Cambridge Investment Research Advisors Inc. Has $806,000 Stock Position in Five9, Inc. (NASDAQ:FIVN)

Cambridge Investment Research Advisors Inc. lessened its position in Five9, Inc. (NASDAQ:FIVN – Get Rating) by 6.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,878 shares of the software maker’s stock after selling 858 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Five9 were worth $806,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Lindbrook Capital LLC boosted its stake in Five9 by 50.6% during the 4th quarter. Lindbrook Capital LLC now owns 482 shares of the software maker’s stock valued at $33,000 after purchasing an additional 162 shares during the last quarter. Stephens Inc. AR grew its holdings in Five9 by 7.6% during the fourth quarter. Stephens Inc. AR now owns 2,287 shares of the software maker’s stock worth $155,000 after buying an additional 162 shares in the last quarter. Utah Retirement Systems grew its holdings in Five9 by 1.7% during the third quarter. Utah Retirement Systems now owns 12,300 shares of the software maker’s stock worth $922,000 after buying an additional 200 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in Five9 by 0.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 77,925 shares of the software maker’s stock valued at $5,843,000 after buying an additional 240 shares during the last quarter. Finally, Neo Ivy Capital Management lifted its stake in Five9 by 117.6% during the 2nd quarter. Neo Ivy Capital Management now owns 470 shares of the software maker’s stock valued at $42,000 after acquiring an additional 254 shares in the last quarter.

Five9 Stock Performance

NASDAQ:FIVN opened at $61.53 on Monday. Five9, Inc. has a 52-week low of $46.61 and a 52-week high of $120.39. The business’s fifty day moving average is $63.67 and its 200 day moving average is $67.19. The company has a debt-to-equity ratio of 2.18, a quick ratio of 5.00 and a current ratio of 5.00. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of -49.62 and a beta of 0.72.

Five9 (NASDAQ:FIVN – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.16. The firm had revenue of $208.35 million for the quarter, compared to the consensus estimate of $204.47 million. Five9 had a negative net margin of 10.78% and a negative return on equity of 21.77%. Research analysts predict that Five9, Inc. will post -1.13 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Barry Zwarenstein sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $55.02, for a total value of $137,550.00. Following the transaction, the chief financial officer now owns 94,803 shares of the company’s stock, valued at $5,216,061.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Barry Zwarenstein sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $55.02, for a total transaction of $137,550.00. Following the completion of the transaction, the chief financial officer now directly owns 94,803 shares in the company, valued at $5,216,061.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CRO Daniel P. Burkland sold 547 shares of the company’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $68.02, for a total value of $37,206.94. Following the completion of the transaction, the executive now owns 147,157 shares in the company, valued at $10,009,619.14. The disclosure for this sale can be found here. Insiders have sold 38,014 shares of company stock worth $2,546,730 in the last three months. 2.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on FIVN shares. Truist Financial increased their target price on shares of Five9 from $85.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, February 23rd. Rosenblatt Securities began coverage on shares of Five9 in a research report on Thursday, March 23rd. They set a “buy” rating and a $85.00 target price on the stock. Wells Fargo & Company upped their target price on Five9 from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on Five9 from $55.00 to $70.00 in a report on Thursday, February 23rd. Finally, StockNews.com initiated coverage on Five9 in a research note on Thursday. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.57.

Five9 Company Profile

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Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.