Five9, Inc. (NASDAQ:FIVN) Shares Acquired by Mirador Capital Partners LP

Mirador Capital Partners LP lifted its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 6.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,564 shares of the software maker’s stock after buying an additional 1,031 shares during the quarter. Mirador Capital Partners LP’s holdings in Five9 were worth $1,091,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Arcadia Investment Management Corp MI grew its position in shares of Five9 by 46.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after buying an additional 144 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of Five9 by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 31,227 shares of the software maker’s stock worth $2,008,000 after buying an additional 160 shares in the last quarter. US Bancorp DE grew its position in shares of Five9 by 1.4% during the fourth quarter. US Bancorp DE now owns 17,032 shares of the software maker’s stock worth $1,340,000 after buying an additional 228 shares in the last quarter. Global Wealth Management Investment Advisory Inc. lifted its stake in Five9 by 139.5% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after purchasing an additional 279 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in Five9 by 136.0% during the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after purchasing an additional 306 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Five9

In related news, CEO Michael Burkland sold 12,386 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $573,471.80. Following the sale, the chief executive officer now owns 266,083 shares of the company’s stock, valued at $12,319,642.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Barry Zwarenstein sold 10,291 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $42.64, for a total transaction of $438,808.24. Following the transaction, the chief financial officer now directly owns 107,255 shares in the company, valued at $4,573,353.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Burkland sold 12,386 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $573,471.80. Following the transaction, the chief executive officer now owns 266,083 shares in the company, valued at $12,319,642.90. The disclosure for this sale can be found here. Insiders have sold a total of 44,541 shares of company stock valued at $2,024,537 over the last quarter. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Morgan Stanley decreased their target price on Five9 from $70.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, June 14th. Canaccord Genuity Group decreased their target price on Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Wells Fargo & Company decreased their target price on Five9 from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, June 10th. UBS Group decreased their target price on Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $80.00 target price on shares of Five9 in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $82.71.

Five9 Price Performance

FIVN stock traded up $0.32 on Monday, reaching $44.42. 81,201 shares of the company’s stock were exchanged, compared to its average volume of 1,312,280. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41. Five9, Inc. has a twelve month low of $39.07 and a twelve month high of $92.40. The stock has a fifty day moving average of $49.45 and a 200-day moving average of $62.35.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.13. The company had revenue of $247.01 million for the quarter, compared to analyst estimates of $239.72 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. On average, analysts predict that Five9, Inc. will post -0.3 EPS for the current year.

Five9 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.