Five9, Inc. (NASDAQ:FIVN) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its holdings in Five9, Inc. (NASDAQ:FIVN) by 1,442.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 65,543 shares of the software maker’s stock after acquiring an additional 61,294 shares during the period. Edgestream Partners L.P. owned 0.09% of Five9 worth $2,890,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Five9 by 24.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 363,558 shares of the software maker’s stock valued at $16,031,000 after purchasing an additional 72,204 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Five9 by 38.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock valued at $64,257,000 after buying an additional 406,188 shares during the period. Herald Investment Management Ltd raised its holdings in Five9 by 6.6% in the 2nd quarter. Herald Investment Management Ltd now owns 65,000 shares of the software maker’s stock valued at $2,866,000 after buying an additional 4,000 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Five9 by 14.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 40,785 shares of the software maker’s stock valued at $1,799,000 after buying an additional 5,151 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new position in Five9 during the second quarter worth about $641,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Leena Mansharamani sold 1,395 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total value of $42,561.45. Following the completion of the sale, the chief accounting officer now directly owns 36,872 shares of the company’s stock, valued at approximately $1,124,964.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Five9 news, CAO Leena Mansharamani sold 1,395 shares of Five9 stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the transaction, the chief accounting officer now owns 36,872 shares of the company’s stock, valued at $1,124,964.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Andy Dignan sold 4,245 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.26, for a total value of $128,453.70. Following the completion of the sale, the chief operating officer now directly owns 119,927 shares of the company’s stock, valued at $3,628,991.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,337 shares of company stock valued at $1,491,971. 1.80% of the stock is currently owned by insiders.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $28.52 on Thursday. The firm has a market capitalization of $2.11 billion, a PE ratio of -33.55 and a beta of 0.86. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $92.40. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. The stock’s 50-day simple moving average is $36.41 and its 200-day simple moving average is $47.10.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The business had revenue of $252.09 million during the quarter, compared to the consensus estimate of $244.54 million. As a group, equities research analysts forecast that Five9, Inc. will post -0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. BTIG Research decreased their price objective on shares of Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Morgan Stanley lowered their price target 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. Wells Fargo & Company cut their price objective on Five9 from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. StockNews.com upgraded Five9 from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Northland Securities cut their price target on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.35.

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.