Macquarie Group Ltd. Has $2.72 Million Stake in Five9, Inc. (FIVN)
Macquarie Group Ltd. decreased its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 8.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,770 shares of the software maker’s stock after selling 10,484 shares during the quarter. Macquarie Group Ltd. owned about 0.21% of Five9 worth $2,719,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in Five9 by 4,389.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after acquiring an additional 5,443 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Five9 in the second quarter valued at approximately $202,000. Principal Financial Group Inc. bought a new position in Five9 in the second quarter valued at approximately $219,000. D.A. Davidson & CO. lifted its stake in Five9 by 20.8% in the second quarter. D.A. Davidson & CO. now owns 11,476 shares of the software maker’s stock valued at $246,000 after buying an additional 1,976 shares in the last quarter. Finally, Wolverine Trading LLC lifted its stake in Five9 by 4.5% in the second quarter. Wolverine Trading LLC now owns 12,036 shares of the software maker’s stock valued at $254,000 after buying an additional 522 shares in the last quarter. Institutional investors own 93.55% of the company’s stock.
A number of brokerages have weighed in on FIVN. Needham & Company LLC reaffirmed a “buy” rating and issued a $26.00 price target (up previously from $21.00) on shares of Five9 in a research note on Wednesday, August 9th. TheStreet raised shares of Five9 from a “d” rating to a “c-” rating in a research note on Tuesday, November 21st. KeyCorp reaffirmed an “overweight” rating and issued a $29.00 price target (up previously from $27.00) on shares of Five9 in a research note on Wednesday, November 8th. Northland Securities reiterated a “buy” rating and issued a $25.00 price objective on shares of Five9 in a report on Wednesday, October 4th. Finally, Morgan Stanley lifted their price objective on shares of Five9 from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $26.43.
In other Five9 news, EVP Daniel P. Burkland sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $22.12, for a total value of $221,200.00. Following the transaction, the executive vice president now directly owns 146,436 shares in the company, valued at $3,239,164.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Scott Welch sold 3,902 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $25.30, for a total transaction of $98,720.60. Following the completion of the transaction, the executive vice president now owns 105,003 shares in the company, valued at $2,656,575.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 808,289 shares of company stock worth $19,561,565. 9.10% of the stock is owned by corporate insiders.
Five9, Inc. (NASDAQ FIVN) opened at $23.08 on Tuesday. Five9, Inc. has a fifty-two week low of $12.58 and a fifty-two week high of $27.81. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.17 and a quick ratio of 2.17.
Five9 (NASDAQ:FIVN) last issued its earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.05. The business had revenue of $50.08 million for the quarter, compared to the consensus estimate of $48.20 million. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. Five9’s revenue was up 22.2% on a year-over-year basis. equities analysts expect that Five9, Inc. will post -0.18 earnings per share for the current year.
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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