Bank of New York Mellon Corp Sells 119,464 Shares of Five9, Inc. (NASDAQ:FIVN)

Bank of New York Mellon Corp cut its position in Five9, Inc. (NASDAQ:FIVN) by 21.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 432,555 shares of the software maker’s stock after selling 119,464 shares during the quarter. Bank of New York Mellon Corp owned 0.58% of Five9 worth $17,579,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FIVN. FMR LLC raised its position in shares of Five9 by 2.4% during the third quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock worth $320,620,000 after acquiring an additional 259,820 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Five9 by 14.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock worth $47,919,000 after purchasing an additional 210,836 shares during the period. Fisher Asset Management LLC grew its stake in Five9 by 14.9% during the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after purchasing an additional 98,543 shares during the period. Potrero Capital Research LLC acquired a new stake in Five9 during the third quarter worth approximately $15,610,000. Finally, WCM Investment Management LLC grew its stake in Five9 by 35.9% during the fourth quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker’s stock worth $21,281,000 after purchasing an additional 138,019 shares during the period. 96.64% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Michael Burkland sold 12,595 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the transaction, the chief executive officer now directly owns 404,056 shares in the company, valued at $14,396,515.28. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Leena Mansharamani sold 1,517 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $50,409.91. Following the transaction, the chief accounting officer now owns 48,300 shares of the company’s stock, valued at approximately $1,605,009. The trade was a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,039 shares of company stock worth $930,029. 1.80% of the stock is owned by corporate insiders.

Five9 Stock Performance

Shares of Five9 stock opened at $29.66 on Wednesday. The business’s fifty day simple moving average is $38.89 and its 200 day simple moving average is $35.93. The firm has a market capitalization of $2.25 billion, a P/E ratio of -148.29, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $63.79. 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 (NASDAQ:FIVN) last issued its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). The firm had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. As a group, analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

FIVN has been the subject of several recent analyst reports. Morgan Stanley raised their target price on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Cantor Fitzgerald raised their target price on Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. William Blair reaffirmed an “outperform” rating on shares of Five9 in a research note on Friday, February 21st. Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $55.00 to $40.00 in a research note on Tuesday, November 12th. Finally, Barclays raised their price objective on Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.65.

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.