1 week Ago By Defense World Staff
Invesco Ltd. trimmed its stake in Five9, Inc. ( NASDAQ:FIVN – Free Report ) by 4.
2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,516 shares of the software maker’s stock after selling 3,487 shares during the period. Invesco Ltd.
owned 0.11% of Five9 worth $3,232,000 as of its most recent SEC filing. Other large investors have also recently modified their holdings of the company.
Norges Bank purchased a new position in Five9 during the fourth quarter valued at $81,280,000. Wellington Management Group LLP lifted its position in Five9 by 50.9% during the 4th quarter.
Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after acquiring an additional 601,348 shares during the period. Geode Capital Management LLC boosted its stake in Five9 by 8.7% during the fourth quarter.
Geode Capital Management LLC now owns 1,317,450 shares of the software maker’s stock worth $53,558,000 after acquiring an additional 105,265 shares in the last quarter. WCM Investment Management LLC grew its holdings in Five9 by 35.9% in the fourth quarter.
WCM Investment Management LLC now owns 522,611 shares of the software maker’s stock worth $21,281,000 after purchasing an additional 138,019 shares during the period. Finally, Loomis Sayles & Co. L P increased its stake in shares of Five9 by 20.
7% during the fourth quarter. Loomis Sayles & Co. L P now owns 470,909 shares of the software maker’s stock valued at $19,138,000 after purchasing an additional 80,689 shares in the last quarter.
Institutional investors own 96.64% of the company’s stock. Analyst Upgrades and Downgrades FIVN has been the subject of several recent analyst reports.
Rosenblatt Securities lowered their price target on Five9 from $58.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday.
Piper Sandler upped their target price on shares of Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st.
Barclays boosted their price objective on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 21st.
Morgan Stanley cut their target price on Five9 from $48.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th.
Finally, Royal Bank of Canada restated an “outperform” rating and issued a $65.00 price target on shares of Five9 in a research note on Wednesday, March 19th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock.
Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.47. Five9 Stock Performance NASDAQ:FIVN opened at $25.
06 on Monday. The stock has a 50-day simple moving average of $29.06 and a two-hundred day simple moving average of $35.
09. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.
85 and a current ratio of 1.85. Five9, Inc.
has a 52-week low of $21.04 and a 52-week high of $60.76.
The firm has a market capitalization of $1.91 billion, a PE ratio of -125.29, a P/E/G ratio of 9.
41 and a beta of 1.29. Five9 ( NASDAQ:FIVN – Get Free Report ) last released its earnings results on Thursday, February 20th.
The software maker reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.
44). The firm had revenue of $278.66 million during the quarter, compared to analysts’ expectations of $267.
70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.
23%. Analysts forecast that Five9, Inc. will post 0.
28 EPS for the current year. Insider Buying and Selling In related news, CEO Michael Burkland sold 12,595 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $35.
63, for a total transaction of $448,759.85. Following the completion of the transaction, the chief executive officer now directly owns 404,056 shares of the company’s stock, valued at approximately $14,396,515.
28. This trade represents a 3.02 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . Also, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $30.
20, for a total transaction of $34,277.00. Following the completion of the sale, the chief accounting officer now owns 47,165 shares in the company, valued at approximately $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 quarter, insiders sold 29,574 shares of company stock valued at $1,004,346. Company insiders own 1.60% of the company’s stock.
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. Featured Articles Five stocks we like better than Five9 Uptrend Stocks Explained: Learn How to Trade Using Uptrends Texas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery How to Know if a Stock Pays Dividends and When They Are Paid Out O’Reilly Automotive: An Anytime Buy for Buy-and-Hold Investors Find and Profitably Trade Stocks at 52-Week Lows Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2 Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.
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