Five9, Inc. (FIVN) Position Decreased by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. lowered its position in shares of Five9, Inc. (NASDAQ:FIVN) by 57.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 34,217 shares of the software maker’s stock after selling 46,957 shares during the period. UBS Asset Management Americas Inc.’s holdings in Five9 were worth $563,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Suntrust Banks Inc. purchased a new position in Five9 during the first quarter worth about $378,000. Metropolitan Life Insurance Co. NY raised its position in Five9 by 6.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 24,172 shares of the software maker’s stock worth $343,000 after buying an additional 1,488 shares during the last quarter. Fox Run Management L.L.C. raised its position in Five9 by 87.9% in the first quarter. Fox Run Management L.L.C. now owns 26,300 shares of the software maker’s stock worth $433,000 after buying an additional 12,300 shares during the last quarter. Capital Fund Management S.A. raised its position in Five9 by 33.2% in the first quarter. Capital Fund Management S.A. now owns 50,600 shares of the software maker’s stock worth $833,000 after buying an additional 12,600 shares during the last quarter. Finally, Highbridge Capital Management LLC raised its position in Five9 by 3.7% in the fourth quarter. Highbridge Capital Management LLC now owns 53,497 shares of the software maker’s stock worth $759,000 after buying an additional 1,919 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.
Five9, Inc. (NASDAQ FIVN) opened at 22.46 on Monday. Five9, Inc. has a 12-month low of $11.90 and a 12-month high of $24.80. The firm’s market capitalization is $1.22 billion. The company’s 50-day moving average price is $22.37 and its 200-day moving average price is $18.78.
Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Wednesday, May 3rd. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. Five9 had a negative return on equity of 42.68% and a negative net margin of 7.13%. The business had revenue of $47.01 million for the quarter, compared to analyst estimates of $44.67 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. Equities analysts expect that Five9, Inc. will post ($0.02) EPS for the current fiscal year.
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A number of research firms recently issued reports on FIVN. Northland Securities set a $25.00 target price on Five9 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 target price (up from $18.00) on shares of Five9 in a report on Thursday. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, July 4th. BidaskClub lowered Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 target price on shares of Five9 in a report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $20.13.
In other Five9 news, CEO Michael Burkland sold 24,000 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $21.86, for a total value of $524,640.00. Following the transaction, the chief executive officer now owns 988,575 shares of the company’s stock, valued at $21,610,249.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Barry Zwarenstein sold 12,023 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $21.81, for a total value of $262,221.63. The disclosure for this sale can be found here. Insiders have sold 227,107 shares of company stock worth $4,959,166 in the last ninety days. 9.10% of the stock is currently owned by insiders.
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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