Janney Montgomery Scott LLC Has $768,000 Stock Holdings in Five9, Inc. $FIVN

Janney Montgomery Scott LLC lessened its position in shares of Five9, Inc. (NASDAQ:FIVN) by 15.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,993 shares of the software maker’s stock after selling 5,360 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Five9 were worth $768,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in shares of Five9 by 14.8% during the first quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker’s stock valued at $74,649,000 after acquiring an additional 353,939 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Five9 by 292.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock valued at $72,745,000 after acquiring an additional 1,996,628 shares during the period. Van Berkom & Associates Inc. lifted its stake in Five9 by 14.2% in the first quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker’s stock valued at $58,122,000 after buying an additional 266,484 shares during the period. Armistice Capital LLC lifted its stake in Five9 by 6.5% in the first quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker’s stock valued at $56,961,000 after buying an additional 127,793 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in Five9 by 24.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,564,920 shares of the software maker’s stock valued at $42,488,000 after buying an additional 308,508 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Trading Down 1.8%

NASDAQ FIVN opened at $21.87 on Thursday. The firm has a market cap of $1.69 billion, a P/E ratio of 243.03, a P/E/G ratio of 2.10 and a beta of 1.19. 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’s 50-day moving average is $25.16 and its 200-day moving average is $25.90. Five9, Inc. has a one year low of $20.48 and a one year high of $49.90.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. The company had revenue of $283.27 million for the quarter. Five9 had a return on equity of 8.91% and a net margin of 0.80%. Sell-side analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FIVN has been the topic of several analyst reports. DA Davidson reissued a “neutral” rating and issued a $28.00 target price on shares of Five9 in a research note on Friday, September 12th. Wells Fargo & Company initiated coverage on Five9 in a research note on Tuesday, September 30th. They issued an “equal weight” rating and a $28.00 target price on the stock. Wall Street Zen raised Five9 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Zacks Research raised Five9 from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $40.00 target price on shares of Five9 in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.88.

Insider Buying and Selling at Five9

In related news, CEO Michael Burkland sold 18,425 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.72, for a total transaction of $473,891.00. Following the completion of the transaction, the chief executive officer directly owned 367,562 shares in the company, valued at approximately $9,453,694.64. This trade represents a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Panos Kozanian sold 10,860 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.87, for a total value of $280,948.20. Following the transaction, the executive vice president owned 105,315 shares of the company’s stock, valued at approximately $2,724,499.05. The trade was a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,781 shares of company stock valued at $1,563,724 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

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.