272 Capital LP Purchases Shares of 288,491 Five9, Inc. (NASDAQ:FIVN)

272 Capital LP acquired a new position in Five9, Inc. (NASDAQ:FIVN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 288,491 shares of the software maker’s stock, valued at approximately $12,722,000. Five9 comprises 6.4% of 272 Capital LP’s investment portfolio, making the stock its 2nd biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIVN. Vanguard Group Inc. lifted its position in Five9 by 2.1% during the first quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock valued at $461,948,000 after purchasing an additional 150,786 shares during the period. Wasatch Advisors LP raised its stake in shares of Five9 by 1.9% during the 1st quarter. Wasatch Advisors LP now owns 3,459,581 shares of the software maker’s stock valued at $214,875,000 after buying an additional 63,200 shares during the last quarter. Sylebra Capital LLC lifted its holdings in shares of Five9 by 1.5% in the 1st quarter. Sylebra Capital LLC now owns 2,347,108 shares of the software maker’s stock valued at $145,779,000 after buying an additional 34,681 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Five9 by 38.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock valued at $64,257,000 after buying an additional 406,188 shares during the period. Finally, Van Berkom & Associates Inc. boosted its stake in shares of Five9 by 52.3% in the second quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after buying an additional 446,151 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analyst Ratings Changes

FIVN has been the subject of several recent research reports. BTIG Research reduced their price target on Five9 from $100.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Needham & Company LLC reissued a “buy” rating and set a $48.00 price target on shares of Five9 in a report on Wednesday, August 21st. Roth Mkm cut their price objective on shares of Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a report on Friday, August 9th. Baird R W lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Robert W. Baird cut Five9 from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $90.00 to $40.00 in a research report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.35.

Five9 Stock Down 0.6 %

NASDAQ FIVN opened at $27.59 on Tuesday. The business has a fifty day moving average price of $35.49 and a 200 day moving average price of $46.38. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market cap of $2.04 billion, a P/E ratio of -32.46 and a beta of 0.86. Five9, Inc. has a one year low of $26.60 and a one year high of $92.40.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. The business had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. Research analysts anticipate that Five9, Inc. will post -0.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Barry Zwarenstein sold 6,207 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $45.01, for a total value of $279,377.07. Following the completion of the sale, the chief financial officer now directly owns 85,121 shares in the company, valued at $3,831,296.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Panos Kozanian sold 7,617 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the completion of the sale, the executive vice president now directly owns 76,628 shares in the company, valued at $2,300,372.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Barry Zwarenstein sold 6,207 shares of Five9 stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $45.01, for a total transaction of $279,377.07. Following the transaction, the chief financial officer now directly owns 85,121 shares in the company, valued at $3,831,296.21. The disclosure for this sale can be found here. Insiders have sold 45,337 shares of company stock valued at $1,491,971 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

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.