Corient Private Wealth LLC Raises Position in Five9, Inc. (NASDAQ:FIVN)

Corient Private Wealth LLC raised its stake in Five9, Inc. (NASDAQ:FIVNFree Report) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,796 shares of the software maker’s stock after purchasing an additional 527 shares during the quarter. Corient Private Wealth LLC’s holdings in Five9 were worth $535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FIVN. Vanguard Group Inc. increased its position in shares of Five9 by 3.2% during the third quarter. Vanguard Group Inc. now owns 7,236,249 shares of the software maker’s stock valued at $465,291,000 after acquiring an additional 227,183 shares during the last quarter. Sylebra Capital LLC purchased a new stake in shares of Five9 during the third quarter valued at approximately $129,467,000. Eagle Asset Management Inc. increased its position in shares of Five9 by 3.4% during the third quarter. Eagle Asset Management Inc. now owns 1,027,323 shares of the software maker’s stock valued at $66,057,000 after acquiring an additional 33,854 shares during the last quarter. Norges Bank purchased a new stake in shares of Five9 during the fourth quarter valued at approximately $79,035,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Five9 by 84.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 837,856 shares of the software maker’s stock valued at $65,931,000 after acquiring an additional 383,002 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Five9

In other Five9 news, EVP Panos Kozanian sold 6,893 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $319,145.90. Following the sale, the executive vice president now owns 94,477 shares in the company, valued at $4,374,285.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Panos Kozanian sold 6,893 shares of Five9 stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $319,145.90. Following the transaction, the executive vice president now owns 94,477 shares in the company, valued at $4,374,285.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CRO Daniel P. Burkland sold 7,698 shares of Five9 stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $356,417.40. Following the completion of the transaction, the executive now owns 127,635 shares in the company, valued at approximately $5,909,500.50. The disclosure for this sale can be found here. Insiders have sold 34,250 shares of company stock worth $1,585,729 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on FIVN. Rosenblatt Securities reaffirmed a “buy” rating and set a $80.00 price target on shares of Five9 in a research report on Friday, May 3rd. Canaccord Genuity Group reduced their price objective on Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Morgan Stanley reduced 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. UBS Group reduced 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, KeyCorp reduced their price objective on Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Five9 currently has a consensus rating of “Moderate Buy” and an average price target of $83.87.

Check Out Our Latest Analysis on FIVN

Five9 Price Performance

Five9 stock opened at $43.61 on Friday. The firm has a market capitalization of $3.22 billion, a P/E ratio of -51.31 and a beta of 0.81. Five9, Inc. has a one year low of $41.79 and a one year high of $92.40. The business has a fifty day moving average price of $55.14 and a 200-day moving average price of $66.54. The company has a debt-to-equity ratio of 2.41, a current ratio of 7.02 and a quick ratio of 7.02.

Five9 (NASDAQ:FIVNGet Free Report) last posted its quarterly earnings data 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. The company had revenue of $247.01 million during the quarter, compared to analyst estimates of $239.72 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. As a group, equities research analysts forecast that Five9, Inc. will post -0.23 EPS for the current year.

Five9 Profile

(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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