Lindbrook Capital LLC Buys 520 Shares of Five9, Inc. (NASDAQ:FIVN)

Lindbrook Capital LLC lifted its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 155.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 854 shares of the software maker’s stock after purchasing an additional 520 shares during the quarter. Lindbrook Capital LLC’s holdings in Five9 were worth $35,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FIVN. Janney Montgomery Scott LLC bought a new position in Five9 in the 3rd quarter valued at about $811,000. State of New Jersey Common Pension Fund D lifted its position in Five9 by 51.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 58,965 shares of the software maker’s stock valued at $1,694,000 after acquiring an additional 20,040 shares in the last quarter. WCM Investment Management LLC lifted its position in Five9 by 14.6% in the 3rd quarter. WCM Investment Management LLC now owns 384,592 shares of the software maker’s stock valued at $11,057,000 after acquiring an additional 48,981 shares in the last quarter. Natixis Advisors LLC bought a new position in Five9 in the 3rd quarter valued at about $679,000. Finally, Quest Partners LLC bought a new position in Five9 in the 3rd quarter valued at about $95,000. Institutional investors own 96.64% of the company’s stock.

Insider Activity at Five9

In related news, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Andy Dignan sold 2,840 shares of Five9 stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $94,373.20. Following the completion of the transaction, the chief operating officer now owns 194,201 shares of the company’s stock, valued at $6,453,299.23. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,039 shares of company stock worth $930,029. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on FIVN. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price target on shares of Five9 in a research report on Tuesday, December 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 price target on shares of Five9 in a research report on Friday, February 21st. Piper Sandler increased their price objective on shares of Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Wells Fargo & Company lowered shares of Five9 from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $55.00 to $40.00 in a research note on Tuesday, November 12th. Finally, William Blair reiterated an “outperform” rating on shares of Five9 in a research note on Friday, February 21st. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Five9 presently has an average rating of “Moderate Buy” and a consensus price target of $57.65.

Five9 Trading Down 1.2 %

Shares of FIVN stock opened at $32.48 on Friday. The company has a 50 day moving average of $39.31 and a 200-day moving average of $35.96. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 12-month low of $26.60 and a 12-month high of $63.79. The firm has a market cap of $2.46 billion, a P/E ratio of -162.39, a PEG ratio of 9.41 and a beta of 1.01.

Five9 (NASDAQ:FIVN) last issued its quarterly 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 company had revenue of $278.66 million for the quarter, compared to analysts’ expectations of $267.70 million. Sell-side analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current year.

Five9 Company Profile

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.