Cwm LLC Sells 645 Shares of Five9, Inc. (NASDAQ:FIVN)

Cwm LLC cut its holdings in Five9, Inc. (NASDAQ:FIVN) by 31.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,402 shares of the software maker’s stock after selling 645 shares during the period. Cwm LLC’s holdings in Five9 were worth $38,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FIVN. Ameriprise Financial Inc. lifted its stake in Five9 by 353.3% in the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock worth $97,356,000 after purchasing an additional 1,867,137 shares during the last quarter. Sylebra Capital LLC lifted its stake in Five9 by 59.4% in the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock worth $152,228,000 after purchasing an additional 1,396,496 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Five9 in the fourth quarter worth $51,061,000. Wellington Management Group LLP increased its position in shares of Five9 by 50.9% in the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after acquiring an additional 601,348 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Five9 in the first quarter valued at about $15,777,000. 96.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on FIVN shares. Wall Street Zen upgraded shares of Five9 from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Barclays decreased their price objective on shares of Five9 from $60.00 to $33.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 price objective on shares of Five9 in a research report on Friday. Rosenblatt Securities restated a “buy” rating and issued a $36.00 price objective on shares of Five9 in a research report on Friday. Finally, Royal Bank Of Canada boosted their price objective on shares of Five9 from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.14.

Insider Transactions at Five9

In other news, EVP Panos Kozanian sold 3,816 shares of the company’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 $107,916.48. Following the transaction, the executive vice president owned 123,218 shares in the company, valued at approximately $3,484,605.04. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael Burkland sold 12,594 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $27.17, for a total transaction of $342,178.98. Following the completion of the transaction, the chief executive officer owned 391,462 shares in the company, valued at approximately $10,636,022.54. This represents a 3.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,866 shares of company stock valued at $913,042. 1.60% of the stock is currently owned by insiders.

Five9 Trading Up 3.2%

NASDAQ:FIVN opened at $25.05 on Tuesday. Five9, Inc. has a one year low of $21.04 and a one year high of $49.90. The company has a debt-to-equity ratio of 1.04, a current ratio of 4.44 and a quick ratio of 4.44. The company’s 50-day simple moving average is $27.42 and its 200 day simple moving average is $29.96. The firm has a market capitalization of $1.91 billion, a P/E ratio of 278.36, a PEG ratio of 2.23 and a beta of 1.17.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $0.76 EPS for the quarter, topping the consensus estimate of $0.65 by $0.11. Five9 had a net margin of 0.80% and a return on equity of 8.91%. The business had revenue of $283.27 million for the quarter, compared to analyst estimates of $275.18 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Five9’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal 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.