Alpha DNA Investment Management LLC Takes $441,000 Position in Five9, Inc. (NASDAQ:FIVN)

Alpha DNA Investment Management LLC acquired a new position in shares of Five9, Inc. (NASDAQ:FIVNFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,844 shares of the software maker’s stock, valued at approximately $441,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its stake in shares of Five9 by 215.8% during the 3rd quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock worth $6,956,000 after purchasing an additional 165,487 shares during the period. Sanctuary Advisors LLC purchased a new stake in Five9 during the third quarter worth about $145,000. Wilmington Savings Fund Society FSB acquired a new position in Five9 during the third quarter worth about $4,154,000. Synovus Financial Corp increased its holdings in Five9 by 34.2% in the third quarter. Synovus Financial Corp now owns 13,272 shares of the software maker’s stock valued at $381,000 after buying an additional 3,385 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Five9 during the 3rd quarter valued at approximately $4,597,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Stock Down 1.3 %

FIVN opened at $22.32 on Friday. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $60.81. The firm has a 50 day moving average price of $30.84 and a 200 day moving average price of $35.18. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $1.69 billion, a PE ratio of -111.59, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29.

Five9 (NASDAQ:FIVNGet Free Report) last released its quarterly earnings data 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). The business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. Sell-side analysts expect that Five9, Inc. will post 0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $65.00 price target on shares of Five9 in a research note on Wednesday, March 19th. Piper Sandler lifted their price target on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Morgan Stanley lowered their price objective on shares of Five9 from $48.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Barclays lifted their target price on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, William Blair reiterated an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Five9 presently has a consensus rating of “Moderate Buy” and an average target price of $54.94.

Read Our Latest Report on Five9

Insider Activity at Five9

In related news, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the sale, the chief executive officer now owns 404,056 shares in the company, valued at approximately $14,396,515.28. The trade was a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Panos Kozanian sold 7,619 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the sale, the executive vice president now directly owns 126,359 shares in the company, valued at $4,220,390.60. This represents a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,574 shares of company stock worth $1,004,346. 1.80% of the stock is currently owned by company insiders.

Five9 Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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