Five9, Inc. (NASDAQ:FIVN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in shares of Five9, Inc. (NASDAQ:FIVNFree Report) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,221 shares of the software maker’s stock after selling 343 shares during the quarter. Principal Financial Group Inc.’s holdings in Five9 were worth $448,000 at the end of the most recent quarter.

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

Five9 Stock Performance

Shares of FIVN opened at $42.88 on Friday. Five9, Inc. has a 1 year low of $39.07 and a 1 year high of $92.40. The company’s 50 day simple moving average is $47.80 and its 200 day simple moving average is $61.15. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of -50.45 and a beta of 0.82. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02.

Five9 (NASDAQ:FIVNGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.13. The company had revenue of $247.01 million for 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%. On average, sell-side analysts predict that Five9, Inc. will post -0.3 EPS for the current year.

Insider Buying and Selling

In related news, CFO Barry Zwarenstein sold 10,291 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $42.64, for a total transaction of $438,808.24. Following the completion of the transaction, the chief financial officer now owns 107,255 shares of the company’s stock, valued at $4,573,353.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Barry Zwarenstein sold 10,291 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $42.64, for a total transaction of $438,808.24. Following the completion of the sale, the chief financial officer now directly owns 107,255 shares in the company, valued at approximately $4,573,353.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Andy Dignan sold 5,731 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $265,345.30. Following the completion of the transaction, the chief operating officer now directly owns 124,172 shares in the company, valued at $5,749,163.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,541 shares of company stock valued at $2,024,537. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

FIVN has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Five9 in a report on Thursday, June 6th. Rosenblatt Securities reissued a “buy” rating and set a $80.00 price objective on shares of Five9 in a report on Friday, May 3rd. Canaccord Genuity Group reduced their price target 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. Wells Fargo & Company lowered their price target on Five9 from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, June 10th. Finally, Royal Bank of Canada started coverage on Five9 in a report on Friday, March 15th. They set an “outperform” rating and a $80.00 price objective for the company. Three equities research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.71.

Check Out Our Latest Report on FIVN

Five9 Company 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.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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