Five9, Inc. (NASDAQ:FIVN) Stock Position Raised by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its position in shares of Five9, Inc. (NASDAQ:FIVN) by 14.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,785 shares of the software maker’s stock after buying an additional 5,151 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.06% of Five9 worth $1,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Quent Capital LLC raised its holdings in Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after buying an additional 352 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Five9 in the 1st quarter valued at approximately $226,000. ProShare Advisors LLC acquired a new stake in Five9 in the 1st quarter worth approximately $247,000. Edgestream Partners L.P. bought a new stake in Five9 during the first quarter worth approximately $264,000. Finally, Cynosure Group LLC bought a new stake in Five9 during the first quarter worth approximately $329,000. Institutional investors own 96.64% of the company’s stock.

Insider Transactions at Five9

In related news, CFO Barry Zwarenstein sold 4,408 shares of Five9 stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the transaction, the chief financial officer now directly owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total value of $118,883.76. Following the transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at $2,743,712.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Leena Mansharamani sold 1,395 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total value of $42,561.45. Following the sale, the chief accounting officer now owns 36,872 shares in the company, valued at approximately $1,124,964.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,337 shares of company stock valued at $1,491,971. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Rosenblatt Securities decreased their price target on shares of Five9 from $80.00 to $70.00 and set a “buy” rating for the company in a report on Friday, August 9th. Northland Securities lowered their price target on Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Bank of America raised Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Monday, August 5th. Finally, Wells Fargo & Company reduced their price objective on Five9 from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $63.35.

Five9 Stock Up 0.5 %

Shares of FIVN opened at $28.52 on Thursday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39. The company has a 50-day moving average price of $36.41 and a two-hundred day moving average price of $47.10. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of -33.55 and a beta of 0.86. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $92.40.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $244.54 million. Equities analysts predict that Five9, Inc. will post -0.09 EPS 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.