1 week Ago By Defense World Staff
Geode Capital Management LLC raised its stake in Five9, Inc. (NASDAQ:FIVN – Free Report) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The fund owned 1,317,450 shares of the software maker’s stock after purchasing an additional 105,265 shares during the quarter. Geode Capital Management LLC owned 1.75% of Five9 worth $53,558,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of FIVN. Norges Bank bought a new stake in Five9 during the fourth quarter worth $81,280,000. Wellington Management Group LLP grew its stake in shares of Five9 by 50.
9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock worth $72,496,000 after acquiring an additional 601,348 shares in the last quarter. WCM Investment Management LLC grew its stake in shares of Five9 by 35.
9% in the 4th quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker’s stock worth $21,281,000 after acquiring an additional 138,019 shares in the last quarter. Loomis Sayles & Co.
L P raised its holdings in shares of Five9 by 20.7% in 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 purchasing an additional 80,689 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Five9 by 1.
8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 465,702 shares of the software maker’s stock valued at $18,926,000 after purchasing an additional 8,445 shares in the last quarter.
Institutional investors own 96.64% of the company’s stock. Five9 Price PerformanceFive9 stock opened at $23.
07 on Monday. The firm has a market capitalization of $1.75 billion, a P/E ratio of -115.
34, a PEG ratio of 9.41 and a beta of 1.29.
Five9, Inc. has a one year low of $21.04 and a one year high of $60.
81. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.
85 and a quick ratio of 1.85. The business has a fifty day moving average price of $32.
71 and a 200-day moving average price of $35.47. Five9 (NASDAQ:FIVN – Get Free Report) last posted 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). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.
62%. The company had revenue of $278.66 million for the quarter, compared to analysts’ expectations of $267.
70 million. As a group, equities research analysts forecast that Five9, Inc. will post 0.
28 EPS for the current year. Insider Buying and Selling at Five9In other news, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.
20, for a total transaction of $34,277.00. Following the completion of the sale, the chief accounting officer now owns 47,165 shares in the company, valued at approximately $1,424,383.
This trade represents a 2.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Also, CEO Michael Burkland sold 12,595 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.
85. Following the transaction, the chief executive officer now directly owns 404,056 shares of the company’s stock, valued at $14,396,515.28.
The trade was a 3.02 % decrease in their position. The disclosure for this sale can be found here.
Insiders sold a total of 29,574 shares of company stock valued at $1,004,346 in the last three months. Company insiders own 1.80% of the company’s stock.
Analyst Ratings ChangesFIVN has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Five9 in a research report on Tuesday, December 17th.
Barclays increased their price target on Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 21st.
Rosenblatt Securities restated a “buy” rating and issued a $58.00 price objective on shares of Five9 in a research note on Friday, April 4th. William Blair reaffirmed an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th.
Finally, Piper Sandler boosted their price target on shares of Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, February 21st.
Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.76.
Check Out Our Latest Analysis on FIVNAbout 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 AlsoFive stocks we like better than Five9Where Do I Find 52-Week Highs and Lows?Is McDonald’s Stock Serving a Value Meal to Investors? 3 Must-Buy Warren Buffett Stocks for Volatile TimesWalgreens Comeback? Private Equity Circling for a BuyoutHow to Calculate Return on Investment (ROI)Coca-Cola Stock Looks Refreshing After the Relief Rally.
