Amundi Cuts Stock Holdings in Five9, Inc. (NASDAQ:FIVN)

Amundi decreased its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 89.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,212 shares of the software maker’s stock after selling 308,787 shares during the quarter. Amundi’s holdings in Five9 were worth $1,449,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FIVN. State of New Jersey Common Pension Fund D grew its holdings in shares of Five9 by 51.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 58,965 shares of the software maker’s stock worth $1,694,000 after purchasing an additional 20,040 shares in the last quarter. Natixis Advisors LLC bought a new stake in Five9 in the 3rd quarter worth approximately $679,000. Quest Partners LLC bought a new stake in Five9 in the 3rd quarter worth approximately $95,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Five9 in the 3rd quarter worth approximately $1,716,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Five9 by 642.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 217,302 shares of the software maker’s stock worth $6,243,000 after buying an additional 188,043 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FIVN. Cantor Fitzgerald boosted their target price on Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Rosenblatt Securities boosted their target price on Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. William Blair restated an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Needham & Company LLC restated a “buy” rating and issued a $52.00 target price on shares of Five9 in a research report on Monday. Finally, Barclays boosted their target price on Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.25.

Insider Activity at Five9

In related news, COO Andy Dignan sold 2,840 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $94,373.20. Following the sale, the chief operating officer now directly owns 194,201 shares of the company’s stock, valued at $6,453,299.23. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Leena Mansharamani sold 1,135 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 47,165 shares in the company, valued at approximately $1,424,383. The trade was a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,874 shares of company stock worth $985,446 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Five9 Price Performance

Shares of Five9 stock opened at $29.88 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a market cap of $2.27 billion, a PE ratio of -149.39, a P/E/G ratio of 9.41 and a beta of 1.01. The business has a 50 day moving average of $37.79 and a 200 day moving average of $35.81. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $63.79.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The business had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. As a group, equities research analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current 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.