Five9, Inc. (NASDAQ:FIVN) Position Lowered by Fox Run Management L.L.C.

Fox Run Management L.L.C. lowered its holdings in Five9, Inc. (NASDAQ:FIVN) by 13.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 28,710 shares of the software maker’s stock after selling 4,443 shares during the period. Fox Run Management L.L.C.’s holdings in Five9 were worth $1,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings in Five9 by 14.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock worth $47,919,000 after acquiring an additional 210,836 shares during the last quarter. Gagnon Securities LLC lifted its holdings in Five9 by 10.4% in the fourth quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker’s stock worth $14,878,000 after acquiring an additional 34,597 shares during the last quarter. Vestcor Inc lifted its holdings in Five9 by 42.9% in the third quarter. Vestcor Inc now owns 50,000 shares of the software maker’s stock worth $1,437,000 after acquiring an additional 15,000 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Five9 by 14.9% in the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after acquiring an additional 98,543 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Five9 by 215.8% in the third quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock worth $6,956,000 after acquiring an additional 165,487 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Insiders Place Their Bets

In other Five9 news, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the transaction, the chief accounting officer now owns 47,165 shares in the company, valued at approximately $1,424,383. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the transaction, the chief executive officer now owns 404,056 shares in the company, valued at approximately $14,396,515.28. This trade represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,874 shares of company stock worth $985,446. 1.80% of the stock is owned by insiders.

Five9 Price Performance

NASDAQ FIVN opened at $30.14 on Friday. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $63.79. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $2.28 billion, a PE ratio of -150.69, a P/E/G ratio of 9.41 and a beta of 1.01. The company’s 50 day simple moving average is $37.28 and its 200 day simple moving average is $35.74.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). The business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. As a group, equities research analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FIVN has been the topic of a number of recent research reports. Cantor Fitzgerald raised their target price on shares of Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 price target on shares of Five9 in a report on Thursday. Piper Sandler lifted their price target on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Truist Financial reaffirmed a “buy” rating and set a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Finally, Barclays lifted their price target on Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.76.

Five9 Company 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.