Sarasin & Partners LLP reduced its stake in Five9, Inc. (NASDAQ:FIVN) by 65.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,436 shares of the software maker’s stock after selling 23,895 shares during the quarter. Sarasin & Partners LLP’s holdings in Five9 were worth $1,613,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. OneAscent Financial Services LLC increased its stake in Five9 by 2.7% in the 3rd quarter. OneAscent Financial Services LLC now owns 3,021 shares of the software maker’s stock worth $392,000 after buying an additional 78 shares in the last quarter. Juncture Wealth Strategies LLC increased its stake in Five9 by 1.0% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 7,711 shares of the software maker’s stock worth $1,000,000 after buying an additional 79 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in Five9 by 23.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 473 shares of the software maker’s stock worth $61,000 after buying an additional 90 shares in the last quarter. Strs Ohio increased its stake in Five9 by 1.0% in the 2nd quarter. Strs Ohio now owns 10,002 shares of the software maker’s stock worth $1,106,000 after buying an additional 102 shares in the last quarter. Finally, Mirador Capital Partners LP increased its stake in Five9 by 1.2% in the 2nd quarter. Mirador Capital Partners LP now owns 10,043 shares of the software maker’s stock worth $1,111,000 after buying an additional 122 shares in the last quarter. 99.06% of the stock is currently owned by institutional investors.
NASDAQ FIVN traded down $0.19 during trading on Tuesday, hitting $140.39. The stock had a trading volume of 1,427 shares, compared to its average volume of 962,192. The company has a debt-to-equity ratio of 2.46, a quick ratio of 9.32 and a current ratio of 9.32. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of -265.24 and a beta of 0.50. Five9, Inc. has a one year low of $52.51 and a one year high of $167.17. The stock has a 50 day simple moving average of $143.05 and a 200 day simple moving average of $119.99.
Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Thursday, October 29th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.09. The business had revenue of $112.10 million during the quarter, compared to the consensus estimate of $101.10 million. Five9 had a negative net margin of 8.54% and a positive return on equity of 0.40%. The firm’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. On average, sell-side analysts predict that Five9, Inc. will post -0.09 EPS for the current year.
In other news, Director Kimberly Alexy sold 4,517 shares of Five9 stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $125.22, for a total transaction of $565,618.74. Following the completion of the sale, the director now owns 1,784 shares of the company’s stock, valued at $223,392.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Barry Zwarenstein sold 715 shares of Five9 stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $157.66, for a total transaction of $112,726.90. Following the sale, the chief financial officer now directly owns 105,018 shares of the company’s stock, valued at approximately $16,557,137.88. The disclosure for this sale can be found here. In the last three months, insiders sold 102,056 shares of company stock valued at $12,232,905. 3.00% of the stock is owned by insiders.
A number of brokerages have issued reports on FIVN. Rosenblatt Securities increased their price target on Five9 from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Zacks Investment Research lowered Five9 from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Needham & Company LLC raised their price objective on Five9 from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Evercore ISI assumed coverage on Five9 in a research report on Thursday, August 20th. They set an “in-line” rating and a $122.00 price objective for the company. Finally, Barclays raised their price objective on Five9 from $121.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, October 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Five9 presently has a consensus rating of “Buy” and a consensus target price of $128.46.
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 digital engagement channels 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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