Conquis Financial LLC Invests $122,000 in Five9, Inc. (NASDAQ:FIVN)

Conquis Financial LLC purchased a new stake in shares of Five9, Inc. (NASDAQ:FIVN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,000 shares of the software maker’s stock, valued at approximately $122,000. Five9 makes up approximately 0.1% of Conquis Financial LLC’s portfolio, making the stock its 25th largest holding.

Several other large investors have also recently added to or reduced their stakes in FIVN. Norges Bank bought a new stake in Five9 during the fourth quarter valued at $81,280,000. Wellington Management Group LLP boosted its holdings in shares of Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after buying an additional 601,348 shares during the period. Royce & Associates LP grew its position in shares of Five9 by 1,219.0% during the 4th quarter. Royce & Associates LP now owns 329,760 shares of the software maker’s stock valued at $13,401,000 after buying an additional 304,760 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Five9 during the fourth quarter worth about $11,671,000. Finally, Alberta Investment Management Corp bought a new position in Five9 in the fourth quarter worth about $8,707,000. 96.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FIVN shares. Piper Sandler increased their price target on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley raised their target price on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Cantor Fitzgerald upped their price target on shares of Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. William Blair reiterated an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Finally, Truist Financial reissued a “buy” rating and set a $65.00 target price on shares of Five9 in a research note on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $56.76.

Five9 Trading Down 8.1 %

Shares of Five9 stock opened at $25.24 on Friday. The business has a fifty day simple moving average of $35.54 and a 200-day simple moving average of $35.70. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of -126.19, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29. Five9, Inc. has a fifty-two week low of $24.70 and a fifty-two week high of $63.30. 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 (NASDAQ:FIVN) last issued 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). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. On average, equities analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the sale, the chief executive officer now directly owns 404,056 shares of the company’s stock, valued at $14,396,515.28. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,165 shares in the company, valued at $1,424,383. This represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,574 shares of company stock worth $1,004,346. 1.80% of the stock is owned by insiders.

About Five9

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.