US Bancorp DE Cuts Stock Position in Five9, Inc. (NASDAQ:FIVN)

US Bancorp DE lessened its position in Five9, Inc. (NASDAQ:FIVN) by 34.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,543 shares of the software maker’s stock after selling 2,398 shares during the quarter. US Bancorp DE’s holdings in Five9 were worth $185,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. KBC Group NV grew its stake in Five9 by 49.2% during the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock worth $137,000 after purchasing an additional 1,113 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its holdings in shares of Five9 by 10.2% in the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 12,125 shares of the software maker’s stock valued at $493,000 after acquiring an additional 1,125 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Five9 by 13.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker’s stock valued at $548,000 after acquiring an additional 2,254 shares during the last quarter. FNY Investment Advisers LLC increased its holdings 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 acquiring an additional 2,485 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Five9 by 3,955.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after acquiring an additional 2,571 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Stock Up 4.4 %

FIVN opened at $29.48 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The business has a 50 day simple moving average of $38.19 and a 200-day simple moving average of $35.82. The stock has a market capitalization of $2.23 billion, a P/E ratio of -147.39, a P/E/G ratio of 9.41 and a beta of 1.01. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $63.79.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FIVN. Truist Financial restated a “buy” rating and set a $65.00 price target on shares of Five9 in a research note on Tuesday, December 17th. William Blair reaffirmed an “outperform” rating on shares of Five9 in a research report on Thursday. Morgan Stanley increased their price objective on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 price objective on shares of Five9 in a research report on Friday, February 21st. Finally, Piper Sandler increased their price objective on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Five9 has an average rating of “Moderate Buy” and an average target price of $56.25.

Insider Buying and Selling

In related news, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the transaction, the chief executive officer now directly owns 404,056 shares of the company’s stock, valued at approximately $14,396,515.28. The trade was a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Leena Mansharamani sold 1,517 shares of Five9 stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $50,409.91. Following the transaction, the chief accounting officer now directly owns 48,300 shares of the company’s stock, valued at approximately $1,605,009. This represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,874 shares of company stock valued at $985,446. 1.80% of the stock is owned by insiders.

Five9 Company 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.