Ensign Peak Advisors Inc Has $1.01 Million Holdings in Five9, Inc. (NASDAQ:FIVN)

Ensign Peak Advisors Inc lessened its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 91.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,885 shares of the software maker’s stock after selling 230,490 shares during the period. Ensign Peak Advisors Inc’s holdings in Five9 were worth $1,009,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB acquired a new position in shares of Five9 during the 1st quarter worth approximately $3,239,000. Alberta Investment Management Corp acquired a new position in shares of Five9 during the 4th quarter worth approximately $2,254,000. Neo Ivy Capital Management bought a new stake in shares of Five9 during the 2nd quarter worth approximately $2,177,000. Tairen Capital Ltd bought a new stake in shares of Five9 during the 4th quarter worth approximately $5,836,000. Finally, Teca Partners LP lifted its holdings in shares of Five9 by 50.0% during the 4th quarter. Teca Partners LP now owns 98,559 shares of the software maker’s stock worth $7,756,000 after acquiring an additional 32,837 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Trading Up 1.6 %

Shares of NASDAQ FIVN opened at $28.76 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. Five9, Inc. has a 52-week low of $26.60 and a 52-week high of $92.40. The firm has a 50 day moving average price of $34.13 and a two-hundred day moving average price of $45.69. The stock has a market cap of $2.12 billion, a P/E ratio of -33.83 and a beta of 0.86.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The firm had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $244.54 million. As a group, equities analysts forecast that Five9, Inc. will post -0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley cut their price target on shares of Five9 from $70.00 to $50.00 and set an “equal weight” rating for the company in a report on Friday, June 14th. Rosenblatt Securities cut their price target on shares of Five9 from $80.00 to $70.00 and set a “buy” rating for the company in a report on Friday, August 9th. Northland Securities cut their price target on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Barclays cut their price target on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Finally, Baird R W downgraded shares of Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.35.

Insider Transactions at Five9

In other news, CEO Michael Burkland sold 12,595 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.27, for a total transaction of $381,250.65. Following the completion of the sale, the chief executive officer now directly owns 253,488 shares in the company, valued at $7,673,081.76. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Michael Burkland sold 12,595 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.27, for a total transaction of $381,250.65. Following the completion of the sale, the chief executive officer now directly owns 253,488 shares in the company, valued at $7,673,081.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Leena Mansharamani sold 1,395 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the sale, the chief accounting officer now owns 36,872 shares of the company’s stock, valued at $1,124,964.72. The disclosure for this sale can be found here. Insiders sold a total of 45,337 shares of company stock worth $1,491,971 over the last three months. 1.80% of the stock is owned by company insiders.

Five9 Company 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.