Teacher Retirement System of Texas purchased a new position in Five9 Inc (NASDAQ:FIVN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,281 shares of the software maker’s stock, valued at approximately $380,000.
Several other hedge funds have also modified their holdings of FIVN. Tremblant Capital Group purchased a new stake in shares of Five9 in the third quarter worth $19,544,000. Wells Fargo & Company MN raised its position in shares of Five9 by 31.4% in the third quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock worth $36,598,000 after buying an additional 366,166 shares in the last quarter. Stephens Investment Management Group LLC raised its position in shares of Five9 by 20.1% in the third quarter. Stephens Investment Management Group LLC now owns 710,084 shares of the software maker’s stock worth $16,971,000 after buying an additional 118,769 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Five9 by 32.4% in the third quarter. Ameriprise Financial Inc. now owns 428,389 shares of the software maker’s stock worth $10,238,000 after buying an additional 104,714 shares in the last quarter. Finally, Dai Ichi Life Insurance Company Ltd purchased a new stake in shares of Five9 in the third quarter worth $1,966,000. Institutional investors own 92.66% of the company’s stock.
A number of equities research analysts recently issued reports on FIVN shares. Canaccord Genuity reiterated a “buy” rating and issued a $31.00 price objective on shares of Five9 in a research report on Friday, February 23rd. Roth Capital restated a “buy” rating on shares of Five9 in a research report on Thursday, February 22nd. KeyCorp restated a “buy” rating and set a $30.00 price target (up previously from $29.00) on shares of Five9 in a research report on Wednesday, February 21st. SunTrust Banks assumed coverage on Five9 in a research report on Wednesday, January 31st. They set a “buy” rating and a $30.00 price target on the stock. Finally, BidaskClub upgraded Five9 from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Five9 presently has a consensus rating of “Buy” and an average target price of $26.60.
Shares of Five9 Inc (NASDAQ:FIVN) opened at $31.15 on Tuesday. Five9 Inc has a 12-month low of $15.91 and a 12-month high of $32.47. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market capitalization of $1,775.80, a PE ratio of -194.69 and a beta of 0.08.
Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. The business had revenue of $55.40 million for the quarter, compared to the consensus estimate of $52.31 million. Five9 had a negative return on equity of 24.94% and a negative net margin of 4.48%. The business’s revenue was up 25.3% compared to the same quarter last year. equities research analysts forecast that Five9 Inc will post -0.15 EPS for the current fiscal year.
In other news, President Daniel P. Burkland sold 10,000 shares of Five9 stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $24.36, for a total value of $243,600.00. Following the transaction, the president now owns 168,291 shares in the company, valued at $4,099,568.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Barry Zwarenstein sold 5,000 shares of Five9 stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $24.52, for a total value of $122,600.00. Following the completion of the transaction, the chief executive officer now owns 141,778 shares in the company, valued at approximately $3,476,396.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 660,455 shares of company stock worth $19,102,511. Company 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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