Farther Finance Advisors LLC Trims Holdings in Five9, Inc. (NASDAQ:FIVN)

Farther Finance Advisors LLC reduced its stake in Five9, Inc. (NASDAQ:FIVN) by 53.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 747 shares of the software maker’s stock after selling 866 shares during the quarter. Farther Finance Advisors LLC’s holdings in Five9 were worth $30,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lindbrook Capital LLC grew its holdings in shares of Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Five9 by 7,305.6% during the fourth 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 during the period. Venturi Wealth Management LLC lifted its position in shares of Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after purchasing an additional 2,571 shares in the last quarter. FNY Investment Advisers LLC grew its stake in shares of Five9 by 324.8% in the fourth quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock worth $132,000 after acquiring an additional 2,485 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Five9 in the 3rd quarter valued at about $95,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Trading Up 2.4 %

Shares of FIVN opened at $30.87 on Tuesday. The firm’s 50-day moving average is $37.14 and its two-hundred day moving average is $35.79. The firm has a market capitalization of $2.34 billion, a P/E ratio of -154.34, a PEG ratio of 9.41 and a beta of 1.01. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $63.79.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The business 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, research analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Transactions at Five9

In related news, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the transaction, the chief accounting officer now owns 47,165 shares in the company, valued at approximately $1,424,383. This trade represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Andy Dignan sold 2,840 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $94,373.20. Following the sale, the chief operating officer now directly owns 194,201 shares of the company’s stock, valued at approximately $6,453,299.23. This trade represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,874 shares of company stock worth $985,446 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $58.00 target price on shares of Five9 in a research note on Thursday, March 20th. Truist Financial reiterated a “buy” rating and set a $65.00 target price on shares of Five9 in a research report on Tuesday, December 17th. Needham & Company LLC reissued a “buy” rating and issued a $52.00 target price on shares of Five9 in a research report on Monday, March 17th. Cantor Fitzgerald raised their price target on Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Barclays increased their price target on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.76.

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.