Citigroup Inc. Lowers Holdings in Five9, Inc. (NASDAQ:FIVN)

Citigroup Inc. lowered its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 70.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 61,675 shares of the software maker’s stock after selling 149,525 shares during the period. Citigroup Inc.’s holdings in Five9 were worth $11,310,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its position in shares of Five9 by 36.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 189 shares of the software maker’s stock valued at $35,000 after buying an additional 50 shares in the last quarter. AllSquare Wealth Management LLC purchased a new stake in shares of Five9 during the 1st quarter valued at $45,000. Sageworth Trust Co purchased a new stake in shares of Five9 during the 1st quarter valued at $78,000. State of Alaska Department of Revenue raised its position in shares of Five9 by 104.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 526 shares of the software maker’s stock valued at $96,000 after buying an additional 269 shares in the last quarter. Finally, FORA Capital LLC raised its position in shares of Five9 by 249.4% during the 1st quarter. FORA Capital LLC now owns 580 shares of the software maker’s stock valued at $91,000 after buying an additional 414 shares in the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

In other news, CFO Barry Zwarenstein sold 12,500 shares of the firm’s stock in a transaction dated Friday, September 17th. The shares were sold at an average price of $173.87, for a total value of $2,173,375.00. Following the completion of the sale, the chief financial officer now directly owns 88,816 shares of the company’s stock, valued at approximately $15,442,437.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rowan M. Trollope sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 6th. The stock was sold at an average price of $191.78, for a total transaction of $1,150,680.00. Following the completion of the sale, the chief executive officer now directly owns 195,256 shares of the company’s stock, valued at $37,446,195.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,582 shares of company stock valued at $10,074,613. Corporate insiders own 2.50% of the company’s stock.

Several analysts have recently weighed in on FIVN shares. Morgan Stanley restated an “equal weight” rating and set a $200.00 price objective on shares of Five9 in a research report on Tuesday, July 20th. Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 19th. JPMorgan Chase & Co. lowered shares of Five9 to a “hold” rating and set a $213.00 target price on the stock. in a report on Thursday, August 5th. Robert W. Baird reaffirmed a “buy” rating and set a $200.00 target price on shares of Five9 in a report on Wednesday, July 28th. Finally, Jefferies Financial Group lowered shares of Five9 from a “buy” rating to a “hold” rating and set a $200.00 target price on the stock. in a report on Wednesday, July 28th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $198.30.

Shares of Five9 stock opened at $171.59 on Tuesday. The firm has a market cap of $11.62 billion, a PE ratio of -241.67 and a beta of 0.48. Five9, Inc. has a 12-month low of $120.66 and a 12-month high of $211.68. The company has a quick ratio of 4.80, a current ratio of 4.80 and a debt-to-equity ratio of 4.75. The company’s fifty day simple moving average is $183.67 and its two-hundred day simple moving average is $175.86.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Tuesday, July 27th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. Five9 had a negative net margin of 9.11% and a negative return on equity of 2.67%. The business had revenue of $143.78 million for the quarter, compared to analyst estimates of $132.46 million. During the same quarter last year, the firm earned $0.21 EPS. The company’s revenue was up 44.1% on a year-over-year basis. As a group, sell-side analysts expect that Five9, Inc. will post -0.22 earnings per share for the current fiscal year.

Five9 Profile

Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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