Rhumbline Advisers Has $3.79 Million Stake in Five9, Inc. (NASDAQ:FIVN)

Rhumbline Advisers grew its stake in Five9, Inc. (NASDAQ:FIVN) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,000 shares of the software maker’s stock after acquiring an additional 673 shares during the period. Rhumbline Advisers owned 0.12% of Five9 worth $3,793,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FIVN. Norges Bank bought a new position in Five9 during the fourth quarter worth about $79,035,000. Balyasny Asset Management L.P. boosted its holdings in shares of Five9 by 123.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 648,441 shares of the software maker’s stock worth $51,026,000 after acquiring an additional 358,887 shares during the period. UBS Group AG raised its position in shares of Five9 by 47.7% in the fourth quarter. UBS Group AG now owns 788,381 shares of the software maker’s stock valued at $62,038,000 after buying an additional 254,467 shares in the last quarter. Kopp LeRoy C acquired a new stake in shares of Five9 in the first quarter valued at approximately $14,751,000. Finally, Vanguard Group Inc. raised its position in Five9 by 2.1% during the first quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock valued at $461,948,000 after purchasing an additional 150,786 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

Analyst Ratings Changes

FIVN has been the subject of several research analyst reports. Rosenblatt Securities lowered their price objective on shares of Five9 from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Wells Fargo & Company cut their price target on shares of Five9 from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Truist Financial restated a “buy” rating and issued a $65.00 target price on shares of Five9 in a report on Tuesday, August 27th. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Bank of America raised shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Five9 has an average rating of “Moderate Buy” and an average price target of $63.35.

Five9 Stock Performance

Five9 stock opened at $28.79 on Tuesday. The firm’s fifty day moving average price is $36.90 and its 200-day moving average price is $47.47. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. The stock has a market cap of $2.15 billion, a P/E ratio of -33.87 and a beta of 0.86. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $92.40.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.14. The firm had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. On average, equities research analysts expect that Five9, Inc. will post -0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Barry Zwarenstein sold 4,408 shares of Five9 stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the transaction, the chief financial officer now owns 101,732 shares in the company, valued at approximately $2,743,712.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the sale, the chief financial officer now owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Daniel P. Burkland sold 2,637 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $43.55, for a total transaction of $114,841.35. Following the completion of the sale, the executive now directly owns 130,079 shares in the company, valued at approximately $5,664,940.45. The disclosure for this sale can be found here. Insiders have sold a total of 45,337 shares of company stock worth $1,491,971 in the last 90 days. 1.80% of the stock is owned by company insiders.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.