Rhumbline Advisers Has $6.02 Million Stock Position in Five9, Inc. (NASDAQ:FIVN)

Rhumbline Advisers raised its position in Five9, Inc. (NASDAQ:FIVN) by 7.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,320 shares of the software maker’s stock after acquiring an additional 5,633 shares during the period. Rhumbline Advisers owned about 0.12% of Five9 worth $6,023,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its holdings in shares of Five9 by 54.2% in the 4th quarter. First Horizon Advisors Inc. now owns 404 shares of the software maker’s stock worth $27,000 after buying an additional 142 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Five9 by 1,013.2% in the 4th quarter. Quadrant Capital Group LLC now owns 423 shares of the software maker’s stock worth $29,000 after buying an additional 385 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Five9 during the 1st quarter worth approximately $41,000. Neo Ivy Capital Management grew its position in Five9 by 117.6% during the 2nd quarter. Neo Ivy Capital Management now owns 470 shares of the software maker’s stock worth $42,000 after acquiring an additional 254 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in Five9 by 77.8% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 640 shares of the software maker’s stock worth $44,000 after acquiring an additional 280 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Insider Activity

In related news, CEO Michael Burkland sold 107,340 shares of Five9 stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $74.95, for a total transaction of $8,045,133.00. Following the completion of the transaction, the chief executive officer now owns 235,284 shares in the company, valued at $17,634,535.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael Burkland sold 107,340 shares of Five9 stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $74.95, for a total transaction of $8,045,133.00. Following the completion of the transaction, the chief executive officer now owns 235,284 shares in the company, valued at $17,634,535.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Daniel P. Burkland sold 8,000 shares of Five9 stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $82.36, for a total value of $658,880.00. Following the transaction, the executive now owns 109,875 shares of the company’s stock, valued at approximately $9,049,305. The disclosure for this sale can be found here. Insiders sold 231,511 shares of company stock worth $17,936,343 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $72.45 on Thursday. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of -60.37 and a beta of 0.76. The business has a 50-day moving average of $78.22 and a 200-day moving average of $70.73. The company has a debt-to-equity ratio of 1.62, a current ratio of 5.32 and a quick ratio of 5.32. Five9, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $93.30.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Monday, August 7th. The software maker reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.12. The company had revenue of $222.88 million during the quarter, compared to analysts’ expectations of $214.11 million. Five9 had a negative return on equity of 17.08% and a negative net margin of 10.12%. As a group, sell-side analysts predict that Five9, Inc. will post -1.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com assumed coverage on Five9 in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft increased their price target on Five9 from $70.00 to $75.00 in a research report on Thursday, August 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $105.00 price objective on shares of Five9 in a research report on Tuesday, August 8th. KeyCorp increased their price target on Five9 from $81.00 to $104.00 and gave the company an “overweight” rating in a research note on Friday, July 21st. Finally, Morgan Stanley increased their price target on Five9 from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 19th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Five9 presently has a consensus rating of “Moderate Buy” and an average price target of $83.82.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent 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.