US Bancorp DE Boosts Stake in Five9, Inc. (NASDAQ:FIVN)

US Bancorp DE boosted its stake in Five9, Inc. (NASDAQ:FIVNFree Report) by 1.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,032 shares of the software maker’s stock after buying an additional 228 shares during the quarter. US Bancorp DE’s holdings in Five9 were worth $1,340,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI lifted its stake in Five9 by 46.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after buying an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. lifted its stake in shares of Five9 by 139.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after purchasing an additional 279 shares during the period. Headlands Technologies LLC lifted its stake in shares of Five9 by 136.0% during the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after purchasing an additional 306 shares during the period. Intrust Bank NA purchased a new position in shares of Five9 during the 4th quarter worth $202,000. Finally, Inceptionr LLC purchased a new position in shares of Five9 during the 4th quarter worth $215,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Stock Up 0.6 %

Shares of NASDAQ FIVN opened at $46.76 on Monday. Five9, Inc. has a 12-month low of $45.49 and a 12-month high of $92.40. The company has a market cap of $3.45 billion, a P/E ratio of -55.01 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. The stock has a fifty day moving average price of $56.58 and a 200 day moving average price of $67.26.

Five9 (NASDAQ:FIVNGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.13. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. The firm had revenue of $247.01 million during the quarter, compared to the consensus estimate of $239.72 million. Research analysts anticipate that Five9, Inc. will post -0.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. KeyCorp reduced their price target on Five9 from $93.00 to $86.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. Canaccord Genuity Group reduced their price target on Five9 from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Wells Fargo & Company dropped their price objective on Five9 from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. UBS Group dropped their price objective on Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, Morgan Stanley dropped their price objective on Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $83.87.

Read Our Latest Analysis on Five9

Insider Activity at Five9

In other Five9 news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total value of $420,435.20. Following the completion of the transaction, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at approximately $7,421,139.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by insiders.

About Five9

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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