Neuberger Berman Group LLC acquired a new stake in Five9 Inc (NASDAQ:FIVN) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 45,500 shares of the software maker’s stock, valued at approximately $1,087,000. Neuberger Berman Group LLC owned approximately 0.08% of Five9 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Wolverine Trading LLC increased its position in Five9 by 4.5% in the 2nd quarter. Wolverine Trading LLC now owns 12,036 shares of the software maker’s stock worth $254,000 after buying an additional 522 shares during the period. Zacks Investment Management grew its holdings in shares of Five9 by 2.7% during the 2nd quarter. Zacks Investment Management now owns 47,057 shares of the software maker’s stock worth $1,013,000 after purchasing an additional 1,244 shares in the last quarter. Virtu KCG Holdings LLC grew its holdings in shares of Five9 by 10.7% during the 2nd quarter. Virtu KCG Holdings LLC now owns 15,886 shares of the software maker’s stock worth $342,000 after purchasing an additional 1,536 shares in the last quarter. Federated Investors Inc. PA grew its holdings in shares of Five9 by 2.9% during the 2nd quarter. Federated Investors Inc. PA now owns 62,034 shares of the software maker’s stock worth $1,335,000 after purchasing an additional 1,750 shares in the last quarter. Finally, Suntrust Banks Inc. grew its holdings in shares of Five9 by 7.7% during the 2nd quarter. Suntrust Banks Inc. now owns 24,744 shares of the software maker’s stock worth $531,000 after purchasing an additional 1,774 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently commented on FIVN. Zacks Investment Research lowered Five9 from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Barclays lowered Five9 from an “overweight” rating to an “equal weight” rating and set a $27.00 price target on the stock. in a research note on Monday, January 8th. BidaskClub lowered Five9 from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. TheStreet raised Five9 from a “d” rating to a “c-” rating in a research note on Tuesday, November 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $30.00 target price on shares of Five9 in a research report on Friday, November 10th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $26.50.
Shares of Five9 Inc (NASDAQ FIVN) opened at $23.33 on Wednesday. Five9 Inc has a fifty-two week low of $15.27 and a fifty-two week high of $27.81. The stock has a market capitalization of $1,300.00, a PE ratio of -155.53 and a beta of 0.27. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04.
Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. The company had revenue of $50.08 million during the quarter, compared to analysts’ expectations of $48.20 million. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. Five9’s quarterly revenue was up 22.2% compared to the same quarter last year. sell-side analysts predict that Five9 Inc will post -0.18 EPS for the current fiscal year.
In related news, EVP Daniel P. Burkland sold 10,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $24.88, for a total transaction of $248,800.00. Following the completion of the transaction, the executive vice president now directly owns 146,436 shares of the company’s stock, valued at $3,643,327.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott Welch sold 11,892 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $23.58, for a total value of $280,413.36. Following the completion of the sale, the executive vice president now owns 112,484 shares in the company, valued at approximately $2,652,372.72. The disclosure for this sale can be found here. Insiders have sold 846,877 shares of company stock valued at $20,492,200 over the last three months. Insiders own 9.10% of the company’s stock.
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Five9 Company Profile
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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