Principal Financial Group Inc. Has $281,000 Stock Holdings in Five9, Inc. (NASDAQ:FIVN)

Principal Financial Group Inc. cut its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 11.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,381 shares of the software maker’s stock after selling 840 shares during the period. Principal Financial Group Inc.’s holdings in Five9 were worth $281,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in shares of Five9 by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 447,237 shares of the software maker’s stock worth $35,193,000 after purchasing an additional 16,108 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Five9 by 26.7% during the fourth quarter. Teacher Retirement System of Texas now owns 7,002 shares of the software maker’s stock worth $551,000 after purchasing an additional 1,474 shares during the period. Norges Bank bought a new position in Five9 during the 4th quarter worth $79,035,000. UBS Group AG increased its stake in Five9 by 47.7% during the 4th quarter. UBS Group AG now owns 788,381 shares of the software maker’s stock worth $62,038,000 after acquiring an additional 254,467 shares during the period. Finally, Corient Private Wealth LLC increased its stake in Five9 by 8.4% during the 4th quarter. Corient Private Wealth LLC now owns 6,796 shares of the software maker’s stock worth $535,000 after acquiring an additional 527 shares during the period. Institutional investors own 96.64% of the company’s stock.

Insider Buying and Selling at Five9

In other news, EVP Panos Kozanian sold 7,617 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the completion of the sale, the executive vice president now directly owns 76,628 shares in the company, valued at $2,300,372.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Barry Zwarenstein sold 6,207 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $45.01, for a total value of $279,377.07. Following the completion of the transaction, the chief financial officer now directly owns 85,121 shares of the company’s stock, valued at $3,831,296.21. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Panos Kozanian sold 7,617 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total transaction of $228,662.34. Following the completion of the transaction, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at $2,300,372.56. The disclosure for this sale can be found here. Insiders sold a total of 45,337 shares of company stock worth $1,491,971 over the last three months. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Roth Mkm reduced their target price on Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Robert W. Baird downgraded Five9 from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $90.00 to $40.00 in a report on Friday, August 9th. Rosenblatt Securities lowered their price objective on Five9 from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Baird R W downgraded Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Bank of America upgraded Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Monday, August 5th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Five9 has an average rating of “Moderate Buy” and a consensus price target of $63.35.

Five9 Trading Up 2.4 %

Five9 stock opened at $28.49 on Friday. The stock has a market cap of $2.13 billion, a P/E ratio of -33.52 and a beta of 0.86. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $92.40. The firm’s fifty day moving average price is $37.18 and its 200-day moving average price is $47.79.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. The business had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $244.54 million. Equities research analysts forecast that Five9, Inc. will post -0.09 earnings per share for the current fiscal year.

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.