SG Americas Securities LLC Makes New Investment in Five9, Inc. (NASDAQ:FIVN)

SG Americas Securities LLC acquired a new stake in Five9, Inc. (NASDAQ:FIVN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 49,731 shares of the software maker’s stock, valued at approximately $1,429,000. SG Americas Securities LLC owned approximately 0.07% of Five9 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Five9 during the 2nd quarter valued at $57,000. Quent Capital LLC boosted its position in Five9 by 8.7% in the 2nd 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 during the last quarter. Cetera Advisors LLC acquired a new stake in shares of Five9 during the first quarter valued at about $226,000. ProShare Advisors LLC purchased a new stake in shares of Five9 during the first quarter worth about $247,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Five9 during the first quarter worth about $264,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Insiders Place Their Bets

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 transaction of $279,377.07. Following the completion of the transaction, the chief financial officer now directly owns 85,121 shares in the company, valued at approximately $3,831,296.21. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Barry Zwarenstein sold 6,207 shares of the firm’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 approximately $3,831,296.21. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Panos Kozanian sold 7,617 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at $2,300,372.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,337 shares of company stock worth $1,491,971. Insiders own 1.80% of the company’s stock.

Five9 Trading Down 2.6 %

Shares of NASDAQ FIVN opened at $28.01 on Wednesday. Five9, Inc. has a 12-month low of $26.60 and a 12-month high of $92.40. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -32.95 and a beta of 0.85. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The stock’s 50 day simple moving average is $31.82 and its 200 day simple moving average is $43.87.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on FIVN shares. Roth Mkm reduced their price target on Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a report on Friday, August 9th. Wells Fargo & Company decreased their price target on shares of Five9 from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $47.00 price target on shares of Five9 in a report on Wednesday, August 21st. Needham & Company LLC reissued a “buy” rating and set a $48.00 price objective on shares of Five9 in a report on Wednesday, August 21st. Finally, Bank of America raised shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Monday, August 5th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.