Knights of Columbus Asset Advisors LLC Increases Stake in Five9, Inc. (NASDAQ:FIVN)

Knights of Columbus Asset Advisors LLC grew its stake in Five9, Inc. (NASDAQ:FIVN) by 49.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 53,694 shares of the software maker’s stock after buying an additional 17,870 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.07% of Five9 worth $4,225,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. lifted its stake in Five9 by 84.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 837,856 shares of the software maker’s stock worth $65,931,000 after purchasing an additional 383,002 shares during the last quarter. Vanguard Group Inc. lifted its stake in Five9 by 3.2% during the third quarter. Vanguard Group Inc. now owns 7,236,249 shares of the software maker’s stock worth $465,291,000 after purchasing an additional 227,183 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Five9 by 966.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 348,536 shares of the software maker’s stock worth $22,411,000 after purchasing an additional 315,867 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Five9 by 11.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 819,615 shares of the software maker’s stock worth $52,701,000 after purchasing an additional 81,744 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Five9 by 7.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 382,237 shares of the software maker’s stock worth $30,078,000 after purchasing an additional 25,075 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Trading Down 0.6 %

Shares of FIVN stock opened at $57.09 on Friday. The business’s fifty day moving average price is $62.57 and its 200 day moving average price is $68.74. Five9, Inc. has a 1-year low of $51.01 and a 1-year high of $92.40. The company has a quick ratio of 5.53, a current ratio of 5.53 and a debt-to-equity ratio of 1.38.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. Five9 had a negative return on equity of 12.51% and a negative net margin of 8.98%. The firm had revenue of $239.06 million for the quarter, compared to analyst estimates of $237.64 million. On average, sell-side analysts anticipate that Five9, Inc. will post -0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays decreased their target price on Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. KeyCorp reduced their price objective on Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Five9 in a research note on Thursday, February 22nd. Piper Sandler boosted their price objective on Five9 from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, January 12th. Finally, Morgan Stanley reduced their price objective on Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Five9 currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.13.

Insider Buying and Selling

In other Five9 news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value of $420,435.20. Following the sale, the chief operating officer now owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.