Scalar Gauge Management LLC Takes Position in Five9, Inc. (NASDAQ:FIVN)

Scalar Gauge Management LLC acquired a new position in shares of Five9, Inc. (NASDAQ:FIVN) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 158,500 shares of the software maker’s stock, valued at approximately $6,990,000. Five9 accounts for approximately 4.1% of Scalar Gauge Management LLC’s portfolio, making the stock its 8th largest position. Scalar Gauge Management LLC owned approximately 0.21% of Five9 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE boosted its stake in shares of Five9 by 1.4% during the 4th quarter. US Bancorp DE now owns 17,032 shares of the software maker’s stock worth $1,340,000 after acquiring an additional 228 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Five9 by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 31,537 shares of the software maker’s stock valued at $2,482,000 after purchasing an additional 310 shares in the last quarter. Quent Capital LLC grew its position in shares of Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after purchasing an additional 352 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Five9 by 8.4% during the 4th quarter. Corient Private Wealth LLC now owns 6,796 shares of the software maker’s stock worth $535,000 after purchasing an additional 527 shares during the last quarter. Finally, RMB Capital Management LLC grew its holdings in Five9 by 1.0% during the 4th quarter. RMB Capital Management LLC now owns 64,763 shares of the software maker’s stock valued at $5,096,000 after buying an additional 611 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Morgan Stanley reduced their price objective on Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, June 14th. Baird R W lowered Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Roth Mkm decreased their price target on Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Robert W. Baird lowered shares of Five9 from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $40.00 in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $63.35.

Insider Transactions at Five9

In related news, EVP Panos Kozanian sold 7,617 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value of $228,662.34. Following the sale, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at $2,300,372.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total transaction of $381,250.65. Following the sale, the chief executive officer now directly owns 253,488 shares of the company’s stock, valued at approximately $7,673,081.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Panos Kozanian sold 7,617 shares of Five9 stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total transaction of $228,662.34. Following the completion of the transaction, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at approximately $2,300,372.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,337 shares of company stock valued at $1,491,971. 1.80% of the stock is currently owned by corporate insiders.

Five9 Stock Down 0.6 %

Shares of NASDAQ:FIVN opened at $27.59 on Tuesday. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of -32.46 and a beta of 0.86. The company has a 50 day moving average of $35.49 and a two-hundred day moving average of $46.38. Five9, Inc. has a 52-week low of $26.60 and a 52-week high of $92.40. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.14. The firm had revenue of $252.09 million for the quarter, compared to analyst estimates of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. As a group, analysts forecast that Five9, Inc. will post -0.09 earnings per share for the current fiscal year.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.