The Manufacturers Life Insurance Company Has $575,000 Position in Five9, Inc. (NASDAQ:FIVN)

The Manufacturers Life Insurance Company lowered its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,139 shares of the software maker’s stock after selling 1,177 shares during the period. The Manufacturers Life Insurance Company’s holdings in Five9 were worth $575,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC boosted its stake in Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after buying an additional 520 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Five9 during the fourth quarter worth $47,000. Steward Partners Investment Advisory LLC boosted its stake in Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after buying an additional 1,315 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after buying an additional 2,571 shares in the last quarter. Finally, Conquis Financial LLC bought a new position in shares of Five9 during the fourth quarter valued at $122,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Stock Performance

Shares of Five9 stock opened at $28.05 on Friday. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -140.24, a PEG ratio of 9.41 and a beta of 1.23. Five9, Inc. has a 52 week low of $21.04 and a 52 week high of $53.91. The firm has a fifty day moving average of $26.05 and a two-hundred day moving average of $34.61. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.14. The company had revenue of $279.71 million during the quarter, compared to analyst estimates of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 EPS. As a group, equities research analysts predict that Five9, Inc. will post 0.28 EPS for the current year.

Insider Transactions at Five9

In other news, CEO Michael Burkland sold 12,595 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was 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 directly owns 404,056 shares in the company, valued at approximately $14,396,515.28. The trade was a 3.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Andy Dignan sold 2,840 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $94,373.20. Following the transaction, the chief operating officer now owns 194,201 shares of the company’s stock, valued at $6,453,299.23. The trade was a 1.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,574 shares of company stock worth $1,004,346. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FIVN. Jefferies Financial Group cut their price objective on Five9 from $45.00 to $28.00 and set a “hold” rating for the company in a report on Monday, April 28th. Wells Fargo & Company cut their price objective on Five9 from $45.00 to $23.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada lifted their price objective on Five9 from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Mizuho cut their price objective on Five9 from $55.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Finally, UBS Group cut their price objective on Five9 from $55.00 to $35.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $43.58.

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.