Mutual of America Capital Management LLC Sells 2,645 Shares of Five9, Inc. (NASDAQ:FIVN)

Mutual of America Capital Management LLC cut its position in shares of Five9, Inc. (NASDAQ:FIVN) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,525 shares of the software maker’s stock after selling 2,645 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.10% of Five9 worth $3,110,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FIVN. Vanguard Group Inc. boosted its stake in shares of Five9 by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock worth $461,948,000 after buying an additional 150,786 shares during the last quarter. Wasatch Advisors LP grew its stake in Five9 by 1.9% in the 1st quarter. Wasatch Advisors LP now owns 3,459,581 shares of the software maker’s stock valued at $214,875,000 after purchasing an additional 63,200 shares during the period. Sylebra Capital LLC grew its stake in Five9 by 1.5% in the 1st quarter. Sylebra Capital LLC now owns 2,347,108 shares of the software maker’s stock valued at $145,779,000 after purchasing an additional 34,681 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Five9 by 38.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock worth $64,257,000 after purchasing an additional 406,188 shares during the period. Finally, Van Berkom & Associates Inc. boosted its holdings in shares of Five9 by 52.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after buying an additional 446,151 shares during the last quarter. 96.64% of the stock is owned by institutional investors.

Insider Buying and Selling

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. In other news, CFO Barry Zwarenstein sold 4,408 shares of Five9 stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total value of $118,883.76. Following the sale, the chief financial officer now directly 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 this link. Also, CRO Daniel P. Burkland sold 2,637 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $43.55, for a total value of $114,841.35. Following the transaction, the executive now owns 130,079 shares of the company’s stock, 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 valued at $1,491,971 over the last three months. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on FIVN. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Five9 in a research report on Tuesday, August 27th. Wells Fargo & Company decreased their target price on Five9 from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Morgan Stanley dropped their price target on Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, June 14th. StockNews.com raised Five9 from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, BTIG Research dropped their price objective on shares of Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

Five9 Price Performance

FIVN stock opened at $27.59 on Tuesday. The firm has a market cap of $2.04 billion, a P/E ratio of -32.46 and a beta of 0.86. The firm’s fifty day moving average is $35.49 and its 200 day moving average is $46.38. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $92.40. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15.

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

Five9 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.