an additional 150,786 shares in the last quarter. Wasatch Advisors LP increased its stake in Five9 by 1.9% in the 1st quarter. Wasatch Advisors LP now owns 3,459,581 shares of the software maker’s stock worth $214,875,000 after acquiring an additional 63,200 shares during the last quarter. Sylebra Capital LLC increased its stake in Five9 by 1.5% in the 1st quarter. Sylebra Capital LLC now owns 2,347,108 shares of the software maker’s stock worth $145,779,000 after acquiring an additional 34,681 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Five9 by 38.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock worth $64,257,000 after acquiring an additional 406,188 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its position in shares of Five9 by 52.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock valued at $57,307,000 after acquiring an additional 446,151 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FIVN. Piper Sandler restated an “overweight” rating and issued a $47.00 price target on shares of Five9 in a research report on Wednesday, August 21st. Northland Securities decreased their target price on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. StockNews.com raised shares of Five9 from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. BTIG Research reduced their price objective on Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Robert W. Baird lowered Five9 from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $90.00 to $40.00 in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.35.

Five9 Trading Down 1.4 %

FIVN stock opened at $28.39 on Wednesday. The company has a market capitalization of $2.10 billion, a PE ratio of -33.40 and a beta of 0.86. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $92.40. The firm’s 50-day moving average is $36.64 and its 200 day moving average is $47.23.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The business had revenue of $252.09 million for the quarter, compared to analyst estimates of $244.54 million. On average, research analysts anticipate that Five9, Inc. will post -0.09 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Barry Zwarenstein sold 6,207 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $45.01, for a total transaction of $279,377.07. Following the transaction, the chief financial officer now owns 85,121 shares in the company, valued at $3,831,296.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Barry Zwarenstein sold 6,207 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $45.01, for a total transaction of $279,377.07. Following the transaction, the chief financial officer now directly owns 85,121 shares in the company, valued at $3,831,296.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Leena Mansharamani sold 1,395 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the completion of the transaction, the chief accounting officer now directly owns 36,872 shares of the company’s stock, valued at approximately $1,124,964.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,337 shares of company stock worth $1,491,971. 1.80% of the stock is currently owned by company insiders.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a 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.