Lindbrook Capital LLC Purchases 520 Shares of Five9, Inc. (NASDAQ:FIVN)

Lindbrook Capital LLC increased its holdings in Five9, Inc. (NASDAQ:FIVN) by 155.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 854 shares of the software maker’s stock after acquiring an additional 520 shares during the quarter. Lindbrook Capital LLC’s holdings in Five9 were worth $35,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FIVN. Steward Partners Investment Advisory LLC raised its position in Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after purchasing an additional 1,315 shares during the period. Quest Partners LLC purchased a new position in Five9 in the 3rd quarter worth $95,000. Venturi Wealth Management LLC raised its position in Five9 by 3,955.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after purchasing an additional 2,571 shares during the period. FNY Investment Advisers LLC raised its position in Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock worth $132,000 after purchasing an additional 2,485 shares during the period. Finally, KBC Group NV raised its position in Five9 by 49.2% in the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock worth $137,000 after purchasing an additional 1,113 shares during the period. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Insider Buying and Selling

In related news, CEO Michael Burkland sold 12,595 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $35.63, for a total transaction of $448,759.85. Following the sale, the chief executive officer now owns 404,056 shares of the company’s stock, valued at $14,396,515.28. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Barry Zwarenstein sold 2,468 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $82,011.64. Following the sale, the chief financial officer now directly owns 92,583 shares in the company, valued at $3,076,533.09. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,039 shares of company stock valued at $930,029 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $32.48 on Friday. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $63.79. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The company’s 50-day moving average is $39.31 and its 200 day moving average is $35.96. The stock has a market capitalization of $2.46 billion, a P/E ratio of -162.39, a P/E/G ratio of 9.41 and a beta of 1.01.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate 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 business had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. On average, sell-side analysts expect that Five9, Inc. will post 0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 target price on shares of Five9 in a research report on Friday, February 21st. Cantor Fitzgerald boosted their price objective on shares of Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Robert W. Baird boosted their price objective on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Barclays boosted their price objective 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. Finally, Rosenblatt Securities boosted their price objective on shares of Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Five9 presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.65.

Five9 Company 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.