22 hours Ago By Defense World Staff
Envestnet Asset Management Inc. trimmed its position in Five9, Inc. ( NASDAQ:FIVN – Free Report ) by 3.
7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,279 shares of the software maker’s stock after selling 1,193 shares during the quarter. Envestnet Asset Management Inc.
’s holdings in Five9 were worth $1,271,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its stake in shares of Five9 by 3.
6% in the 4th quarter. Wells Fargo & Company MN now owns 24,779 shares of the software maker’s stock valued at $1,007,000 after purchasing an additional 852 shares in the last quarter. Landscape Capital Management L.
L.C. bought a new stake in shares of Five9 during the 4th quarter valued at $302,000.
Conquis Financial LLC bought a new stake in shares of Five9 in the 4th quarter valued at about $122,000. ExodusPoint Capital Management LP grew its holdings in Five9 by 112.1% during the fourth quarter.
ExodusPoint Capital Management LP now owns 111,144 shares of the software maker’s stock valued at $4,517,000 after purchasing an additional 58,733 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Five9 in the fourth quarter valued at approximately $841,000. Institutional investors own 96.
64% of the company’s stock. Analyst Ratings Changes FIVN has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $65.
00 price objective on shares of Five9 in a research note on Wednesday, March 19th. William Blair reissued an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Rosenblatt Securities reduced their price target on Five9 from $58.
00 to $36.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Barclays raised their price objective on shares of Five9 from $55.
00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $52.
00 price target on shares of Five9 in a research report on Friday, April 4th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.
com, Five9 presently has an average rating of “Moderate Buy” and a consensus target price of $50.17. Insiders Place Their Bets In related news, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction dated Tuesday, March 4th.
The shares were sold at an average price of $33.40, for a total value of $254,474.60.
Following the transaction, the executive vice president now owns 126,359 shares of the company’s stock, valued at approximately $4,220,390.60. This trade represents a 5.
69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, CAO Leena Mansharamani sold 1,135 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th.
The stock was sold at an average price of $30.20, for a total value of $34,277.00.
Following the sale, the chief accounting officer now directly owns 47,165 shares of the company’s stock, valued at $1,424,383. This represents a 2.35 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last three months, insiders have sold 29,574 shares of company stock worth $1,004,346. Corporate insiders own 1.
60% of the company’s stock. Five9 Stock Up 0.8 % Shares of FIVN opened at $25.
33 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.
85 and a current ratio of 1.85. The stock has a market capitalization of $1.
93 billion, a price-to-earnings ratio of -126.64, a PEG ratio of 9.41 and a beta of 1.
29. Five9, Inc. has a 52 week low of $21.
04 and a 52 week high of $60.76. The stock has a fifty day moving average of $28.
40 and a 200-day moving average of $34.98. Five9 ( NASDAQ:FIVN – Get Free Report ) last issued its quarterly earnings data on Thursday, February 20th.
The software maker reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.
44). Five9 had a positive return on equity of 3.62% and a negative net margin of 1.
23%. The company had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.
70 million. As a group, sell-side analysts anticipate that Five9, Inc. will post 0.
28 earnings per share for the current fiscal year. About 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.
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