Rhumbline Advisers Has $3.64 Million Stock Holdings in Five9, Inc. (NASDAQ:FIVN)

Rhumbline Advisers trimmed its holdings in Five9, Inc. (NASDAQ:FIVN) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,461 shares of the software maker’s stock after selling 577 shares during the period. Rhumbline Advisers owned 0.12% of Five9 worth $3,636,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FIVN. Quest Partners LLC bought a new position in Five9 during the 3rd quarter worth $95,000. FNY Investment Advisers LLC lifted its stake in shares of Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock valued at $132,000 after purchasing an additional 2,485 shares during the period. KBC Group NV increased its position in Five9 by 49.2% in the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock valued at $137,000 after buying an additional 1,113 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Five9 in the 3rd quarter valued at about $145,000. Finally, Intech Investment Management LLC bought a new stake in Five9 during the 3rd quarter worth approximately $281,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Five9 news, CFO Barry Zwarenstein sold 3,336 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $139,611.60. Following the transaction, the chief financial officer now directly owns 98,396 shares in the company, valued at $4,117,872.60. The trade was a 3.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total transaction of $320,683.71. Following the completion of the sale, the executive vice president now directly owns 69,009 shares in the company, valued at $2,904,588.81. This trade represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,004 shares of company stock worth $1,209,279. 1.80% of the stock is owned by insiders.

Five9 Price Performance

Shares of FIVN opened at $36.21 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a 50 day moving average of $40.18 and a two-hundred day moving average of $35.93. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $63.79. The company has a market cap of $2.74 billion, a price-to-earnings ratio of -181.02, a price-to-earnings-growth ratio of 9.41 and a beta of 0.93.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The firm had revenue of $278.66 million during the quarter, compared to analysts’ expectations of $267.70 million. As a group, analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FIVN shares. Morgan Stanley boosted their target price on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Truist Financial restated a “buy” rating and set a $65.00 price target on shares of Five9 in a research report on Tuesday, December 17th. Cantor Fitzgerald lifted their price objective on Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. William Blair reissued an “outperform” rating on shares of Five9 in a research note on Friday, February 21st. Finally, Barclays lifted their price objective on Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.65.

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.