Mirador Capital Partners LP Sells 1,094 Shares of Five9, Inc. (NASDAQ:FIVN)

Mirador Capital Partners LP lessened its position in Five9, Inc. (NASDAQ:FIVN) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,612 shares of the software maker’s stock after selling 1,094 shares during the quarter. Mirador Capital Partners LP’s holdings in Five9 were worth $535,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Five9 during the second quarter valued at about $57,000. Quent Capital LLC increased its position in Five9 by 8.7% during the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after buying an additional 352 shares in the last quarter. Cetera Advisors LLC purchased a new position in shares of Five9 in the 1st quarter worth about $226,000. ProShare Advisors LLC bought a new position in Five9 in the 1st quarter worth about $247,000. Finally, Edgestream Partners L.P. purchased a new position in Five9 in the 1st quarter worth approximately $264,000. Institutional investors own 96.64% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.27, for a total transaction of $381,250.65. Following the sale, the chief executive officer now owns 253,488 shares in the company, valued at $7,673,081.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Barry Zwarenstein sold 6,207 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $45.01, for a total transaction of $279,377.07. Following the transaction, the chief financial officer now directly owns 85,121 shares of the company’s stock, valued at approximately $3,831,296.21. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.27, for a total value of $381,250.65. Following the transaction, the chief executive officer now directly owns 253,488 shares of the company’s stock, valued at approximately $7,673,081.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,337 shares of company stock worth $1,491,971 over the last ninety days. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays dropped their price target on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Northland Securities decreased their price target on Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Robert W. Baird downgraded shares of Five9 from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $90.00 to $40.00 in a report on Friday, August 9th. Piper Sandler reissued an “overweight” rating and set a $47.00 price objective on shares of Five9 in a report on Wednesday, August 21st. Finally, Baird R W cut Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.35.

Five9 Trading Up 4.4 %

Shares of Five9 stock opened at $29.41 on Friday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39. The company’s 50-day simple moving average is $32.51 and its 200-day simple moving average is $44.46. Five9, Inc. has a 52-week low of $26.60 and a 52-week high of $92.40. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -34.60 and a beta of 0.85.

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