Five9, Inc. (NASDAQ:FIVN) Shares Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC boosted its position in shares of Five9, Inc. (NASDAQ:FIVN) by 40.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,005 shares of the software maker’s stock after acquiring an additional 3,173 shares during the period. Ameritas Advisory Services LLC’s holdings in Five9 were worth $447,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sylebra Capital LLC boosted its position in shares of Five9 by 28.4% in the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after purchasing an additional 666,681 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of Five9 by 347.4% in the second quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock valued at $33,213,000 after acquiring an additional 584,800 shares during the period. Potrero Capital Research LLC purchased a new position in shares of Five9 during the third quarter worth approximately $15,610,000. Loomis Sayles & Co. L P acquired a new position in shares of Five9 in the 3rd quarter valued at $11,211,000. Finally, Scalar Gauge Management LLC raised its position in Five9 by 191.7% in the 3rd quarter. Scalar Gauge Management LLC now owns 462,291 shares of the software maker’s stock valued at $13,282,000 after purchasing an additional 303,791 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FIVN shares. Piper Sandler increased their price objective on Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Robert W. Baird lifted their price objective on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. DA Davidson boosted their price objective on shares of Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Wells Fargo & Company downgraded shares of Five9 from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $55.00 to $40.00 in a report on Tuesday, November 12th. Finally, Truist Financial reiterated a “buy” rating and set a $65.00 price target on shares of Five9 in a research note on Tuesday, December 17th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $57.50.

Five9 Trading Down 1.5 %

Shares of NASDAQ FIVN opened at $39.13 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $80.39. The company has a market cap of $2.94 billion, a price-to-earnings ratio of -78.26, a P/E/G ratio of 8.93 and a beta of 0.92. The business has a fifty day simple moving average of $40.43 and a 200-day simple moving average of $36.25.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, November 7th. The software maker reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.43). Five9 had a negative net margin of 3.66% and a negative return on equity of 1.53%. The business had revenue of $264.18 million for the quarter, compared to analyst estimates of $254.82 million. During the same period in the previous year, the firm posted ($0.21) earnings per share. Sell-side analysts predict that Five9, Inc. will post 0.11 EPS for the current year.

Insider Buying and Selling

In other Five9 news, COO Andy Dignan sold 4,109 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $171,961.65. Following the completion of the transaction, the chief operating officer now directly owns 115,818 shares in the company, valued at $4,846,983.30. This represents a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Leena Mansharamani sold 1,346 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the transaction, the chief accounting officer now owns 35,526 shares in the company, valued at approximately $1,468,289.58. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,004 shares of company stock worth $1,209,279. Corporate insiders own 1.80% of the company’s stock.

Five9 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.