Cwm LLC Sells 198 Shares of Five9, Inc. (NASDAQ:FIVN)

Cwm LLC lessened its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 22.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 689 shares of the software maker’s stock after selling 198 shares during the quarter. Cwm LLC’s holdings in Five9 were worth $54,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FIVN. Orion Portfolio Solutions LLC raised its position in shares of Five9 by 15.7% in the third quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker’s stock valued at $214,000 after purchasing an additional 452 shares during the period. Raymond James Trust N.A. acquired a new stake in shares of Five9 in the fourth quarter valued at about $230,000. Dorsey & Whitney Trust CO LLC increased its stake in shares of Five9 by 16.6% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,742 shares of the software maker’s stock worth $241,000 after purchasing an additional 533 shares during the period. Teza Capital Management LLC acquired a new position in shares of Five9 during the 3rd quarter worth about $252,000. Finally, Toth Financial Advisory Corp bought a new stake in Five9 during the 4th quarter valued at approximately $292,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Stock Performance

NASDAQ FIVN opened at $54.32 on Thursday. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of -63.91 and a beta of 0.85. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41. Five9, Inc. has a 1-year low of $51.01 and a 1-year high of $92.40. The company has a 50 day moving average of $59.61 and a 200-day moving average of $68.36.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.14. The firm had revenue of $239.06 million during the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. On average, equities analysts forecast that Five9, Inc. will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Five9

In other news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total transaction of $420,435.20. Following the transaction, the chief operating officer now directly owns 129,559 shares in the company, valued at $7,421,139.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

FIVN has been the topic of several recent analyst reports. Canaccord Genuity Group cut their price target on Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a report on Monday, April 22nd. 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 research report on Friday, May 3rd. Rosenblatt Securities reissued a “buy” rating and set a $80.00 target price on shares of Five9 in a research report on Friday, May 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Five9 in a report on Friday, May 3rd. Finally, Piper Sandler boosted their price objective on Five9 from $84.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, January 12th. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Five9 currently has an average rating of “Moderate Buy” and an average target price of $84.88.

Five9 Profile

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.