ProShare Advisors LLC Acquires 15,346 Shares of Five9, Inc. $FIVN

ProShare Advisors LLC increased its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 198.4% in the second quarter, Holdings Channel.com reports. The firm owned 23,080 shares of the software maker’s stock after purchasing an additional 15,346 shares during the quarter. ProShare Advisors LLC’s holdings in Five9 were worth $611,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Herald Investment Management Ltd boosted its stake in Five9 by 24.4% in the 2nd quarter. Herald Investment Management Ltd now owns 262,000 shares of the software maker’s stock worth $6,927,000 after purchasing an additional 51,400 shares during the period. Fox Run Management L.L.C. raised its stake in shares of Five9 by 68.7% in the 2nd quarter. Fox Run Management L.L.C. now owns 31,508 shares of the software maker’s stock valued at $834,000 after purchasing an additional 12,826 shares during the period. Gagnon Securities LLC lifted its holdings in shares of Five9 by 7.5% in the second quarter. Gagnon Securities LLC now owns 407,452 shares of the software maker’s stock valued at $10,789,000 after purchasing an additional 28,393 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of Five9 during the second quarter worth about $297,000. Finally, WCM Investment Management LLC boosted its position in shares of Five9 by 6.6% during the second quarter. WCM Investment Management LLC now owns 558,313 shares of the software maker’s stock worth $14,929,000 after buying an additional 34,402 shares during the period. Institutional investors own 96.64% of the company’s stock.

Insider Buying and Selling

In other Five9 news, CEO Michael Burkland sold 18,425 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $25.72, for a total transaction of $473,891.00. Following the transaction, the chief executive officer owned 367,562 shares of the company’s stock, valued at $9,453,694.64. The trade was a 4.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Andy Dignan sold 7,614 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $25.48, for a total value of $194,004.72. Following the completion of the sale, the president directly owned 218,125 shares of the company’s stock, valued at approximately $5,557,825. The trade was a 3.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 53,738 shares of company stock worth $1,380,677 in the last 90 days. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Cantor Fitzgerald cut their target price on Five9 from $36.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Wall Street Zen downgraded shares of Five9 from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “sell (d+)” rating on shares of Five9 in a report on Thursday, November 13th. Morgan Stanley set a $30.00 target price on shares of Five9 in a research report on Tuesday, October 21st. Finally, Barclays cut their price target on shares of Five9 from $33.00 to $29.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.19.

Five9 Price Performance

NASDAQ:FIVN opened at $18.59 on Wednesday. Five9, Inc. has a 1-year low of $17.97 and a 1-year high of $49.90. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04. The firm has a fifty day simple moving average of $23.20 and a 200 day simple moving average of $25.60. The stock has a market capitalization of $1.45 billion, a PE ratio of 206.58, a P/E/G ratio of 2.20 and a beta of 1.27.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share (EPS) for the quarter. The firm had revenue of $283.27 million for the quarter. Five9 had a net margin of 0.80% and a return on equity of 8.91%. On average, research analysts expect that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Five9 announced that its board has authorized a share repurchase plan on Tuesday, November 11th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the software maker to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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.