Five9, Inc. (NASDAQ:FIVN) Shares Bought by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co raised its position in Five9, Inc. (NASDAQ:FIVN) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,125 shares of the software maker’s stock after acquiring an additional 1,125 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Five9 were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FIVN. Signaturefd LLC raised its holdings in shares of Five9 by 1,892.3% in the third 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. Quest Partners LLC purchased a new position in shares of Five9 in the third quarter worth $95,000. Venturi Wealth Management LLC raised its holdings in shares of Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after buying an additional 2,571 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Five9 by 324.8% in the fourth 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 raised its holdings in shares of Five9 by 49.2% in the fourth 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 and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. William Blair reaffirmed an “outperform” rating on shares of Five9 in a report on Friday. Needham & Company LLC reissued a “buy” rating and set a $52.00 target price on shares of Five9 in a report on Friday. Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $55.00 to $40.00 in a report on Tuesday, November 12th. Finally, Piper Sandler raised their target price on shares of Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.65.

Insider Activity

In related news, CEO Michael Burkland sold 12,594 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total transaction of $521,391.60. Following the transaction, the chief executive officer now directly owns 240,894 shares in the company, valued at approximately $9,973,011.60. The trade was a 4.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Andy Dignan sold 4,109 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $171,961.65. Following the transaction, the chief operating officer now owns 115,818 shares in the company, valued at $4,846,983.30. The trade was a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock worth $1,209,279 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

Five9 Stock Up 1.0 %

Shares of NASDAQ FIVN opened at $42.09 on Friday. The company’s 50-day simple moving average is $40.57 and its 200-day simple moving average is $35.88. Five9, Inc. has a 52-week low of $26.60 and a 52-week high of $65.71. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of -210.44, a price-to-earnings-growth ratio of 9.41 and a beta of 0.93. 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 announced its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Equities analysts predict that Five9, Inc. will post 0.28 EPS for the current fiscal year.

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.