Five9, Inc. (NASDAQ:FIVN) Stock Holdings Trimmed by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in Five9, Inc. (NASDAQ:FIVN) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 381,751 shares of the software maker’s stock after selling 5,998 shares during the quarter. Dimensional Fund Advisors LP owned 0.51% of Five9 worth $15,515,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in shares of Five9 by 10.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker’s stock valued at $156,000 after buying an additional 365 shares in the last quarter. Arizona State Retirement System grew its stake in Five9 by 2.0% during the 4th quarter. Arizona State Retirement System now owns 21,694 shares of the software maker’s stock valued at $882,000 after acquiring an additional 424 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares during the period. Xponance Inc. lifted its position in shares of Five9 by 6.1% in the fourth quarter. Xponance Inc. now owns 9,421 shares of the software maker’s stock worth $383,000 after purchasing an additional 539 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Five9 by 1.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker’s stock worth $1,325,000 after purchasing an additional 590 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Price Performance

Shares of NASDAQ:FIVN opened at $26.35 on Friday. The firm has a market capitalization of $2.01 billion, a PE ratio of -131.74, a PEG ratio of 9.41 and a beta of 1.23. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 1-year low of $21.04 and a 1-year high of $55.45. The business’s 50 day moving average is $26.58 and its 200-day moving average is $34.70.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.14. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The firm had revenue of $279.71 million for the quarter, compared to analyst estimates of $272.26 million. During the same quarter in the previous year, the firm posted $0.48 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Sell-side analysts predict that Five9, Inc. will post 0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FIVN shares. Morgan Stanley cut their target price on shares of Five9 from $48.00 to $28.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Piper Sandler boosted their target price on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Evercore ISI cut their price target on Five9 from $55.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Royal Bank of Canada boosted their price target on Five9 from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Finally, Needham & Company LLC cut their price objective on shares of Five9 from $52.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.58.

Insiders Place Their Bets

In related news, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the sale, the executive vice president now owns 126,359 shares in the company, valued at $4,220,390.60. This trade represents a 5.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the transaction, the chief executive officer now owns 404,056 shares in the company, valued at approximately $14,396,515.28. This trade represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,574 shares of company stock worth $1,004,346 over the last three months. 1.60% of the stock is currently owned by corporate insiders.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.