Five9 (NASDAQ:FIVN) Shares Up 3.2%

Shares of Five9, Inc. (NASDAQ:FIVN) were up 3.2% on Thursday . The company traded as high as $196.19 and last traded at $195.25. Approximately 19,989 shares were traded during trading, a decline of 98% from the average daily volume of 1,257,856 shares. The stock had previously closed at $189.19.

FIVN has been the subject of several recent analyst reports. Piper Sandler boosted their price objective on shares of Five9 from $212.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, April 30th. Zacks Investment Research raised Five9 from a “sell” rating to a “hold” rating in a report on Wednesday, May 5th. Colliers Securities cut shares of Five9 from a “buy” rating to a “neutral” rating in a research note on Tuesday. Wells Fargo & Company lowered shares of Five9 from an “overweight” rating to an “equal weight” rating in a research report on Monday. Finally, Bank of America started coverage on Five9 in a report on Tuesday, April 20th. They issued an “underperform” rating for the company. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. Five9 has a consensus rating of “Hold” and a consensus target price of $197.06.

The firm has a 50 day simple moving average of $176.42. The company has a current ratio of 6.50, a quick ratio of 6.50 and a debt-to-equity ratio of 5.42. The firm has a market cap of $13.01 billion, a PE ratio of -266.46 and a beta of 0.50.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, April 29th. The software maker reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.35. Five9 had a positive return on equity of 0.23% and a negative net margin of 9.84%. The company had revenue of $137.88 million during the quarter, compared to the consensus estimate of $122.55 million. On average, equities research analysts anticipate that Five9, Inc. will post -0.41 EPS for the current year.

In other Five9 news, CFO Barry Zwarenstein sold 12,500 shares of the business’s stock in a transaction on Monday, May 17th. The shares were sold at an average price of $162.80, for a total transaction of $2,035,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rowan M. Trollope sold 6,000 shares of the stock in a transaction on Tuesday, July 6th. The shares were sold at an average price of $191.78, for a total value of $1,150,680.00. Following the transaction, the chief executive officer now directly owns 195,256 shares in the company, valued at $37,446,195.68. The disclosure for this sale can be found here. Insiders sold 136,313 shares of company stock valued at $22,831,306 over the last quarter. Company insiders own 2.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board boosted its holdings in shares of Five9 by 350.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 103,236 shares of the software maker’s stock worth $18,004,000 after buying an additional 80,302 shares during the last quarter. Great Lakes Advisors LLC raised its holdings in Five9 by 5.9% in the 1st quarter. Great Lakes Advisors LLC now owns 111,679 shares of the software maker’s stock worth $17,459,000 after purchasing an additional 6,264 shares during the period. Dimensional Fund Advisors LP lifted its position in Five9 by 12.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 68,172 shares of the software maker’s stock valued at $11,889,000 after purchasing an additional 7,323 shares in the last quarter. Virginia Retirement Systems ET AL grew its holdings in Five9 by 6.8% during the fourth quarter. Virginia Retirement Systems ET AL now owns 7,800 shares of the software maker’s stock valued at $1,360,000 after purchasing an additional 500 shares during the period. Finally, Granite Investment Partners LLC increased its position in Five9 by 2.2% in the first quarter. Granite Investment Partners LLC now owns 21,786 shares of the software maker’s stock worth $3,406,000 after buying an additional 462 shares in the last quarter. Institutional investors and hedge funds own 97.82% of the company’s stock.

Five9 Company Profile (NASDAQ:FIVN)

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.

Further Reading: What does an equal weight rating mean?

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