Dana Investment Advisors Inc. Invests $3.23 Million in Five9, Inc. (NASDAQ:FIVN)

Dana Investment Advisors Inc. purchased a new position in Five9, Inc. (NASDAQ:FIVN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 79,466 shares of the software maker’s stock, valued at approximately $3,229,000. Dana Investment Advisors Inc. owned approximately 0.11% of Five9 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FIVN. Potrero Capital Research LLC purchased a new stake in shares of Five9 in the third quarter worth approximately $15,610,000. Loomis Sayles & Co. L P purchased a new stake in shares of Five9 in the third quarter worth approximately $11,211,000. Scalar Gauge Management LLC lifted its position in shares of Five9 by 191.7% in the third quarter. Scalar Gauge Management LLC now owns 462,291 shares of the software maker’s stock worth $13,282,000 after purchasing an additional 303,791 shares in the last quarter. FMR LLC lifted its position in shares of Five9 by 2.4% in the third quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock worth $320,620,000 after purchasing an additional 259,820 shares in the last quarter. Finally, Alberta Investment Management Corp purchased a new stake in shares of Five9 in the fourth quarter worth approximately $8,707,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total transaction of $254,474.60. Following the sale, the executive vice president now owns 126,359 shares in the company, valued at $4,220,390.60. The trade was a 5.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Andy Dignan sold 2,840 shares of Five9 stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $94,373.20. Following the sale, the chief operating officer now owns 194,201 shares in the company, valued at $6,453,299.23. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,039 shares of company stock worth $930,029 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Five9 Trading Down 1.2 %

Shares of Five9 stock opened at $32.48 on Friday. The company’s fifty day simple moving average is $39.31 and its 200-day simple moving average is $35.95. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -162.39, a PEG ratio of 9.41 and a beta of 0.93. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $63.79.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data 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). The company had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. As a group, sell-side analysts expect that Five9, Inc. will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

FIVN has been the topic of several recent research reports. Cantor Fitzgerald raised their price objective on shares of Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Rosenblatt Securities raised their price objective on shares of Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Barclays raised their price objective on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Robert W. Baird raised their price objective on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Finally, DA Davidson raised their price objective on shares of Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.65.

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.