Swiss National Bank Increases Stock Holdings in Five9, Inc. (NASDAQ:FIVN)

Swiss National Bank boosted its stake in Five9, Inc. (NASDAQ:FIVN) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,000 shares of the software maker’s stock after acquiring an additional 2,700 shares during the period. Swiss National Bank owned 0.20% of Five9 worth $5,974,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Lindbrook Capital LLC raised its position in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after acquiring an additional 520 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after purchasing an additional 1,315 shares in the last quarter. Quest Partners LLC purchased a new position in Five9 during the third quarter valued at $95,000. Venturi Wealth Management LLC boosted its holdings in shares of Five9 by 3,955.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after buying an additional 2,571 shares in the last quarter. Finally, FNY Investment Advisers LLC grew its position in shares of Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock worth $132,000 after buying an additional 2,485 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Stock Performance

FIVN stock opened at $30.14 on Monday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $63.79. The company has a market cap of $2.28 billion, a P/E ratio of -150.69, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. The stock’s fifty day moving average price is $37.28 and its 200-day moving average price is $35.79.

Five9 (NASDAQ:FIVN) last announced its 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 firm had revenue of $278.66 million during the quarter, compared to analysts’ expectations of $267.70 million. On average, equities analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Activity at Five9

In other Five9 news, CEO Michael Burkland sold 12,595 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the sale, the chief executive officer now owns 404,056 shares of the company’s stock, valued at approximately $14,396,515.28. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the transaction, the executive vice president now directly owns 126,359 shares in the company, valued at approximately $4,220,390.60. The trade was a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,874 shares of company stock worth $985,446. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FIVN has been the topic of several research reports. Cantor Fitzgerald boosted their price objective on shares of Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Barclays upped their price target on Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Truist Financial reiterated a “buy” rating and set a $65.00 price objective on shares of Five9 in a research note on Tuesday, December 17th. William Blair restated an “outperform” rating on shares of Five9 in a report on Thursday, March 13th. Finally, Morgan Stanley upped their price target on shares of Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.76.

About Five9

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.