Five9, Inc. (NASDAQ:FIVN) Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. reduced its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 3.6% in the 4th quarter, HoldingsChannel reports. The fund owned 1,874,279 shares of the software maker’s stock after selling 70,019 shares during the quarter. Five9 accounts for approximately 2.3% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 24th biggest holding. Van Berkom & Associates Inc.’s holdings in Five9 were worth $76,171,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FIVN. Signaturefd LLC boosted its holdings in Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Five9 in the 3rd quarter valued at $316,000. Horrell Capital Management Inc. purchased a new position in shares of Five9 in the 3rd quarter valued at $3,304,000. Janney Montgomery Scott LLC acquired a new stake in Five9 during the 3rd quarter worth $811,000. Finally, Harvey Capital Management Inc. acquired a new stake in Five9 during the 3rd quarter worth $1,717,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FIVN shares. DA Davidson raised their price objective on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and issued a $52.00 target price on shares of Five9 in a research report on Tuesday, January 21st. Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. Cantor Fitzgerald assumed coverage on Five9 in a research note on Friday, January 17th. They issued an “overweight” rating and a $46.00 price objective for the company. Finally, Morgan Stanley raised their target price on shares of Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and a consensus target price of $57.50.

Five9 Trading Down 0.3 %

NASDAQ FIVN opened at $41.69 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $3.14 billion, a P/E ratio of -83.38, a P/E/G ratio of 9.60 and a beta of 0.93. Five9, Inc. has a 52-week low of $26.60 and a 52-week high of $71.43. The firm has a 50-day moving average price of $40.57 and a 200 day moving average price of $35.89.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. Equities research analysts expect that Five9, Inc. will post 0.11 EPS for the current year.

Insider Buying and Selling at Five9

In other news, COO Andy Dignan sold 4,109 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total transaction of $171,961.65. Following the completion of the sale, the chief operating officer now directly owns 115,818 shares in the company, valued at approximately $4,846,983.30. This trade represents a 3.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total value of $320,683.71. Following the sale, the executive vice president now directly owns 69,009 shares in the company, valued at $2,904,588.81. This trade represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,004 shares of company stock valued at $1,209,279. 1.80% of the stock is owned by company 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.