288,491 Shares in Five9, Inc. (NASDAQ:FIVN) Acquired by 272 Capital LP

272 Capital LP bought a new position in shares of Five9, Inc. (NASDAQ:FIVN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 288,491 shares of the software maker’s stock, valued at approximately $12,722,000. Five9 accounts for 6.4% of 272 Capital LP’s portfolio, making the stock its 2nd largest holding. 272 Capital LP owned 0.39% of Five9 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Quent Capital LLC boosted its stake in shares of Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after acquiring an additional 352 shares during the period. Cetera Advisors LLC purchased a new position in Five9 in the 1st quarter worth approximately $226,000. ProShare Advisors LLC purchased a new stake in Five9 during the 1st quarter valued at approximately $247,000. Edgestream Partners L.P. purchased a new stake in Five9 during the 1st quarter valued at approximately $264,000. Finally, Lombard Odier Asset Management USA Corp bought a new stake in Five9 in the 2nd quarter valued at $271,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company dropped their price target on Five9 from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Northland Securities reduced their price objective on Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research note 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 note on Friday, August 9th. Robert W. Baird downgraded Five9 from an “outperform” rating to a “neutral” rating and cut their target price for the company from $90.00 to $40.00 in a research report on Friday, August 9th. Finally, Roth Mkm decreased their price target on Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a report 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 stock. According to MarketBeat, Five9 has a consensus rating of “Moderate Buy” and an average price target of $63.35.

Five9 Trading Down 0.6 %

Shares of NASDAQ FIVN opened at $27.59 on Tuesday. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $92.40. 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 business has a fifty day simple moving average of $35.49 and a two-hundred day simple moving average of $46.38. The firm has a market cap of $2.04 billion, a PE ratio of -32.46 and a beta of 0.86.

Five9 (NASDAQ:FIVN) last released its quarterly 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. The firm had revenue of $252.09 million during the quarter, compared to analyst estimates of $244.54 million. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. Analysts expect that Five9, Inc. will post -0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Five9

In other news, CFO Barry Zwarenstein sold 6,207 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $45.01, for a total transaction of $279,377.07. Following the transaction, the chief financial officer now directly owns 85,121 shares of the company’s stock, valued at $3,831,296.21. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Barry Zwarenstein sold 6,207 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $45.01, for a total transaction of $279,377.07. Following the sale, the chief financial officer now owns 85,121 shares in the company, valued at $3,831,296.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Leena Mansharamani sold 1,395 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total transaction of $42,561.45. Following the completion of the transaction, the chief accounting officer now directly owns 36,872 shares of the company’s stock, valued at $1,124,964.72. 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. Corporate 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.