Headlands Technologies LLC Purchases Shares of 20,684 Five9, Inc. (NASDAQ:FIVN)

Headlands Technologies LLC acquired a new position in Five9, Inc. (NASDAQ:FIVN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 20,684 shares of the software maker’s stock, valued at approximately $841,000.

Several other large investors have also made changes to their positions in FIVN. Intech Investment Management LLC bought a new position in Five9 in the 3rd quarter worth approximately $281,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Five9 by 13.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker’s stock worth $548,000 after acquiring an additional 2,254 shares during the period. Verition Fund Management LLC raised its stake in Five9 by 144.3% during the 3rd quarter. Verition Fund Management LLC now owns 49,511 shares of the software maker’s stock valued at $1,422,000 after purchasing an additional 29,248 shares during the last quarter. Atom Investors LP boosted its holdings in Five9 by 92.7% in the 3rd quarter. Atom Investors LP now owns 45,367 shares of the software maker’s stock valued at $1,303,000 after purchasing an additional 21,823 shares during the period. Finally, Centiva Capital LP grew its position in Five9 by 87.1% in the 3rd quarter. Centiva Capital LP now owns 56,263 shares of the software maker’s stock worth $1,616,000 after purchasing an additional 26,193 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Trading Up 1.4 %

Shares of FIVN opened at $27.46 on Thursday. The stock has a fifty day moving average price of $35.81 and a two-hundred day moving average price of $35.77. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -137.29, a PEG ratio of 9.41 and a beta of 1.29. Five9, Inc. has a 52-week low of $26.20 and a 52-week high of $63.30.

Five9 (NASDAQ:FIVN) last issued its quarterly 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 positive return on equity of 3.62% and a negative net margin of 1.23%. The company had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Analysts predict that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Insider Activity

In other news, CEO Michael Burkland sold 12,595 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the transaction, the chief executive officer now owns 404,056 shares of the company’s stock, valued at approximately $14,396,515.28. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 of the company’s stock, valued at approximately $4,220,390.60. This represents a 5.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,874 shares of company stock valued at $985,446 over the last three months. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FIVN. Rosenblatt Securities reiterated a “buy” rating and issued a $58.00 target price on shares of Five9 in a research note on Thursday, March 20th. Morgan Stanley raised their price objective on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. William Blair restated an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Truist Financial reaffirmed a “buy” rating and issued a $65.00 target price on shares of Five9 in a research report on Tuesday, December 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $52.00 price target on shares of Five9 in a report on Monday, March 17th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.76.

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.