Quantinno Capital Management LP Buys New Shares in Five9, Inc. (NASDAQ:FIVN)

Quantinno Capital Management LP bought a new stake in Five9, Inc. (NASDAQ:FIVN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,062 shares of the software maker’s stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Lindbrook Capital LLC raised its stake in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after buying an additional 520 shares during the period. Banque Transatlantique SA bought a new stake in Five9 in the fourth quarter valued at approximately $36,000. Johnson Financial Group Inc. bought a new stake in Five9 in the fourth quarter valued at approximately $47,000. Steward Partners Investment Advisory LLC raised its stake in Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after buying an additional 1,315 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after buying an additional 2,571 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Insider Buying and Selling at Five9

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the sale, the executive vice president now owns 126,359 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the sale, the chief executive officer now directly owns 404,056 shares in the company, valued at approximately $14,396,515.28. This represents a 3.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,574 shares of company stock valued at $1,004,346. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FIVN shares. Piper Sandler upped their price objective on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. William Blair restated an “outperform” rating on shares of Five9 in a research note on Thursday, March 13th. Wells Fargo & Company dropped their price objective on Five9 from $45.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Barclays lowered their target price on Five9 from $60.00 to $33.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Finally, Mizuho lowered their target price on Five9 from $55.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Five9 currently has a consensus rating of “Moderate Buy” and an average target price of $43.58.

Five9 Trading Down 1.4%

Shares of NASDAQ:FIVN opened at $26.59 on Tuesday. The company has a market capitalization of $2.03 billion, a P/E ratio of -132.94, a P/E/G ratio of 9.41 and a beta of 1.23. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $50.25. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The business’s 50 day simple moving average is $25.69 and its 200 day simple moving average is $34.45.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.14. The firm had revenue of $279.71 million for the quarter, compared to the consensus estimate 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 was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. On average, research analysts anticipate that Five9, Inc. will post 0.28 EPS for the current fiscal year.

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.