Bokf Na Has $2.45 Million Position in Five9, Inc. (NASDAQ:FIVN)

Bokf Na increased its stake in Five9, Inc. (NASDAQ:FIVN) by 1.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 39,846 shares of the software maker’s stock after purchasing an additional 657 shares during the quarter. Bokf Na owned approximately 0.05% of Five9 worth $2,445,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI increased its position in Five9 by 46.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after buying an additional 144 shares during the period. Global Wealth Management Investment Advisory Inc. increased its position in Five9 by 139.5% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after buying an additional 279 shares during the period. Headlands Technologies LLC increased its position in Five9 by 136.0% in the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after buying an additional 306 shares during the period. Intrust Bank NA bought a new stake in shares of Five9 during the fourth quarter valued at approximately $202,000. Finally, Inceptionr LLC bought a new stake in shares of Five9 during the fourth quarter valued at approximately $215,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Five9

In related news, CEO Michael Burkland sold 12,386 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $573,471.80. Following the completion of the sale, the chief executive officer now owns 266,083 shares in the company, valued at $12,319,642.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael Burkland sold 12,386 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $573,471.80. Following the completion of the sale, the chief executive officer now owns 266,083 shares in the company, valued at $12,319,642.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Daniel P. Burkland sold 7,698 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total value of $356,417.40. Following the completion of the sale, the executive now owns 127,635 shares of the company’s stock, valued at approximately $5,909,500.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,748 shares of company stock worth $2,303,914. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FIVN shares. UBS Group lowered their price objective on Five9 from $90.00 to $81.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Morgan Stanley lowered 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. Piper Sandler lowered their price objective on Five9 from $86.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Canaccord Genuity Group lowered their price target on Five9 from $90.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Finally, Wells Fargo & Company lowered their price target on Five9 from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, June 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.29.

Five9 Trading Up 4.5 %

Shares of FIVN traded up $2.03 during trading hours on Friday, hitting $46.76. 983,676 shares of the stock traded hands, compared to its average volume of 1,138,104. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41. Five9, Inc. has a 1-year low of $39.07 and a 1-year high of $92.40. The firm has a market capitalization of $3.45 billion, a PE ratio of -55.01 and a beta of 0.82. The business has a fifty day moving average of $44.35 and a 200-day moving average of $57.61.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $239.72 million. Analysts expect that Five9, Inc. will post -0.3 EPS for the current year.

Five9 Company Profile

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.