Five9, Inc. (NASDAQ:FIVN) Stock Holdings Lifted by Sylebra Capital LLC

Sylebra Capital LLC increased its stake in Five9, Inc. (NASDAQ:FIVN) by 28.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,013,789 shares of the software maker’s stock after acquiring an additional 666,681 shares during the quarter. Five9 makes up about 4.9% of Sylebra Capital LLC’s portfolio, making the stock its 7th biggest holding. Sylebra Capital LLC owned 4.08% of Five9 worth $132,908,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its stake in shares of Five9 by 8.4% in the fourth quarter. Corient Private Wealth LLC now owns 6,796 shares of the software maker’s stock worth $535,000 after acquiring an additional 527 shares during the last quarter. US Bancorp DE lifted its stake in shares of Five9 by 1.4% in the fourth quarter. US Bancorp DE now owns 17,032 shares of the software maker’s stock worth $1,340,000 after buying an additional 228 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in Five9 by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 31,537 shares of the software maker’s stock worth $2,482,000 after acquiring an additional 310 shares during the last quarter. Bank of Nova Scotia purchased a new stake in Five9 during the 4th quarter valued at about $7,652,000. Finally, Alberta Investment Management Corp acquired a new stake in Five9 in the 4th quarter valued at about $2,254,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $28.75 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15. The company has a market cap of $2.12 billion, a price-to-earnings ratio of -33.83 and a beta of 0.86. The stock’s 50-day moving average is $34.13 and its two-hundred day moving average is $45.58. Five9, Inc. has a 1-year low of $26.60 and a 1-year high of $92.40.

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

Insider Buying and Selling

In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of Five9 stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the sale, the chief financial officer now directly owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Barry Zwarenstein sold 4,408 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the completion of the transaction, the chief financial officer now owns 101,732 shares in the company, valued at approximately $2,743,712.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Panos Kozanian sold 7,617 shares of Five9 stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total transaction of $228,662.34. Following the sale, the executive vice president now owns 76,628 shares in the company, valued at $2,300,372.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,337 shares of company stock worth $1,491,971. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

FIVN has been the subject of a number of analyst reports. Robert W. Baird lowered Five9 from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $90.00 to $40.00 in a research report on Friday, August 9th. BTIG Research dropped their target price on Five9 from $100.00 to $45.00 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 report on Friday, August 9th. Rosenblatt Securities reduced their target price on shares of Five9 from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $63.35.

Five9 Company 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.