Falcon Point Capital LLC Reduces Stake in Five9 Inc (NASDAQ:FIVN)

Falcon Point Capital LLC lessened its holdings in shares of Five9 Inc (NASDAQ:FIVN) by 25.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 69,972 shares of the software maker’s stock after selling 24,303 shares during the period. Five9 accounts for 1.9% of Falcon Point Capital LLC’s portfolio, making the stock its 21st largest position. Falcon Point Capital LLC owned 0.12% of Five9 worth $3,589,000 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. Winslow Evans & Crocker Inc. acquired a new stake in Five9 in the first quarter worth $30,000. Pearl River Capital LLC bought a new position in shares of Five9 in the first quarter valued at $32,000. Dorsey Wright & Associates lifted its stake in shares of Five9 by 33.3% in the second quarter. Dorsey Wright & Associates now owns 788 shares of the software maker’s stock valued at $40,000 after buying an additional 197 shares in the last quarter. Mckinley Capital Management LLC Delaware lifted its stake in shares of Five9 by 27.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 989 shares of the software maker’s stock valued at $52,000 after buying an additional 216 shares in the last quarter. Finally, Duncker Streett & Co. Inc. bought a new position in shares of Five9 in the first quarter valued at $53,000. 99.90% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the stock. Stephens reissued a “hold” rating and set a $53.00 price target on shares of Five9 in a research report on Monday, April 29th. Zacks Investment Research lowered shares of Five9 from a “buy” rating to a “hold” rating in a research report on Monday. Northland Securities restated a “buy” rating on shares of Five9 in a report on Thursday, May 2nd. JPMorgan Chase & Co. upgraded shares of Five9 from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $59.00 to $70.00 in a report on Thursday, August 1st. Finally, KeyCorp reiterated a “hold” rating on shares of Five9 in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $57.55.

In other Five9 news, EVP Scott Welch sold 1,411 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $49.42, for a total transaction of $69,731.62. Following the transaction, the executive vice president now owns 76,328 shares in the company, valued at approximately $3,772,129.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael J. Burdiek sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $62.12, for a total transaction of $310,600.00. Following the transaction, the director now owns 34,715 shares in the company, valued at approximately $2,156,495.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 347,889 shares of company stock worth $18,157,102. 4.90% of the stock is currently owned by company insiders.

NASDAQ:FIVN opened at $62.05 on Friday. The company has a fifty day moving average of $53.28 and a 200 day moving average of $52.12. Five9 Inc has a 52 week low of $34.66 and a 52 week high of $64.14. The company has a quick ratio of 6.41, a current ratio of 6.41 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $3.88 billion, a P/E ratio of 413.67, a P/E/G ratio of 149.33 and a beta of 0.56.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Wednesday, July 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.07. The business had revenue of $77.44 million for the quarter, compared to the consensus estimate of $72.42 million. Five9 had a negative net margin of 0.47% and a positive return on equity of 8.90%. The company’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 EPS. As a group, analysts anticipate that Five9 Inc will post 0.04 EPS for the current year.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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