PNC Financial Services Group Inc. Has $182,000 Stock Position in Five9, Inc. $FIVN

PNC Financial Services Group Inc. increased its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 74.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,701 shares of the software maker’s stock after acquiring an additional 2,865 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Five9 were worth $182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FIVN. Ameriprise Financial Inc. boosted its stake in Five9 by 353.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock worth $97,356,000 after buying an additional 1,867,137 shares in the last quarter. Sylebra Capital LLC boosted its stake in shares of Five9 by 59.4% in the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock valued at $152,228,000 after purchasing an additional 1,396,496 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Five9 in the 4th quarter valued at $51,061,000. Wellington Management Group LLP boosted its stake in shares of Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after purchasing an additional 601,348 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Five9 in the 1st quarter valued at $15,777,000. Institutional investors own 96.64% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Panos Kozanian sold 7,043 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $25.81, for a total value of $181,779.83. Following the completion of the transaction, the executive vice president directly owned 116,175 shares in the company, valued at approximately $2,998,476.75. The trade was a 5.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bryan M. Lee sold 1,798 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 $50,847.44. Following the completion of the transaction, the chief financial officer owned 126,468 shares of the company’s stock, valued at $3,576,515.04. This represents a 1.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,609 shares of company stock worth $1,113,133 in the last three months. 1.60% of the stock is owned by corporate insiders.

Five9 Stock Performance

Shares of FIVN stock opened at $26.04 on Monday. 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 stock has a market cap of $2.01 billion, a PE ratio of 289.37, a price-to-earnings-growth ratio of 2.45 and a beta of 1.17. The stock has a 50-day moving average of $26.96 and a 200-day moving average of $28.96. Five9, Inc. has a one year low of $21.04 and a one year high of $49.90.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, July 31st. The software maker reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.11. Five9 had a return on equity of 8.91% and a net margin of 0.80%. The company had revenue of $283.27 million during the quarter, compared to analysts’ expectations of $275.18 million. During the same period in the prior year, the business posted $0.52 EPS. Five9’s revenue was up 12.4% on a year-over-year basis. As a group, sell-side analysts expect that Five9, Inc. will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Rosenblatt Securities restated a “buy” rating and issued a $36.00 target price on shares of Five9 in a research note on Friday, August 1st. DA Davidson upgraded shares of Five9 to a “hold” rating in a research note on Monday, August 4th. Royal Bank Of Canada boosted their target price on shares of Five9 from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Jefferies Financial Group reduced their price target on shares of Five9 from $45.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. Finally, KeyCorp began coverage on shares of Five9 in a research report on Friday, June 6th. They set an “overweight” rating and a $35.00 price target on the stock. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.59.

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.