24,709 Shares in Five9, Inc. (NASDAQ:FIVN) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Five9, Inc. (NASDAQ:FIVN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 24,709 shares of the software maker’s stock, valued at approximately $1,004,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. M&T Bank Corp purchased a new stake in Five9 during the 4th quarter worth $553,000. Cornerstone Investment Partners LLC acquired a new position in Five9 in the 4th quarter worth $212,000. Charles Schwab Investment Management Inc. lifted its holdings in Five9 by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 465,702 shares of the software maker’s stock worth $18,926,000 after buying an additional 8,445 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after buying an additional 1,315 shares in the last quarter. Finally, Schechter Investment Advisors LLC acquired a new position in Five9 in the 4th quarter worth $223,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Price Performance

Shares of NASDAQ:FIVN opened at $30.14 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. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $63.79. The firm has a 50-day simple moving average of $37.28 and a 200 day simple moving average of $35.71. The company has a market cap of $2.28 billion, a PE ratio of -150.69, a P/E/G ratio of 9.41 and a beta of 1.01.

Five9 (NASDAQ:FIVN) last announced 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 business had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. On average, sell-side analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $58.00 price objective on shares of Five9 in a report on Thursday. Barclays boosted their price objective on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price objective on shares of Five9 in a report on Monday, March 17th. Piper Sandler boosted their price objective on shares of Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Truist Financial restated a “buy” rating and issued a $65.00 target price on shares of Five9 in a research note on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $56.76.

Insiders Place Their Bets

In other Five9 news, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the transaction, the chief executive officer now owns 404,056 shares in the company, valued at approximately $14,396,515.28. This represents a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Leena Mansharamani sold 1,135 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the transaction, the chief accounting officer now owns 47,165 shares of the company’s stock, valued at approximately $1,424,383. This trade represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,874 shares of company stock worth $985,446. Insiders own 1.80% of the company’s stock.

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.