1 week Ago By ABMN Staff
Geode Capital Management LLC grew its position in shares of Five9, Inc. ( NASDAQ:FIVN – Free Report ) by 8.7% during the 4th quarter, Holdings Channel.
com reports. The firm owned 1,317,450 shares of the software maker’s stock after acquiring an additional 105,265 shares during the period. Geode Capital Management LLC’s holdings in Five9 were worth $53,558,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. B. Metzler seel.
Sohn & Co. AG lifted its holdings in shares of Five9 by 34.1% in the 4th quarter.
B. Metzler seel. Sohn & Co.
AG now owns 80,120 shares of the software maker’s stock worth $3,256,000 after acquiring an additional 20,381 shares during the last quarter. Wellington Management Group LLP boosted its position in Five9 by 50.9% during the fourth quarter.
Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after buying an additional 601,348 shares during the period. Norges Bank purchased a new stake in Five9 during the fourth quarter valued at about $81,280,000. Loomis Sayles & Co.
L P grew its stake in shares of Five9 by 20.7% during the fourth quarter. Loomis Sayles & Co.
L P now owns 470,909 shares of the software maker’s stock valued at $19,138,000 after buying an additional 80,689 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings in shares of Five9 by 67.8% in the fourth quarter.
Segall Bryant & Hamill LLC now owns 215,516 shares of the software maker’s stock worth $8,759,000 after buying an additional 87,099 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Several research firms recently issued reports on FIVN. Piper Sandler raised their price target on Five9 from $46.00 to $53.
00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Rosenblatt Securities reissued a “buy” rating and set a $58.00 price objective on shares of Five9 in a research note on Friday, April 4th.
Truist Financial reaffirmed a “buy” rating and issued a $65.00 target price on shares of Five9 in a research note on Tuesday, December 17th. Royal Bank of Canada reissued an “outperform” rating and set a $65.
00 price target on shares of Five9 in a research report on Wednesday, March 19th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $52.00 price target on shares of Five9 in a report on Friday, April 4th.
Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.76.
Five9 Price Performance Shares of FIVN stock opened at $23.07 on Monday. The business’s fifty day moving average is $32.
71 and its 200 day moving average is $35.47. The company has a quick ratio of 1.
85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32.
The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -115.34, a PEG ratio of 9.
41 and a beta of 1.29. Five9, Inc.
has a twelve month low of $21.04 and a twelve month high of $60.81.
Five9 ( NASDAQ:FIVN – Get Free Report ) last released its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
70 by ($0.44). The business had revenue of $278.
66 million during the quarter, compared to analysts’ expectations of $267.70 million. Five9 had a positive return on equity of 3.
62% and a negative net margin of 1.23%. Research analysts expect that Five9, Inc.
will post 0.28 EPS for the current fiscal year. Insiders Place Their Bets In other news, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction on Tuesday, March 11th.
The stock was sold at an average price of $30.20, for a total value of $34,277.00.
Following the sale, the chief accounting officer now directly owns 47,165 shares of the company’s stock, valued at approximately $1,424,383. This represents a 2.35 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . Also, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 126,359 shares of the company’s stock, valued at $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 quarter, insiders have sold 29,574 shares of company stock worth $1,004,346. 1.
80% of the stock is currently owned by company insiders. About Five9 ( 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.
See Also Want to see what other hedge funds are holding FIVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five9, Inc. ( NASDAQ:FIVN – Free Report ).
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