Algert Global LLC Reduces Stake in Five9, Inc. (NASDAQ:FIVN)

Algert Global LLC lessened its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 89.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,434 shares of the software maker’s stock after selling 61,254 shares during the quarter. Algert Global LLC’s holdings in Five9 were worth $328,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Five9 by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock worth $461,948,000 after acquiring an additional 150,786 shares during the period. Wasatch Advisors LP increased its holdings in shares of Five9 by 1.9% in the first quarter. Wasatch Advisors LP now owns 3,459,581 shares of the software maker’s stock worth $214,875,000 after purchasing an additional 63,200 shares during the period. Sylebra Capital LLC raised its position in shares of Five9 by 1.5% in the first quarter. Sylebra Capital LLC now owns 2,347,108 shares of the software maker’s stock worth $145,779,000 after buying an additional 34,681 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Five9 by 38.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock worth $64,257,000 after purchasing an additional 406,188 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its holdings in shares of Five9 by 52.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after acquiring an additional 446,151 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. StockNews.com raised Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Roth Mkm dropped their target price on Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a report on Friday, August 9th. Bank of America raised Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Monday, August 5th. Robert W. Baird lowered Five9 from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $90.00 to $40.00 in a research note on Friday, August 9th. Finally, Wells Fargo & Company decreased their target price on shares of Five9 from $80.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Five9 currently has an average rating of “Moderate Buy” and a consensus price target of $63.35.

Five9 Price Performance

Shares of FIVN stock opened at $28.01 on Wednesday. The business’s fifty day moving average is $31.82 and its 200 day moving average is $43.87. 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 stock has a market cap of $2.07 billion, a price-to-earnings ratio of -32.95 and a beta of 0.85. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $92.40.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) 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 company had revenue of $252.09 million during the quarter, compared to analyst estimates of $244.54 million. Research analysts expect that Five9, Inc. will post -0.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Five9 news, EVP Panos Kozanian sold 7,617 shares of Five9 stock in a transaction on 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 owns 76,628 shares in the company, valued at approximately $2,300,372.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Five9 news, EVP Panos Kozanian sold 7,617 shares of the firm’s 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 approximately $2,300,372.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Leena Mansharamani sold 1,395 shares of the company’s 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 completion of the transaction, the chief accounting officer now owns 36,872 shares in the company, valued at approximately $1,124,964.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,337 shares of company stock worth $1,491,971 in the last 90 days. 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.