Five9, Inc. (NASDAQ:FIVN) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC grew its position in Five9, Inc. (NASDAQ:FIVNFree Report) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,796 shares of the software maker’s stock after acquiring an additional 527 shares during the period. Corient Private Wealth LLC’s holdings in Five9 were worth $535,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Arcadia Investment Management Corp MI raised its position in shares of Five9 by 46.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after acquiring an additional 144 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Five9 by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 31,227 shares of the software maker’s stock worth $2,008,000 after purchasing an additional 160 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its position in shares of Five9 by 139.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after purchasing an additional 279 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Five9 by 3.6% during the 3rd quarter. Principal Financial Group Inc. now owns 8,798 shares of the software maker’s stock worth $566,000 after purchasing an additional 304 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in shares of Five9 by 136.0% during the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after purchasing an additional 306 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Insider Buying and Selling

In related news, EVP Panos Kozanian sold 6,893 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $319,145.90. Following the completion of the transaction, the executive vice president now owns 94,477 shares of the company’s stock, valued at approximately $4,374,285.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Five9 news, EVP Panos Kozanian sold 6,893 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $319,145.90. Following the sale, the executive vice president now directly owns 94,477 shares in the company, valued at approximately $4,374,285.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael Burkland sold 12,386 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $573,471.80. Following the sale, the chief executive officer now owns 266,083 shares in the company, valued at $12,319,642.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,250 shares of company stock valued at $1,585,729. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

FIVN has been the subject of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Five9 in a research report on Thursday. Wells Fargo & Company reduced their price target on shares of Five9 from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Morgan Stanley cut their price objective on shares of Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. UBS Group cut their price objective on shares of Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, KeyCorp cut their price objective on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Five9 presently has an average rating of “Moderate Buy” and an average price target of $83.87.

Read Our Latest Stock Analysis on FIVN

Five9 Stock Performance

Five9 stock opened at $43.61 on Friday. The firm has a 50 day simple moving average of $55.14 and a 200-day simple moving average of $66.54. Five9, Inc. has a 1-year low of $41.79 and a 1-year high of $92.40. The company has a debt-to-equity ratio of 2.41, a current ratio of 7.02 and a quick ratio of 7.02. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of -51.31 and a beta of 0.81.

Five9 (NASDAQ:FIVNGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.13. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The business had revenue of $247.01 million during the quarter, compared to analysts’ expectations of $239.72 million. On average, analysts expect that Five9, Inc. will post -0.23 EPS for the current year.

Five9 Profile

(Free Report)

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.

Further Reading

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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