Kayne Anderson Rudnick Investment Management LLC Has $1.78 Million Position in Five9, Inc. (NASDAQ:FIVN)

Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 65.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 40,374 shares of the software maker’s stock after acquiring an additional 15,973 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.05% of Five9 worth $1,780,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FIVN. Norges Bank bought a new position in Five9 in the fourth quarter valued at approximately $79,035,000. Van Berkom & Associates Inc. lifted its position in Five9 by 52.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock valued at $57,307,000 after acquiring an additional 446,151 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Five9 by 38.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock valued at $64,257,000 after acquiring an additional 406,188 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Five9 by 123.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 648,441 shares of the software maker’s stock worth $51,026,000 after purchasing an additional 358,887 shares during the period. Finally, Kopp LeRoy C bought a new position in Five9 during the 1st quarter worth about $14,751,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Insider Transactions at Five9

In related news, EVP Panos Kozanian sold 7,617 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value of $228,662.34. Following the completion of the transaction, the executive vice president now owns 76,628 shares in the company, valued at approximately $2,300,372.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Panos Kozanian sold 7,617 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the completion of the transaction, the executive vice president now owns 76,628 shares of the company’s stock, valued at $2,300,372.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Leena Mansharamani sold 1,395 shares of Five9 stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the transaction, the chief accounting officer now owns 36,872 shares in the company, valued at approximately $1,124,964.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,337 shares of company stock worth $1,491,971. Insiders own 1.80% of the company’s stock.

Five9 Trading Down 0.6 %

Shares of Five9 stock opened at $27.59 on Tuesday. The firm’s 50 day moving average is $35.49 and its 200 day moving average is $46.38. The firm has a market capitalization of $2.04 billion, a PE ratio of -32.46 and a beta of 0.86. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $92.40. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39.

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

Wall Street Analysts Forecast Growth

FIVN has been the subject of a number of recent research reports. Rosenblatt Securities reduced their price target on 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 lowered their price target on shares of Five9 from $80.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Barclays reduced their price objective on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Baird R W downgraded Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Morgan Stanley dropped their target price on Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, June 14th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.35.

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.