Ladenburg Thalmann Financial Services Inc. Boosts Stock Holdings in Five9 Inc (NASDAQ:FIVN)

Ladenburg Thalmann Financial Services Inc. grew its position in shares of Five9 Inc (NASDAQ:FIVN) by 4.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 8,213 shares of the software maker’s stock after buying an additional 348 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Five9 were worth $426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Capital Investment Advisory Services LLC increased its holdings in Five9 by 1,008.0% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 554 shares of the software maker’s stock worth $27,000 after acquiring an additional 504 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in Five9 during the 2nd quarter worth $39,000. Dorsey Wright & Associates boosted its stake in Five9 by 33.3% during the 2nd quarter. Dorsey Wright & Associates now owns 788 shares of the software maker’s stock worth $40,000 after purchasing an additional 197 shares during the last quarter. Private Capital Group LLC boosted its stake in Five9 by 27.5% during the 2nd quarter. Private Capital Group LLC now owns 1,283 shares of the software maker’s stock worth $44,000 after purchasing an additional 277 shares during the last quarter. Finally, James Investment Research Inc. acquired a new stake in Five9 during the 2nd quarter worth $70,000.

In other news, President Daniel P. Burkland sold 15,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $48.28, for a total transaction of $724,200.00. Following the transaction, the president now owns 184,722 shares of the company’s stock, valued at approximately $8,918,378.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Rowan M. Trollope sold 2,024 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $56.93, for a total transaction of $115,226.32. Following the completion of the transaction, the chief executive officer now directly owns 395,456 shares in the company, valued at approximately $22,513,310.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 278,334 shares of company stock worth $16,249,320. Corporate insiders own 4.90% of the company’s stock.

Shares of FIVN stock opened at $56.86 on Wednesday. The company’s 50-day moving average price is $57.48 and its 200-day moving average price is $53.71. The company has a current ratio of 6.41, a quick ratio of 6.41 and a debt-to-equity ratio of 1.27. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 264.67, a PEG ratio of 138.95 and a beta of 0.58. Five9 Inc has a twelve month low of $34.66 and a twelve month high of $65.45.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, July 31st. The software maker reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.07. The firm had revenue of $77.44 million for the quarter, compared to analysts’ expectations of $72.42 million. Five9 had a negative net margin of 0.47% and a positive return on equity of 8.90%. The company’s revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, equities research analysts predict that Five9 Inc will post 0.04 EPS for the current year.

Several equities research analysts have issued reports on FIVN shares. Dougherty & Co raised shares of Five9 from a “neutral” rating to a “buy” rating in a research note on Thursday, August 1st. SunTrust Banks lifted their target price on shares of Five9 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Guggenheim started coverage on shares of Five9 in a research note on Thursday, September 26th. They set a “buy” rating and a $70.00 target price on the stock. ValuEngine cut shares of Five9 from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley cut shares of Five9 from an “overweight” rating to an “equal” rating and set a $58.00 price target on the stock. in a research report on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Five9 currently has an average rating of “Buy” and a consensus target price of $59.92.

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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