State Board of Administration of Florida Retirement System Maintains Stake in Five9, Inc. (FIVN)

State Board of Administration of Florida Retirement System maintained its position in Five9, Inc. (NASDAQ:FIVN) during the first quarter, Holdings Channel reports. The fund owned 11,572 shares of the software maker’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System’s holdings in Five9 were worth $190,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its position in Five9 by 0.7% in the fourth quarter. State Street Corp now owns 565,302 shares of the software maker’s stock valued at $8,020,000 after buying an additional 4,208 shares in the last quarter. Martingale Asset Management L P purchased a new position in Five9 during the fourth quarter valued at approximately $202,000. FMR LLC purchased a new position in Five9 during the fourth quarter valued at approximately $7,095,000. Metropolitan Life Insurance Co. NY increased its position in Five9 by 6.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 24,172 shares of the software maker’s stock valued at $343,000 after buying an additional 1,488 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Five9 by 4.0% in the fourth quarter. AQR Capital Management LLC now owns 133,283 shares of the software maker’s stock valued at $1,891,000 after buying an additional 5,185 shares in the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.

Five9, Inc. (NASDAQ FIVN) opened at 21.65 on Monday. Five9, Inc. has a 1-year low of $11.86 and a 1-year high of $24.80. The firm’s market capitalization is $1.18 billion. The company has a 50-day moving average price of $22.33 and a 200 day moving average price of $17.98.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, May 3rd. The software maker reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.04. Five9 had a negative return on equity of 42.68% and a negative net margin of 7.13%. The company had revenue of $47.01 million during the quarter, compared to analysts’ expectations of $44.67 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. Analysts expect that Five9, Inc. will post ($0.02) earnings per share for the current fiscal year.

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FIVN has been the subject of several recent research reports. Pacific Crest raised Five9 from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research note on Friday, March 17th. Needham & Company LLC reissued a “buy” rating and issued a $21.00 price objective on shares of Five9 in a research note on Sunday, April 2nd. Morgan Stanley initiated coverage on Five9 in a research note on Tuesday, April 11th. They issued an “equal weight” rating and a $18.00 price objective for the company. Canaccord Genuity reissued a “buy” rating and issued a $20.00 price objective on shares of Five9 in a research note on Monday, May 1st. Finally, Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Monday, May 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $19.00.

In other news, EVP Gaurav Passi sold 75,046 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $21.44, for a total value of $1,608,986.24. Following the completion of the transaction, the executive vice president now directly owns 132,980 shares of the company’s stock, valued at $2,851,091.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel P. Burkland sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $22.60, for a total value of $226,000.00. Following the completion of the transaction, the executive vice president now directly owns 173,498 shares of the company’s stock, valued at $3,921,054.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 238,485 shares of company stock valued at $5,024,028. Insiders own 9.10% of the company’s stock.

About Five9

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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