Five9, Inc. (NASDAQ:FIVN) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its position in Five9, Inc. (NASDAQ:FIVN – Get Rating) by 8.0% during the fourth quarter, Holdings Channel reports. The firm owned 89,310 shares of the software maker’s stock after selling 7,806 shares during the period. Raymond James & Associates’ holdings in Five9 were worth $6,061,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Centiva Capital LP boosted its holdings in shares of Five9 by 12.2% in the 3rd quarter. Centiva Capital LP now owns 2,804 shares of the software maker’s stock valued at $210,000 after acquiring an additional 304 shares during the last quarter. Vista Equity Partners Management LLC lifted its holdings in shares of Five9 by 50.1% in the 3rd quarter. Vista Equity Partners Management LLC now owns 364,256 shares of the software maker’s stock valued at $27,312,000 after buying an additional 121,595 shares during the period. Capital Fund Management S.A. lifted its holdings in shares of Five9 by 40.6% in the 3rd quarter. Capital Fund Management S.A. now owns 110,838 shares of the software maker’s stock valued at $8,311,000 after buying an additional 31,991 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Five9 by 15.3% in the 3rd quarter. California Public Employees Retirement System now owns 138,697 shares of the software maker’s stock valued at $10,400,000 after buying an additional 18,363 shares during the period. Finally, Blueshift Asset Management LLC lifted its holdings in shares of Five9 by 91.9% in the 3rd quarter. Blueshift Asset Management LLC now owns 6,372 shares of the software maker’s stock valued at $478,000 after buying an additional 3,051 shares during the period.

Insiders Place Their Bets

In other news, CFO Barry Zwarenstein sold 497 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $68.05, for a total transaction of $33,820.85. Following the transaction, the chief financial officer now owns 132,383 shares of the company’s stock, valued at approximately $9,008,663.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Barry Zwarenstein sold 497 shares of Five9 stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $68.05, for a total transaction of $33,820.85. Following the sale, the chief financial officer now owns 132,383 shares of the company’s stock, valued at approximately $9,008,663.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Panos Kozanian sold 1,378 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $69.00, for a total value of $95,082.00. Following the completion of the transaction, the executive vice president now owns 113,789 shares of the company’s stock, valued at $7,851,441. The disclosure for this sale can be found here. Insiders sold 38,014 shares of company stock valued at $2,546,730 in the last three months. 2.40% of the stock is currently owned by insiders.

Five9 Stock Performance

FIVN opened at $61.53 on Monday. The firm has a market capitalization of $4.38 billion, a PE ratio of -49.62 and a beta of 0.72. The company has a current ratio of 5.00, a quick ratio of 5.00 and a debt-to-equity ratio of 2.18. Five9, Inc. has a twelve month low of $46.61 and a twelve month high of $120.39. The firm’s 50-day moving average price is $63.67 and its 200 day moving average price is $67.19.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FIVN. Truist Financial lifted 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. Morgan Stanley lifted their target price on shares of Five9 from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, February 23rd. Canaccord Genuity Group lifted their target price on shares of Five9 from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 23rd. Credit Suisse Group restated a “neutral” rating and set a $70.00 target price on shares of Five9 in a research report on Thursday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Five9 from $55.00 to $70.00 in a research report on Thursday, February 23rd. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.57.

Five9 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.