Two Sigma Investments LP Has $12.44 Million Position in Five9, Inc. (NASDAQ:FIVN)

Two Sigma Investments LP lifted its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 16.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 306,032 shares of the software maker’s stock after purchasing an additional 42,315 shares during the quarter. Two Sigma Investments LP’s holdings in Five9 were worth $12,437,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FIVN. PNC Financial Services Group Inc. increased its position in shares of Five9 by 10.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker’s stock worth $156,000 after acquiring an additional 365 shares in the last quarter. Arizona State Retirement System increased its position in shares of Five9 by 2.0% during the fourth quarter. Arizona State Retirement System now owns 21,694 shares of the software maker’s stock worth $882,000 after acquiring an additional 424 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after acquiring an additional 520 shares in the last quarter. Xponance Inc. increased its position in shares of Five9 by 6.1% during the fourth quarter. Xponance Inc. now owns 9,421 shares of the software maker’s stock worth $383,000 after acquiring an additional 539 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Five9 by 1.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker’s stock worth $1,325,000 after acquiring an additional 590 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Insider Activity at Five9

In related news, CEO Michael Burkland sold 12,595 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the sale, the chief executive officer now owns 404,056 shares in the company, valued at approximately $14,396,515.28. This represents a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the transaction, the executive vice president now owns 126,359 shares in the company, valued at approximately $4,220,390.60. This trade represents a 5.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,574 shares of company stock worth $1,004,346. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

FIVN has been the subject of several recent research reports. Royal Bank of Canada upped their price objective on Five9 from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Jefferies Financial Group reduced their price objective on Five9 from $45.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, April 28th. Morgan Stanley reduced their price objective on Five9 from $48.00 to $28.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company reduced their price objective on Five9 from $45.00 to $23.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Finally, Needham & Company LLC reduced their price objective on Five9 from $52.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.58.

Five9 Price Performance

NASDAQ:FIVN opened at $26.59 on Friday. Five9, Inc. has a 1-year low of $21.04 and a 1-year high of $50.70. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a fifty day simple moving average of $25.76 and a 200 day simple moving average of $34.49. The stock has a market capitalization of $2.03 billion, a PE ratio of -132.94, a P/E/G ratio of 9.41 and a beta of 1.23.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.14. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $279.71 million during the quarter, compared to analysts’ expectations of $272.26 million. During the same period last year, the business earned $0.48 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. On average, research analysts expect that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Five9 Profile

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.