Five9, Inc. (NASDAQ:FIVN) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC grew its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 21.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 202,987 shares of the software maker’s stock after acquiring an additional 36,317 shares during the period. Fisher Asset Management LLC owned about 0.28% of Five9 worth $15,973,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FIVN. Charles Schwab Investment Management Inc. lifted its position in shares of Five9 by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 431,129 shares of the software maker’s stock valued at $27,722,000 after acquiring an additional 8,815 shares during the period. Citigroup Inc. lifted its position in shares of Five9 by 44.6% during the 3rd quarter. Citigroup Inc. now owns 29,128 shares of the software maker’s stock valued at $1,873,000 after acquiring an additional 8,984 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Five9 by 47.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 65,191 shares of the software maker’s stock valued at $4,192,000 after acquiring an additional 21,125 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Five9 during the 3rd quarter worth approximately $295,000. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Five9 by 8.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 193,768 shares of the software maker’s stock worth $12,459,000 after purchasing an additional 15,287 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Stock Down 2.5 %

Shares of NASDAQ FIVN opened at $40.09 on Wednesday. Five9, Inc. has a 52-week low of $40.08 and a 52-week high of $92.40. The firm has a fifty day moving average of $52.18 and a 200-day moving average of $64.57. The stock has a market capitalization of $2.96 billion, a PE ratio of -47.16 and a beta of 0.81. The company has a quick ratio of 7.02, a current ratio of 7.02 and a debt-to-equity ratio of 2.41.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Thursday, May 2nd. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.13. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The company had revenue of $247.01 million during the quarter, compared to analysts’ expectations of $239.72 million. On average, analysts anticipate that Five9, Inc. will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

FIVN has been the subject of several research reports. Wells Fargo & Company cut their price objective on Five9 from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, June 10th. Canaccord Genuity Group cut their price objective on Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. UBS Group cut their price objective on Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Five9 in a research report on Thursday, June 6th. Finally, Morgan Stanley cut their price objective on Five9 from $70.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, June 14th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.71.

Insider Activity

In other news, CAO Leena Mansharamani sold 1,542 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $46.27, for a total transaction of $71,348.34. Following the completion of the sale, the chief accounting officer now directly owns 38,267 shares of the company’s stock, valued at approximately $1,770,614.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Andy Dignan sold 5,731 shares of Five9 stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $265,345.30. Following the transaction, the chief operating officer now owns 124,172 shares in the company, valued at approximately $5,749,163.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Leena Mansharamani sold 1,542 shares of Five9 stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $46.27, for a total transaction of $71,348.34. Following the transaction, the chief accounting officer now owns 38,267 shares in the company, valued at approximately $1,770,614.09. The disclosure for this sale can be found here. Insiders sold 44,541 shares of company stock valued at $2,024,537 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Five9 Company Profile

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.