Cwm LLC Sells 198 Shares of Five9, Inc. (NASDAQ:FIVN)

Cwm LLC lessened its position in shares of Five9, Inc. (NASDAQ:FIVN) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 689 shares of the software maker’s stock after selling 198 shares during the period. Cwm LLC’s holdings in Five9 were worth $54,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FIVN. Vanguard Group Inc. boosted its stake in Five9 by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 7,236,249 shares of the software maker’s stock valued at $465,291,000 after purchasing an additional 227,183 shares during the period. Sylebra Capital LLC bought a new position in Five9 during the third quarter worth about $129,467,000. Eagle Asset Management Inc. boosted its holdings in Five9 by 3.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,027,323 shares of the software maker’s stock valued at $66,057,000 after purchasing an additional 33,854 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Five9 by 84.2% during the 4th 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Five9 by 11.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 819,615 shares of the software maker’s stock worth $52,701,000 after purchasing an additional 81,744 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Price Performance

Five9 stock opened at $54.32 on Thursday. The stock has a 50-day moving average price of $59.61 and a two-hundred day moving average price of $68.36. Five9, Inc. has a 12 month low of $51.01 and a 12 month high of $92.40. The company has a market capitalization of $4.01 billion, a PE ratio of -63.91 and a beta of 0.85. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.14. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The business had revenue of $239.06 million during the quarter, compared to analyst estimates of $237.64 million. Analysts expect that Five9, Inc. will post -0.42 EPS for the current year.

Insider Buying and Selling at Five9

In related news, COO Andy Dignan sold 7,340 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were 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 $7,421,139.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

FIVN has been the topic of a number of recent research reports. Royal Bank of Canada initiated coverage on Five9 in a research note on Friday, March 15th. They set an “outperform” rating and a $80.00 price objective on the stock. Piper Sandler upped their price objective on shares of Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, January 12th. KeyCorp decreased their target price on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. Wells Fargo & Company cut their price target on shares of Five9 from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Finally, Canaccord Genuity Group lowered their price objective on shares of Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Five9 has an average rating of “Moderate Buy” and an average target price of $84.88.

About Five9

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.