Five9, Inc. (NASDAQ:FIVN) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its position in Five9, Inc. (NASDAQ:FIVNFree Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,119 shares of the software maker’s stock after selling 2,651 shares during the period. California State Teachers Retirement System owned 0.10% of Five9 worth $5,990,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FIVN. Arcadia Investment Management Corp MI lifted its holdings in 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 last quarter. Global Wealth Management Investment Advisory Inc. lifted its holdings in Five9 by 139.5% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after acquiring an additional 279 shares during the last quarter. Headlands Technologies LLC lifted its holdings in Five9 by 136.0% in the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after acquiring an additional 306 shares during the last quarter. Intrust Bank NA bought a new position in Five9 in the fourth quarter worth about $202,000. Finally, Inceptionr LLC bought a new position in Five9 in the fourth quarter worth about $215,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Five9 news, CEO Michael Burkland sold 12,386 shares of Five9 stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total value of $573,471.80. Following the transaction, the chief executive officer now owns 266,083 shares in the company, valued at $12,319,642.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Five9 news, CAO Leena Mansharamani sold 1,542 shares of Five9 stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.27, for a total value of $71,348.34. Following the transaction, the chief accounting officer now owns 38,267 shares in the company, valued at $1,770,614.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Burkland sold 12,386 shares of Five9 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 completion of the transaction, the chief executive officer now owns 266,083 shares in the company, valued at approximately $12,319,642.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,250 shares of company stock worth $1,585,729. 1.80% of the stock is owned by insiders.

Five9 Price Performance

Shares of NASDAQ:FIVN opened at $42.92 on Tuesday. Five9, Inc. has a 12 month low of $41.79 and a 12 month high of $92.40. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of -50.49 and a beta of 0.81. The stock’s 50 day moving average price is $54.38 and its 200 day moving average price is $65.98. The company has a debt-to-equity ratio of 2.41, a current ratio of 7.02 and a quick ratio of 7.02.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FIVN shares. Morgan Stanley cut their target price on shares of Five9 from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Canaccord Genuity Group cut their price target on Five9 from $90.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $80.00 price target on shares of Five9 in a report on Friday, May 3rd. Barclays cut their price target on Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Five9 in a report on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.14.

View Our Latest Research Report on Five9

About Five9

(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.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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