Five9, Inc. (NASDAQ:FIVN) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 21.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 202,987 shares of the software maker’s stock after purchasing an additional 36,317 shares during the period. Fisher Asset Management LLC’s holdings in Five9 were worth $15,973,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Arcadia Investment Management Corp MI lifted its stake in Five9 by 46.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after purchasing an additional 144 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in Five9 by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 31,227 shares of the software maker’s stock valued at $2,008,000 after purchasing an additional 160 shares during the last quarter. US Bancorp DE lifted its stake in Five9 by 1.4% during the fourth quarter. US Bancorp DE now owns 17,032 shares of the software maker’s stock valued at $1,340,000 after purchasing an additional 228 shares during the last quarter. Global Wealth Management Investment Advisory Inc. lifted its stake in Five9 by 139.5% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after purchasing an additional 279 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in Five9 by 136.0% during the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after purchasing an additional 306 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Five9

In other news, CEO Michael Burkland sold 12,386 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $573,471.80. Following the transaction, the chief executive officer now owns 266,083 shares in the company, valued at approximately $12,319,642.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Michael Burkland sold 12,386 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $573,471.80. Following the transaction, the chief executive officer now owns 266,083 shares in the company, valued at approximately $12,319,642.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Daniel P. Burkland sold 7,698 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $356,417.40. Following the transaction, the executive now owns 127,635 shares in the company, valued at approximately $5,909,500.50. The disclosure for this sale can be found here. Insiders have sold a total of 44,541 shares of company stock worth $2,024,537 in the last 90 days. 1.80% of the stock is owned by insiders.

Five9 Stock Down 2.5 %

Five9 stock opened at $40.09 on Wednesday. The firm’s 50 day moving average price is $52.18 and its two-hundred day moving average price is $64.57. Five9, Inc. has a twelve month low of $40.08 and a twelve month high of $92.40. The firm has a market cap of $2.96 billion, a PE ratio of -47.16 and a beta of 0.81. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, May 2nd. The software maker reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.13. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The company had revenue of $247.01 million for the quarter, compared to analyst estimates of $239.72 million. On average, research analysts predict that Five9, Inc. will post -0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on FIVN shares. UBS Group cut their target price on shares of Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Wells Fargo & Company reduced their price target on shares of Five9 from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, June 10th. Rosenblatt Securities restated a “buy” rating and issued a $80.00 price target on shares of Five9 in a research report on Friday, May 3rd. KeyCorp reduced their price target on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Five9 in a research report on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.71.

Five9 Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.