SG Americas Securities LLC Has $448,000 Stock Position in Five9, Inc. (NASDAQ:FIVN)

SG Americas Securities LLC lessened its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 77.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,032 shares of the software maker’s stock after selling 38,699 shares during the quarter. SG Americas Securities LLC’s holdings in Five9 were worth $448,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. FMR LLC boosted its position in Five9 by 2.4% during the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock worth $320,620,000 after buying an additional 259,820 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Five9 by 14.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock worth $47,919,000 after purchasing an additional 210,836 shares during the period. Fisher Asset Management LLC grew its stake in shares of Five9 by 14.9% in the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after purchasing an additional 98,543 shares during the last quarter. Potrero Capital Research LLC bought a new stake in shares of Five9 in the third quarter worth $15,610,000. Finally, Scalar Gauge Management LLC raised its position in Five9 by 191.7% during the 3rd quarter. Scalar Gauge Management LLC now owns 462,291 shares of the software maker’s stock worth $13,282,000 after purchasing an additional 303,791 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Stock Performance

Shares of FIVN stock opened at $40.99 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a fifty day simple moving average of $40.71 and a two-hundred day simple moving average of $36.05. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $79.43. The firm has a market capitalization of $3.08 billion, a PE ratio of -81.98, a price-to-earnings-growth ratio of 9.25 and a beta of 0.92.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, November 7th. The software maker reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.43). The business had revenue of $264.18 million during the quarter, compared to analyst estimates of $254.82 million. Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. During the same quarter in the prior year, the company earned ($0.21) EPS. Analysts forecast that Five9, Inc. will post 0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FIVN. Rosenblatt Securities increased their price target on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Piper Sandler increased their target price on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. DA Davidson boosted their price target on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Robert W. Baird increased their price objective on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $52.00 target price on shares of Five9 in a report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.50.

Insider Buying and Selling

In other Five9 news, CEO Michael Burkland sold 12,594 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total value of $521,391.60. Following the completion of the sale, the chief executive officer now directly owns 240,894 shares of the company’s stock, valued at approximately $9,973,011.60. This represents a 4.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Andy Dignan sold 4,109 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $171,961.65. Following the transaction, the chief operating officer now directly owns 115,818 shares in the company, valued at approximately $4,846,983.30. This represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,004 shares of company stock worth $1,209,279. 1.80% of the stock is owned by corporate insiders.

About Five9

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.