Handelsinvest Investeringsforvaltning Has $166,000 Position in Five9, Inc. (NASDAQ:FIVN)

Handelsinvest Investeringsforvaltning lessened its position in Five9, Inc. (NASDAQ:FIVN) by 34.2% in the first quarter, Holdings Channel.com reports. The firm owned 2,671 shares of the software maker’s stock after selling 1,386 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Five9 were worth $166,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FIVN. Envestnet Asset Management Inc. increased its stake in shares of Five9 by 47.9% in the third quarter. Envestnet Asset Management Inc. now owns 65,191 shares of the software maker’s stock valued at $4,192,000 after buying an additional 21,125 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of Five9 by 0.5% in 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 buying an additional 160 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Five9 by 97.2% in the third quarter. Qube Research & Technologies Ltd now owns 90,485 shares of the software maker’s stock valued at $5,818,000 after buying an additional 44,608 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Five9 by 208.6% in the third quarter. Tower Research Capital LLC TRC now owns 5,132 shares of the software maker’s stock valued at $330,000 after buying an additional 3,469 shares during the period. Finally, Teza Capital Management LLC acquired a new stake in shares of Five9 in the third quarter valued at about $252,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Stock Performance

Shares of NASDAQ:FIVN opened at $42.82 on Thursday. The company has a quick ratio of 7.02, a current ratio of 7.02 and a debt-to-equity ratio of 2.41. Five9, Inc. has a 12-month low of $39.07 and a 12-month high of $92.40. The business’s 50 day moving average is $48.46 and its 200 day moving average is $61.66.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.13. The company had revenue of $247.01 million for the quarter, compared to analysts’ expectations of $239.72 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. As a group, equities analysts predict that Five9, Inc. will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Andy Dignan sold 5,731 shares of Five9 stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $265,345.30. Following the sale, the chief operating officer now directly owns 124,172 shares in the company, valued at $5,749,163.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Five9 news, COO Andy Dignan sold 5,731 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $265,345.30. Following the sale, the chief operating officer now directly owns 124,172 shares in the company, valued at $5,749,163.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael Burkland sold 12,386 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total value of $573,471.80. Following the completion of the sale, the chief executive officer now owns 266,083 shares in the company, valued at $12,319,642.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,541 shares of company stock worth $2,024,537. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FIVN shares. Morgan Stanley decreased their price target on Five9 from $70.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, June 14th. Canaccord Genuity Group cut their target price on Five9 from $90.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Wells Fargo & Company cut their target price on Five9 from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, June 10th. UBS Group cut their target price on Five9 from $90.00 to $81.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $80.00 target price on shares of Five9 in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.71.

About Five9

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.