SG Americas Securities LLC Buys 13,748 Shares of Five9, Inc. (NASDAQ:FIVN)

SG Americas Securities LLC raised its stake in Five9, Inc. (NASDAQ:FIVN) by 124.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,780 shares of the software maker’s stock after acquiring an additional 13,748 shares during the period. SG Americas Securities LLC’s holdings in Five9 were worth $673,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. bought a new stake in shares of Five9 in the 4th quarter worth about $268,000. Sanctuary Advisors LLC increased its holdings in shares of Five9 by 115.7% in the 4th quarter. Sanctuary Advisors LLC now owns 10,913 shares of the software maker’s stock worth $445,000 after buying an additional 5,853 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Five9 by 3,955.4% in the 4th 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. New York State Common Retirement Fund increased its holdings in shares of Five9 by 7.7% in the 4th quarter. New York State Common Retirement Fund now owns 70,101 shares of the software maker’s stock worth $2,849,000 after buying an additional 5,000 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of Five9 in the 4th quarter worth about $269,000. 96.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FIVN. KeyCorp began coverage on shares of Five9 in a report on Friday, June 6th. They issued an “overweight” rating and a $35.00 target price on the stock. Royal Bank Of Canada boosted their target price on shares of Five9 from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Piper Sandler boosted their target price on shares of Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Morgan Stanley reduced their target price on shares of Five9 from $48.00 to $28.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Five9 in a report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.15.

Five9 Price Performance

Five9 stock opened at $26.85 on Friday. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -298.30, a price-to-earnings-growth ratio of 2.61 and a beta of 1.20. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.02 and a quick ratio of 2.02. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $49.90. The firm has a 50-day moving average of $26.15 and a two-hundred day moving average of $33.04.

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, topping the consensus estimate of $0.48 by $0.14. Five9 had a negative net margin of 0.48% and a positive return on equity of 6.06%. The firm had revenue of $279.71 million during the quarter, compared to analysts’ expectations of $272.26 million. During the same quarter in the prior year, the company earned $0.48 EPS. The company’s revenue was up 13.2% compared to the same quarter last year. On average, research analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Michael Burkland sold 5,475 shares of the business’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 value of $154,833.00. Following the completion of the transaction, the chief executive officer now owns 385,987 shares of the company’s stock, valued at $10,915,712.36. The trade was a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Leena Mansharamani sold 2,938 shares of the company’s stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $27.83, for a total value of $81,764.54. Following the transaction, the chief accounting officer now directly owns 44,901 shares in the company, valued at approximately $1,249,594.83. The trade was a 6.14% decrease in their ownership of the stock. 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.

Five9 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.