GAMMA Investing LLC Buys 11,468 Shares of Five9, Inc. (NASDAQ:FIVN)

GAMMA Investing LLC grew its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 3,107.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,837 shares of the software maker’s stock after buying an additional 11,468 shares during the quarter. GAMMA Investing LLC’s holdings in Five9 were worth $321,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted 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 worth $156,000 after purchasing an additional 365 shares during the period. Arizona State Retirement System boosted its holdings in shares of Five9 by 2.0% during the fourth quarter. Arizona State Retirement System now owns 21,694 shares of the software maker’s stock worth $882,000 after purchasing an additional 424 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of 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 purchasing an additional 520 shares during the period. Xponance Inc. boosted its holdings in shares of Five9 by 6.1% during 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 during the period. 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.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $26.85 on Friday. Five9, Inc. has a fifty-two week low of $21.04 and a fifty-two week high of $49.90. The company has a 50 day simple moving average of $26.15 and a two-hundred day simple moving average of $33.04. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -298.30, a P/E/G ratio of 2.61 and a beta of 1.20. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.02 and a current ratio of 2.02.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.14. The company had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. Five9 had a negative net margin of 0.48% and a positive return on equity of 6.06%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 earnings per share. Analysts expect that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Insider Activity at Five9

In related news, CFO Bryan M. Lee sold 1,798 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 $50,847.44. Following the completion of the sale, the chief financial officer now owns 126,468 shares of the company’s stock, valued at $3,576,515.04. 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, President Andy Dignan sold 4,845 shares of Five9 stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.18, for a total transaction of $136,532.10. Following the completion of the sale, the president now directly owns 227,839 shares of the company’s stock, valued at approximately $6,420,503.02. This trade represents a 2.08% 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 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. KeyCorp assumed coverage on shares of Five9 in a report on Friday, June 6th. They set an “overweight” rating and a $35.00 target price for the company. Wells Fargo & Company dropped their target price on shares of Five9 from $45.00 to $23.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group dropped their target price on shares of 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 report on Thursday, March 13th. Finally, Morgan Stanley lowered their price objective on shares of Five9 from $48.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $43.15.

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.