Swiss National Bank Grows Stock Position in Five9, Inc. (NASDAQ:FIVN)

Swiss National Bank grew its holdings in Five9, Inc. (NASDAQ:FIVN – Get Rating) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,300 shares of the software maker’s stock after purchasing an additional 4,400 shares during the period. Swiss National Bank owned about 0.24% of Five9 worth $11,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIVN. Centiva Capital LP increased its stake in shares of Five9 by 12.2% during the third quarter. Centiva Capital LP now owns 2,804 shares of the software maker’s stock valued at $210,000 after buying an additional 304 shares during the period. Vista Equity Partners Management LLC increased its stake in shares of Five9 by 50.1% during the third quarter. Vista Equity Partners Management LLC now owns 364,256 shares of the software maker’s stock valued at $27,312,000 after buying an additional 121,595 shares during the period. Capital Fund Management S.A. increased its stake in shares of Five9 by 40.6% during the third quarter. Capital Fund Management S.A. now owns 110,838 shares of the software maker’s stock valued at $8,311,000 after buying an additional 31,991 shares during the period. California Public Employees Retirement System increased its stake in shares of Five9 by 15.3% during the third quarter. California Public Employees Retirement System now owns 138,697 shares of the software maker’s stock valued at $10,400,000 after buying an additional 18,363 shares during the period. Finally, Blueshift Asset Management LLC increased its stake in shares of Five9 by 91.9% during the third quarter. Blueshift Asset Management LLC now owns 6,372 shares of the software maker’s stock valued at $478,000 after buying an additional 3,051 shares during the period.

Insiders Place Their Bets

In other news, CFO Barry Zwarenstein sold 10,000 shares of the firm’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $71.23, for a total transaction of $712,300.00. Following the sale, the chief financial officer now owns 97,303 shares in the company, valued at $6,930,892.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Leena Mansharamani sold 872 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $67.44, for a total value of $58,807.68. Following the completion of the sale, the chief accounting officer now owns 22,845 shares of the company’s stock, valued at $1,540,666.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Barry Zwarenstein sold 10,000 shares of the business’s stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $71.23, for a total value of $712,300.00. Following the completion of the transaction, the chief financial officer now owns 97,303 shares in the company, valued at approximately $6,930,892.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,514 shares of company stock valued at $2,409,180. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FIVN. William Blair reaffirmed an “outperform” rating on shares of Five9 in a research report on Wednesday, February 22nd. Morgan Stanley raised their price target on Five9 from $65.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, February 23rd. Canaccord Genuity Group lifted their target price on Five9 from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Five9 in a report on Thursday, February 23rd. Finally, Northland Securities lifted their price target on Five9 from $80.00 to $85.00 in a research report on Thursday, February 23rd. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Five9 has an average rating of “Moderate Buy” and an average target price of $84.68.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $51.50 on Monday. The company has a market cap of $3.67 billion, a price-to-earnings ratio of -41.53 and a beta of 0.73. The company has a debt-to-equity ratio of 2.18, a current ratio of 5.00 and a quick ratio of 5.00. Five9, Inc. has a 1-year low of $46.61 and a 1-year high of $120.39. The stock’s 50-day moving average is $64.43 and its two-hundred day moving average is $67.24.

Five9 (NASDAQ:FIVN – Get Rating) last issued its earnings results on Wednesday, February 22nd. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.16. Five9 had a negative return on equity of 21.77% and a negative net margin of 10.78%. The business had revenue of $208.35 million during the quarter, compared to the consensus estimate of $204.47 million. Analysts forecast that Five9, Inc. will post -0.87 EPS for the current fiscal year.

Five9 Company Profile

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Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.