Five9, Inc. (NASDAQ:FIVN) Shares Sold by Xponance Inc.

Xponance Inc. decreased its position in shares of Five9, Inc. (NASDAQ:FIVN) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,221 shares of the software maker’s stock after selling 576 shares during the quarter. Xponance Inc.’s holdings in Five9 were worth $726,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Sylebra Capital LLC acquired a new stake in Five9 in the third quarter worth about $129,467,000. Assenagon Asset Management S.A. lifted its holdings in Five9 by 84.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 837,856 shares of the software maker’s stock worth $65,931,000 after purchasing an additional 383,002 shares during the period. UBS Group AG lifted its holdings in Five9 by 162.6% in the third quarter. UBS Group AG now owns 533,914 shares of the software maker’s stock worth $34,331,000 after purchasing an additional 330,567 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Five9 by 966.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 348,536 shares of the software maker’s stock worth $22,411,000 after purchasing an additional 315,867 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Five9 by 3.2% in the third quarter. Vanguard Group Inc. now owns 7,236,249 shares of the software maker’s stock worth $465,291,000 after purchasing an additional 227,183 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FIVN. KeyCorp reduced their price objective on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Rosenblatt Securities cut their price target on shares of Five9 from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday. Wells Fargo & Company cut their price target on shares of Five9 from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Morgan Stanley cut their price target on shares of Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Finally, Piper Sandler upped their price target on shares of Five9 from $84.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, January 12th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.47.

Insider Activity

In other news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value of $420,435.20. Following the transaction, the chief operating officer now owns 129,559 shares in the company, valued at approximately $7,421,139.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Five9 Price Performance

Shares of FIVN opened at $58.98 on Friday. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of -52.19 and a beta of 0.83. Five9, Inc. has a fifty-two week low of $51.01 and a fifty-two week high of $92.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.53 and a quick ratio of 5.53. The business’s 50-day moving average is $61.00 and its 200-day moving average is $68.62.

Five9 (NASDAQ:FIVN) last issued its earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.14. The company had revenue of $239.06 million for the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative return on equity of 12.51% and a negative net margin of 8.98%. Equities research analysts expect that Five9, Inc. will post -0.42 EPS for the current fiscal year.

Five9 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.