Lombard Odier Asset Management USA Corp Invests $271,000 in Five9, Inc. (NASDAQ:FIVN)

Lombard Odier Asset Management USA Corp purchased a new position in Five9, Inc. (NASDAQ:FIVN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,150 shares of the software maker’s stock, valued at approximately $271,000.

Several other institutional investors have also bought and sold shares of the company. Cetera Advisors LLC bought a new position in Five9 during the first quarter worth about $226,000. ProShare Advisors LLC bought a new position in Five9 in the 1st quarter worth approximately $247,000. Edgestream Partners L.P. purchased a new position in Five9 in the 1st quarter valued at approximately $264,000. Quent Capital LLC raised its holdings in Five9 by 8.7% during the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after acquiring an additional 352 shares during the period. Finally, Cynosure Group LLC purchased a new stake in shares of Five9 during the first quarter worth $329,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Analyst Ratings Changes

FIVN has been the topic of a number of analyst reports. Truist Financial reiterated a “buy” rating and set a $65.00 price objective on shares of Five9 in a research note on Tuesday, August 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 target price on shares of Five9 in a report on Wednesday, August 21st. Baird R W downgraded shares of Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Roth Mkm lowered their price objective on Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Robert W. Baird cut Five9 from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $90.00 to $40.00 in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.35.

Insider Buying and Selling

In other news, 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 transaction of $42,561.45. Following the completion of the sale, the chief accounting officer now owns 36,872 shares in the company, valued at approximately $1,124,964.72. The sale was disclosed in a document filed 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 that occurred on Tuesday, July 16th. The stock was sold at an average price of $45.01, for a total value of $279,377.07. Following the completion of the sale, the chief financial officer now directly owns 85,121 shares in the company, valued at $3,831,296.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Leena Mansharamani sold 1,395 shares of Five9 stock in a transaction dated 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 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. Insiders sold 45,337 shares of company stock valued at $1,491,971 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Five9 Stock Performance

Shares of FIVN opened at $27.59 on Tuesday. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $92.40. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -32.46 and a beta of 0.86. The business has a 50-day simple moving average of $35.49 and a two-hundred day simple moving average of $46.38. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39.

Five9 (NASDAQ:FIVN) last announced 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 business had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. On average, analysts expect that Five9, Inc. will post -0.09 EPS for the current year.

About Five9

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.