Venturi Wealth Management LLC Acquires 2,571 Shares of Five9, Inc. (NASDAQ:FIVN)

Venturi Wealth Management LLC boosted its holdings in Five9, Inc. (NASDAQ:FIVN) by 3,955.4% during the fourth quarter, Holdings Channel reports. The fund owned 2,636 shares of the software maker’s stock after purchasing an additional 2,571 shares during the period. Venturi Wealth Management LLC’s holdings in Five9 were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its position in shares of Five9 by 14.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock valued at $47,919,000 after purchasing an additional 210,836 shares during the last quarter. Gagnon Securities LLC boosted its stake in Five9 by 10.4% in the 4th quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker’s stock valued at $14,878,000 after purchasing an additional 34,597 shares during the period. Vestcor Inc grew its holdings in Five9 by 42.9% in the 3rd quarter. Vestcor Inc now owns 50,000 shares of the software maker’s stock valued at $1,437,000 after buying an additional 15,000 shares in the last quarter. Fisher Asset Management LLC increased its position in Five9 by 14.9% during the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after buying an additional 98,543 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Five9 by 215.8% during the third quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock worth $6,956,000 after buying an additional 165,487 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

Five9 Stock Up 1.0 %

Shares of NASDAQ FIVN opened at $42.09 on Monday. The company has a market cap of $3.17 billion, a price-to-earnings ratio of -210.44, a PEG ratio of 9.41 and a beta of 0.93. 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, Inc. has a 12 month low of $26.60 and a 12 month high of $65.71. The stock has a 50-day moving average price of $40.57 and a two-hundred day moving average price of $35.84.

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

Insider Activity

In other news, COO Andy Dignan sold 4,109 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $171,961.65. Following the sale, the chief operating officer now directly owns 115,818 shares in the company, valued at approximately $4,846,983.30. The trade was a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Burkland sold 12,594 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total transaction of $521,391.60. Following the completion of the transaction, the chief executive officer now owns 240,894 shares of the company’s stock, valued at approximately $9,973,011.60. This trade represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,004 shares of company stock worth $1,209,279. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on FIVN shares. Barclays upped their price target on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday. William Blair reaffirmed an “outperform” rating on shares of Five9 in a report on Friday. Piper Sandler lifted their price target on shares of Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday. Needham & Company LLC reissued a “buy” rating and set a $52.00 price target on shares of Five9 in a research report on Friday. Finally, Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $55.00 to $40.00 in a report on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $57.65.

About Five9

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.