Chartwell Investment Partners LLC Has $2.80 Million Stake in Five9 Inc (NASDAQ:FIVN)

Chartwell Investment Partners LLC raised its holdings in Five9 Inc (NASDAQ:FIVN) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,276 shares of the software maker’s stock after buying an additional 1,243 shares during the period. Chartwell Investment Partners LLC’s holdings in Five9 were worth $2,797,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Raymond James & Associates increased its stake in shares of Five9 by 18.9% during the 4th quarter. Raymond James & Associates now owns 8,016 shares of the software maker’s stock worth $526,000 after purchasing an additional 1,272 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Five9 by 23.7% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,861 shares of the software maker’s stock worth $778,000 after purchasing an additional 2,270 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Five9 by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 828,580 shares of the software maker’s stock worth $54,338,000 after purchasing an additional 25,460 shares during the last quarter. Norges Bank acquired a new position in shares of Five9 during the 4th quarter worth about $31,013,000. Finally, Riverbridge Partners LLC increased its stake in shares of Five9 by 0.6% during the 1st quarter. Riverbridge Partners LLC now owns 536,846 shares of the software maker’s stock worth $41,047,000 after purchasing an additional 3,375 shares during the last quarter.

In other news, CFO Barry Zwarenstein sold 12,500 shares of Five9 stock in a transaction on Thursday, July 16th. The stock was sold at an average price of $110.42, for a total transaction of $1,380,250.00. Following the sale, the chief financial officer now directly owns 124,212 shares in the company, valued at approximately $13,715,489.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Daniel P. Burkland sold 15,000 shares of Five9 stock in a transaction on Monday, July 6th. The stock was sold at an average price of $115.45, for a total value of $1,731,750.00. Following the sale, the president now owns 112,035 shares in the company, valued at $12,934,440.75. The disclosure for this sale can be found here. Insiders have sold a total of 126,783 shares of company stock worth $12,910,352 over the last quarter. Company insiders own 3.00% of the company’s stock.

Several analysts recently weighed in on FIVN shares. Barclays lifted their price target on Five9 from $85.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, July 20th. Northland Securities started coverage on Five9 in a report on Friday, June 12th. They set a “buy” rating and a $110.00 price objective for the company. Zacks Investment Research lowered Five9 from a “buy” rating to a “hold” rating in a research report on Friday, May 8th. BidaskClub raised shares of Five9 from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 3rd. Finally, Wells Fargo & Co assumed coverage on shares of Five9 in a research report on Tuesday, June 23rd. They issued an “overweight” rating and a $125.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $101.60.

Shares of NASDAQ:FIVN opened at $120.82 on Friday. The company has a current ratio of 5.54, a quick ratio of 5.54 and a debt-to-equity ratio of 1.06. The stock’s fifty day simple moving average is $110.58 and its two-hundred day simple moving average is $89.49. Five9 Inc has a 1-year low of $48.64 and a 1-year high of $122.19. The stock has a market cap of $7.49 billion, a PE ratio of -710.66 and a beta of 0.74.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Monday, May 4th. The software maker reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $95.10 million for the quarter, compared to analysts’ expectations of $89.58 million. Five9 had a positive return on equity of 3.21% and a negative net margin of 2.89%. The business’s revenue was up 27.7% on a year-over-year basis. During the same period last year, the business earned $0.16 EPS. On average, sell-side analysts forecast that Five9 Inc will post -0.19 earnings per share for the current fiscal year.

About Five9

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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