First Trust Advisors LP Trims Position in Five9 Inc (NASDAQ:FIVN)

First Trust Advisors LP decreased its stake in shares of Five9 Inc (NASDAQ:FIVN) by 7.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,906 shares of the software maker’s stock after selling 6,465 shares during the period. First Trust Advisors LP’s holdings in Five9 were worth $4,327,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Flinton Capital Management LLC acquired a new position in Five9 during the 4th quarter worth about $30,000. Winslow Evans & Crocker Inc. acquired a new position in Five9 during the 1st quarter worth about $30,000. Pearl River Capital LLC acquired a new position in Five9 during the 1st quarter worth about $32,000. Mckinley Capital Management LLC Delaware acquired a new position in Five9 during the 4th quarter worth about $34,000. Finally, Bank of Montreal Can lifted its position in Five9 by 58.3% during the 4th quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock worth $49,000 after buying an additional 418 shares in the last quarter.

Shares of NASDAQ:FIVN opened at $50.04 on Thursday. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 266.00 and a beta of 0.62. Five9 Inc has a 1-year low of $31.64 and a 1-year high of $57.90. The company has a debt-to-equity ratio of 1.37, a current ratio of 6.12 and a quick ratio of 6.12.



Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The firm had revenue of $74.54 million during the quarter, compared to analysts’ expectations of $70.81 million. Five9 had a positive return on equity of 8.35% and a negative net margin of 0.56%. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 EPS. As a group, sell-side analysts expect that Five9 Inc will post -0.03 EPS for the current year.

Several brokerages recently issued reports on FIVN. Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Tuesday, March 19th. BidaskClub upgraded shares of Five9 from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 16th. Needham & Company LLC upped their price target on shares of Five9 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Craig Hallum reduced their price target on shares of Five9 from $64.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, February 20th. Finally, Canaccord Genuity upped their price target on shares of Five9 from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Five9 currently has an average rating of “Buy” and a consensus target price of $53.54.

In other Five9 news, CEO Rowan M. Trollope sold 91,591 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.95, for a total transaction of $4,300,197.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott Welch sold 1,031 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $53.11, for a total value of $54,756.41. Following the sale, the executive vice president now directly owns 75,948 shares of the company’s stock, valued at $4,033,598.28. The disclosure for this sale can be found here. Insiders have sold a total of 606,989 shares of company stock valued at $30,353,690 over the last three months. Company insiders own 4.90% of the company’s stock.

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Five9 Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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