Five9, Inc. $FIVN Position Trimmed by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lessened its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,100 shares of the software maker’s stock after selling 1,300 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Five9 were worth $373,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FIVN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Five9 by 292.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock valued at $72,745,000 after acquiring an additional 1,996,628 shares in the last quarter. Voss Capital LP acquired a new stake in shares of Five9 during the 1st quarter valued at about $28,340,000. Segall Bryant & Hamill LLC lifted its holdings in shares of Five9 by 254.2% during the 1st quarter. Segall Bryant & Hamill LLC now owns 763,310 shares of the software maker’s stock valued at $20,724,000 after buying an additional 547,794 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Five9 by 14.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker’s stock valued at $74,649,000 after buying an additional 353,939 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Five9 during the 1st quarter valued at about $9,008,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Stock Performance

Shares of NASDAQ FIVN opened at $21.56 on Monday. The business has a fifty day simple moving average of $25.03 and a 200 day simple moving average of $25.82. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 239.58, a PEG ratio of 2.03 and a beta of 1.19. Five9, Inc. has a one year low of $20.48 and a one year high of $49.90.

Five9 (NASDAQ:FIVN) last issued its earnings results on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. Five9 had a return on equity of 8.91% and a net margin of 0.80%.The business had revenue of $283.27 million during the quarter. Sell-side analysts expect that Five9, Inc. will post 0.28 EPS for the current year.

Analyst Upgrades and Downgrades

FIVN has been the subject of several research reports. Wells Fargo & Company initiated coverage on Five9 in a report on Tuesday, September 30th. They set an “equal weight” rating and a $28.00 price target for the company. Wall Street Zen upgraded Five9 from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Five9 in a report on Wednesday, October 8th. DA Davidson restated a “neutral” rating and issued a $28.00 target price on shares of Five9 in a report on Friday, September 12th. Finally, Piper Sandler reduced their target price on Five9 from $36.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Five9 currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.88.

Insider Transactions at Five9

In other Five9 news, CAO Leena Mansharamani sold 2,969 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $25.85, for a total value of $76,748.65. Following the sale, the chief accounting officer directly owned 41,522 shares in the company, valued at $1,073,343.70. This represents a 6.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Bryan M. Lee sold 1,889 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $25.72, for a total value of $48,585.08. Following the completion of the sale, the chief financial officer owned 237,488 shares in the company, valued at $6,108,191.36. This trade represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,781 shares of company stock valued at $1,563,724. 1.60% of the stock is owned by insiders.

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.