Five9, Inc. (NASDAQ:FIVN) Shares Acquired by Summit Creek Advisors LLC

Summit Creek Advisors LLC lifted its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 24.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 216,882 shares of the software maker’s stock after purchasing an additional 42,146 shares during the quarter. Summit Creek Advisors LLC’s holdings in Five9 were worth $8,814,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Five9 by 14.5% during 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 purchasing an additional 210,836 shares during the last quarter. Gagnon Securities LLC raised its holdings in shares of Five9 by 10.4% during the fourth quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker’s stock worth $14,878,000 after purchasing an additional 34,597 shares during the last quarter. Vestcor Inc raised its holdings in shares of Five9 by 42.9% during the third quarter. Vestcor Inc now owns 50,000 shares of the software maker’s stock worth $1,437,000 after purchasing an additional 15,000 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Five9 by 14.9% during the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after purchasing an additional 98,543 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Five9 by 215.8% during the third quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock worth $6,956,000 after purchasing an additional 165,487 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Stock Performance

FIVN opened at $30.14 on Monday. The firm has a market capitalization of $2.28 billion, a PE ratio of -150.69, a PEG ratio of 9.41 and a beta of 1.01. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $63.79. The firm’s 50-day moving average price is $37.28 and its 200 day moving average price is $35.79. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The business had revenue of $278.66 million for 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, sell-side analysts expect that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on FIVN. William Blair reissued an “outperform” rating on shares of Five9 in a report on Thursday, March 13th. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Five9 in a report on Tuesday, December 17th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Five9 in a report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Five9 in a report on Monday, March 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Five9 in a report on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.76.

Insider Buying and Selling

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the transaction, the executive vice president now directly owns 126,359 shares in the company, valued at $4,220,390.60. The trade was a 5.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Leena Mansharamani sold 1,135 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the transaction, the chief accounting officer now owns 47,165 shares in the company, valued at $1,424,383. The trade was a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,874 shares of company stock worth $985,446. 1.80% of the stock is owned by insiders.

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.