Five9, Inc. (NASDAQ:FIVN) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in Five9, Inc. (NASDAQ:FIVN) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,261 shares of the software maker’s stock after selling 6,200 shares during the quarter. Rhumbline Advisers owned approximately 0.11% of Five9 worth $2,260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Lindbrook Capital LLC grew its position in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after acquiring an additional 520 shares in the last quarter. Banque Transatlantique SA bought a new position in Five9 during the 4th quarter valued at about $36,000. Johnson Financial Group Inc. bought a new position in shares of Five9 in the fourth quarter valued at about $47,000. Steward Partners Investment Advisory LLC raised its position in shares of 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 acquiring an additional 1,315 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Insider Buying and Selling at Five9

In related news, CEO Michael Burkland sold 5,475 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total transaction of $154,833.00. Following the completion of the sale, the chief executive officer now owns 385,987 shares of the company’s stock, valued at $10,915,712.36. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Panos Kozanian sold 3,816 shares of Five9 stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total transaction of $107,916.48. Following the completion of the sale, the executive vice president now directly owns 123,218 shares of the company’s stock, valued at approximately $3,484,605.04. This trade represents a 3.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,866 shares of company stock valued at $913,434 in the last 90 days. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on FIVN shares. Jefferies Financial Group lowered their price target on Five9 from $45.00 to $28.00 and set a “hold” rating for the company in a report on Monday, April 28th. William Blair restated an “outperform” rating on shares of Five9 in a research note on Thursday, March 13th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Five9 in a research note on Wednesday, April 2nd. Needham & Company LLC dropped their price target on Five9 from $52.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Finally, Mizuho lowered their price objective on Five9 from $55.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.15.

Five9 Price Performance

Shares of NASDAQ:FIVN opened at $27.71 on Tuesday. The company has a 50-day moving average price of $25.86 and a two-hundred day moving average price of $33.31. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $49.90. The firm has a market capitalization of $2.11 billion, a PE ratio of -138.54, a P/E/G ratio of 9.41 and a beta of 1.20.

Five9 (NASDAQ:FIVN) last issued its quarterly 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. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The firm had revenue of $279.71 million during the quarter, compared to analyst estimates of $272.26 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue was up 13.2% compared to the same quarter last year. Equities analysts forecast that Five9, Inc. will post 0.28 EPS for the current year.

About Five9

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.