Five9, Inc. (NASDAQ:FIVN) Stock Holdings Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in Five9, Inc. (NASDAQ:FIVN) by 12.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,007 shares of the software maker’s stock after purchasing an additional 46,770 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Five9 were worth $26,807,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIVN. Conestoga Capital Advisors LLC boosted its stake in shares of Five9 by 5.3% during the 1st quarter. Conestoga Capital Advisors LLC now owns 144,848 shares of the software maker’s stock worth $8,997,000 after acquiring an additional 7,235 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of Five9 by 11.5% during the 1st quarter. WCM Investment Management LLC now owns 329,602 shares of the software maker’s stock worth $20,472,000 after acquiring an additional 34,036 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Five9 by 10.1% during the 1st quarter. Raymond James & Associates now owns 86,867 shares of the software maker’s stock worth $5,395,000 after acquiring an additional 7,958 shares in the last quarter. Wasatch Advisors LP boosted its stake in shares of Five9 by 1.9% during the 1st quarter. Wasatch Advisors LP now owns 3,459,581 shares of the software maker’s stock worth $214,875,000 after acquiring an additional 63,200 shares in the last quarter. Finally, Mirador Capital Partners LP boosted its stake in shares of Five9 by 6.2% during the 1st quarter. Mirador Capital Partners LP now owns 17,564 shares of the software maker’s stock worth $1,091,000 after acquiring an additional 1,031 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and set a $80.00 price target on shares of Five9 in a research note on Friday, May 3rd. Morgan Stanley decreased their price target on Five9 from $70.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, June 14th. Royal Bank of Canada began coverage on Five9 in a research report on Friday, March 15th. They set an “outperform” rating and a $80.00 price objective for the company. UBS Group cut their price objective on Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Finally, Canaccord Genuity Group cut their price objective on Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and an average target price of $82.71.

Five9 Trading Up 0.1 %

Five9 stock traded up $0.06 during trading hours on Friday, hitting $42.88. The stock had a trading volume of 1,072,583 shares, compared to its average volume of 1,186,993. Five9, Inc. has a fifty-two week low of $39.07 and a fifty-two week high of $92.40. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41. The company has a 50-day moving average of $47.80 and a two-hundred day moving average of $61.28.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.13. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. The business had revenue of $247.01 million during the quarter, compared to analysts’ expectations of $239.72 million. Research analysts predict that Five9, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Transactions at Five9

In other news, CFO Barry Zwarenstein sold 10,291 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $42.64, for a total value of $438,808.24. Following the completion of the transaction, the chief financial officer now directly owns 107,255 shares of the company’s stock, valued at approximately $4,573,353.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Panos Kozanian sold 6,893 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $319,145.90. Following the sale, the executive vice president now directly owns 94,477 shares in the company, valued at approximately $4,374,285.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Barry Zwarenstein sold 10,291 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $42.64, for a total value of $438,808.24. Following the sale, the chief financial officer now owns 107,255 shares in the company, valued at $4,573,353.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,541 shares of company stock valued at $2,024,537. Corporate insiders own 1.80% of the company’s stock.

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.