Signaturefd LLC Has $30,000 Stake in Five9, Inc. (NASDAQ:FIVN)

Signaturefd LLC grew its holdings in Five9, Inc. (NASDAQ:FIVN) by 1,892.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,036 shares of the software maker’s stock after acquiring an additional 984 shares during the quarter. Signaturefd LLC’s holdings in Five9 were worth $30,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Five9 by 2.1% in the first quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock valued at $461,948,000 after buying an additional 150,786 shares in the last quarter. Sylebra Capital LLC lifted its position in Five9 by 28.4% in the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after acquiring an additional 666,681 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Five9 by 38.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock valued at $64,257,000 after acquiring an additional 406,188 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in Five9 by 52.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after purchasing an additional 446,151 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in Five9 by 347.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock worth $33,213,000 after purchasing an additional 584,800 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Price Performance

NASDAQ:FIVN opened at $29.61 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. Five9, Inc. has a 12-month low of $26.60 and a 12-month high of $92.40. The stock’s 50 day moving average price is $29.64 and its two-hundred day moving average price is $40.51. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -34.84 and a beta of 0.85.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $244.54 million. On average, analysts anticipate that Five9, Inc. will post -0.09 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on FIVN shares. Rosenblatt Securities cut their price target on Five9 from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Morgan Stanley reduced their price target on Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Truist Financial reaffirmed a “buy” rating and set a $65.00 price target on shares of Five9 in a research note on Tuesday, August 27th. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Northland Securities lowered their price target on shares of Five9 from $95.00 to $50.00 and set an “outperform” 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’s stock. According to MarketBeat, Five9 presently has an average rating of “Moderate Buy” and an average price target of $62.00.

Insider Transactions at Five9

In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the transaction, the chief financial officer now directly owns 101,732 shares of the company’s stock, valued at $2,743,712.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the company’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 directly owns 101,732 shares of the company’s stock, valued at $2,743,712.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 value of $228,662.34. Following the sale, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at $2,300,372.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,493 shares of company stock worth $1,097,753. 1.80% of the stock is owned by insiders.

Five9 Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.