SG Americas Securities LLC Sells 38,699 Shares of Five9, Inc. (NASDAQ:FIVN)

SG Americas Securities LLC decreased its position in shares of Five9, Inc. (NASDAQ:FIVN) by 77.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,032 shares of the software maker’s stock after selling 38,699 shares during the quarter. SG Americas Securities LLC’s holdings in Five9 were worth $448,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FIVN. Signaturefd LLC lifted its holdings in Five9 by 1,892.3% during 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 during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Five9 in the second quarter valued at approximately $57,000. FNY Investment Advisers LLC lifted its stake in shares of Five9 by 324.8% during the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock valued at $132,000 after buying an additional 2,485 shares in the last quarter. Quest Partners LLC bought a new position in Five9 in the 3rd quarter worth approximately $95,000. Finally, nVerses Capital LLC purchased a new position in Five9 in the 3rd quarter valued at approximately $141,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Insider Activity at Five9

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of Five9 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 transaction, the executive vice president now directly owns 69,009 shares of the company’s stock, valued at $2,904,588.81. The trade was a 9.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Burkland sold 12,594 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total value of $521,391.60. Following the completion of the sale, the chief executive officer now owns 240,894 shares of the company’s stock, valued at $9,973,011.60. The trade was a 4.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,004 shares of company stock valued at $1,209,279. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FIVN shares. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Robert W. Baird raised their target price on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Rosenblatt Securities increased their price target on shares of Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 price objective on shares of Five9 in a research note on Tuesday, January 21st. Finally, Piper Sandler increased their target price on shares of Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Five9 presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.50.

Five9 Price Performance

FIVN opened at $40.99 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $3.08 billion, a P/E ratio of -81.98, a PEG ratio of 9.25 and a beta of 0.92. The stock has a 50-day moving average price of $40.71 and a 200-day moving average price of $36.05. Five9, Inc. has a 12-month low of $26.60 and a 12-month high of $79.43.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, November 7th. The software maker reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.43). The firm had revenue of $264.18 million during the quarter, compared to analysts’ expectations of $254.82 million. Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. During the same period in the prior year, the company earned ($0.21) EPS. Equities analysts predict that Five9, Inc. will post 0.11 earnings per share for the current fiscal year.

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.