Prospera Financial Services Inc Invests $104,000 in Five9, Inc. (NASDAQ:FIVN)

Prospera Financial Services Inc purchased a new stake in shares of Five9, Inc. (NASDAQ:FIVNGet Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 944 shares of the software maker’s stock, valued at approximately $104,000.

Other institutional investors and hedge funds have also modified their holdings of the company. National Bank of Canada FI purchased a new position in shares of Five9 during the fourth quarter valued at $29,000. UMB Bank N A MO purchased a new position in shares of Five9 during the fourth quarter valued at $35,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Five9 by 29.5% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 448 shares of the software maker’s stock valued at $50,000 after buying an additional 102 shares in the last quarter. Sageworth Trust Co of South Dakota purchased a new position in shares of Five9 during the fourth quarter valued at $52,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Five9 by 4,626.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 709 shares of the software maker’s stock valued at $98,000 after buying an additional 694 shares in the last quarter. Hedge funds and other institutional investors own 97.89% of the company’s stock.

Insider Buying and Selling at Five9

In other Five9 news, Director Kimberly Alexy sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $110.38, for a total value of $275,950.00. Following the completion of the transaction, the director now owns 11,117 shares of the company’s stock, valued at approximately $1,227,094.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Five9 news, CRO Daniel P. Burkland sold 2,891 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $98.47, for a total value of $284,676.77. Following the completion of the transaction, the executive now owns 125,164 shares of the company’s stock, valued at approximately $12,324,899.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kimberly Alexy sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $110.38, for a total value of $275,950.00. Following the completion of the transaction, the director now directly owns 11,117 shares of the company’s stock, valued at approximately $1,227,094.46. The disclosure for this sale can be found here. Insiders sold a total of 37,604 shares of company stock valued at $3,777,624 in the last quarter. Corporate insiders own 2.40% of the company’s stock.

Five9 Price Performance

NASDAQ FIVN opened at $117.21 on Friday. Five9, Inc. has a twelve month low of $80.52 and a twelve month high of $206.69. The company has a debt-to-equity ratio of 3.01, a quick ratio of 4.50 and a current ratio of 4.50. The stock has a market capitalization of $8.22 billion, a PE ratio of -99.33 and a beta of 0.60. The stock has a 50-day simple moving average of $97.32 and a 200 day simple moving average of $105.16.

Five9 (NASDAQ:FIVNGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The software maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.16. Five9 had a negative return on equity of 27.15% and a negative net margin of 11.70%. The business had revenue of $189.38 million during the quarter, compared to analysts’ expectations of $180.08 million. During the same quarter in the previous year, the firm earned ($0.14) EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. Research analysts anticipate that Five9, Inc. will post -0.9 EPS for the current year.

Analysts Set New Price Targets

FIVN has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their price target on Five9 from $130.00 to $125.00 in a report on Monday, May 23rd. UBS Group lowered their target price on Five9 from $180.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, July 25th. MKM Partners initiated coverage on Five9 in a research note on Thursday. They issued a “buy” rating and a $135.00 target price on the stock. Roth Capital initiated coverage on Five9 in a research note on Wednesday, May 18th. They issued a “buy” rating and a $129.00 target price on the stock. Finally, TheStreet downgraded Five9 from a “c-” rating to a “d+” rating in a research note on Wednesday, May 11th. Two equities research analysts have rated the stock with a sell rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $150.78.

Five9 Company Profile

(Get Rating)

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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.

Read More

Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.