Gagnon Securities LLC Raises Holdings in Five9, Inc. (NASDAQ:FIVN)

Gagnon Securities LLC raised its holdings in Five9, Inc. (NASDAQ:FIVN) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 366,096 shares of the software maker’s stock after buying an additional 34,597 shares during the quarter. Five9 comprises 3.0% of Gagnon Securities LLC’s investment portfolio, making the stock its 9th largest position. Gagnon Securities LLC owned approximately 0.49% of Five9 worth $14,878,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC grew its position in shares of Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after buying an additional 984 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Five9 in the 2nd quarter worth approximately $57,000. Quest Partners LLC bought a new stake in shares of Five9 in the 3rd quarter worth approximately $95,000. FNY Investment Advisers LLC grew its position in shares of Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock worth $132,000 after buying an additional 2,485 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Five9 by 49.2% in the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock worth $137,000 after buying an additional 1,113 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors.

Five9 Stock Performance

FIVN stock opened at $40.99 on Friday. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $79.43. The business’s 50-day moving average is $40.71 and its two-hundred day moving average is $36.20. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, November 7th. The software maker reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $264.18 million during the quarter, compared to the consensus estimate of $254.82 million. During the same period in the prior year, the company posted ($0.21) EPS. On average, research analysts forecast that Five9, Inc. will post 0.11 EPS for the current fiscal year.

Insider Transactions at Five9

In other news, CEO Michael Burkland sold 12,594 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total value of $521,391.60. Following the transaction, the chief executive officer now owns 240,894 shares of the company’s stock, valued at $9,973,011.60. This trade represents a 4.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total value of $320,683.71. Following the completion of the transaction, the executive vice president now directly owns 69,009 shares in the company, valued at $2,904,588.81. This trade represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock valued at $1,209,279 over the last quarter. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on FIVN. Robert W. Baird upped their price target on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Rosenblatt Securities upped their price target on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $55.00 to $40.00 in a research note on Tuesday, November 12th. DA Davidson upped their price target on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 price target on shares of Five9 in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.50.

Five9 Company 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.