EAM Investors LLC Sells 48,264 Shares of Five9 Inc (FIVN)

EAM Investors LLC decreased its holdings in Five9 Inc (NASDAQ:FIVN) by 43.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,023 shares of the software maker’s stock after selling 48,264 shares during the quarter. EAM Investors LLC owned 0.11% of Five9 worth $2,797,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mount Yale Investment Advisors LLC bought a new position in Five9 in the 2nd quarter valued at about $110,000. Great West Life Assurance Co. Can lifted its position in Five9 by 81.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 5,407 shares of the software maker’s stock valued at $187,000 after acquiring an additional 2,419 shares in the last quarter. Atria Investments LLC bought a new position in Five9 in the 2nd quarter valued at about $214,000. Oppenheimer Asset Management Inc. bought a new position in Five9 in the 2nd quarter valued at about $214,000. Finally, Mirador Capital Partners LP bought a new position in Five9 in the 2nd quarter valued at about $234,000. 97.67% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:FIVN opened at $38.42 on Tuesday. The company has a quick ratio of 6.95, a current ratio of 6.95 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 2,148.50, a PEG ratio of 110.89 and a beta of 0.59. Five9 Inc has a 52 week low of $22.51 and a 52 week high of $49.50.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Tuesday, November 6th. The software maker reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. The firm had revenue of $65.30 million during the quarter, compared to analyst estimates of $61.70 million. Five9 had a negative net margin of 1.90% and a positive return on equity of 0.88%. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter last year, the business posted $0.04 EPS. Equities analysts forecast that Five9 Inc will post 0.04 earnings per share for the current year.

In other news, EVP Scott Welch sold 15,912 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $47.25, for a total transaction of $751,842.00. Following the completion of the sale, the executive vice president now owns 84,033 shares in the company, valued at approximately $3,970,559.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Barry Zwarenstein sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $36.39, for a total transaction of $363,900.00. Following the sale, the chief financial officer now owns 105,349 shares of the company’s stock, valued at approximately $3,833,650.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,297 shares of company stock valued at $4,234,095. Company insiders own 5.10% of the company’s stock.

Several equities analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Five9 from $36.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, August 7th. BidaskClub raised shares of Five9 from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Canaccord Genuity reaffirmed a “buy” rating and issued a $42.00 price target (up previously from $34.00) on shares of Five9 in a research report on Tuesday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target (up previously from $45.00) on shares of Five9 in a research report on Thursday, August 23rd. Finally, Zacks Investment Research raised shares of Five9 from a “hold” rating to a “strong-buy” rating and set a $49.00 price target on the stock in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Five9 has a consensus rating of “Hold” and a consensus target price of $40.92.

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Five9 Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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