Wealthfront Advisers LLC Takes Position in Five9, Inc. (NASDAQ:FIVN)

Wealthfront Advisers LLC acquired a new stake in Five9, Inc. (NASDAQ:FIVN) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 13,739 shares of the software maker’s stock, valued at approximately $558,000.

Other institutional investors have also modified their holdings of the company. Lindbrook Capital LLC lifted its holdings in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after purchasing an additional 1,315 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Five9 during the third quarter valued at $95,000. Venturi Wealth Management LLC lifted its holdings in shares of Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after purchasing an additional 2,571 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its holdings in shares of Five9 by 324.8% during the fourth quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock valued at $132,000 after purchasing an additional 2,485 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Insider Activity

In other news, CAO Leena Mansharamani sold 1,517 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $50,409.91. Following the transaction, the chief accounting officer now owns 48,300 shares of the company’s stock, valued at approximately $1,605,009. This represents a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Andy Dignan sold 2,840 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $94,373.20. Following the sale, the chief operating officer now owns 194,201 shares of the company’s stock, valued at approximately $6,453,299.23. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,874 shares of company stock valued at $985,446. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley upped their target price on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Barclays upped their price target on Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Truist Financial reissued a “buy” rating and set a $65.00 price target on shares of Five9 in a research report on Tuesday, December 17th. Needham & Company LLC reissued a “buy” rating and set a $52.00 price target on shares of Five9 in a research report on Friday, February 21st. Finally, Piper Sandler upped their price target on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.25.

Five9 Stock Performance

Shares of NASDAQ FIVN opened at $29.48 on Monday. 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 firm has a market cap of $2.23 billion, a price-to-earnings ratio of -147.39, a P/E/G ratio of 9.41 and a beta of 1.01. The business’s 50-day simple moving average is $38.19 and its 200-day simple moving average is $35.84. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $63.79.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data 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 company had revenue of $278.66 million for the quarter, compared to analyst estimates 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 expect that Five9, Inc. will post 0.28 earnings per share 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.