Five9, Inc. (NASDAQ:FIVN) Shares Purchased by Xponance Inc.

Xponance Inc. lifted its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,421 shares of the software maker’s stock after purchasing an additional 539 shares during the period. Xponance Inc.’s holdings in Five9 were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Royce & Associates LP boosted its stake in Five9 by 1,219.0% during the 4th quarter. Royce & Associates LP now owns 329,760 shares of the software maker’s stock worth $13,401,000 after purchasing an additional 304,760 shares during the last quarter. Swiss National Bank grew its holdings in Five9 by 1.9% in the 4th quarter. Swiss National Bank now owns 147,000 shares of the software maker’s stock valued at $5,974,000 after buying an additional 2,700 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Five9 by 55.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 338,078 shares of the software maker’s stock valued at $13,739,000 after purchasing an additional 120,776 shares during the period. Wealthfront Advisers LLC acquired a new position in Five9 in the 4th quarter valued at about $558,000. Finally, King Luther Capital Management Corp raised its position in shares of Five9 by 5.9% during the 4th quarter. King Luther Capital Management Corp now owns 86,986 shares of the software maker’s stock valued at $3,535,000 after buying an additional 4,820 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FIVN has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $52.00 price target on shares of Five9 in a report on Monday, March 17th. Barclays lifted their price target on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Truist Financial restated a “buy” rating and issued a $65.00 price objective on shares of Five9 in a report on Tuesday, December 17th. Morgan Stanley lifted their target price on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Finally, Piper Sandler raised their price target on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.76.

Five9 Trading Down 3.3 %

Shares of NASDAQ:FIVN opened at $29.70 on Thursday. The company has a market cap of $2.25 billion, a PE ratio of -148.49, a P/E/G ratio of 9.41 and a beta of 1.01. The company’s 50 day moving average is $36.85 and its two-hundred day moving average is $35.77. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $63.79. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. Equities analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Transactions at Five9

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total transaction of $254,474.60. Following the sale, the executive vice president now owns 126,359 shares of the company’s stock, valued at approximately $4,220,390.60. This trade represents a 5.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Leena Mansharamani sold 1,135 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the transaction, the chief accounting officer now owns 47,165 shares of the company’s stock, valued at approximately $1,424,383. The trade was a 2.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,874 shares of company stock valued at $985,446. Corporate insiders own 1.80% of the company’s stock.

Five9 Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.