17,722 Shares in Five9, Inc. (NASDAQ:FIVN) Purchased by OLD Mission Capital LLC

OLD Mission Capital LLC acquired a new position in Five9, Inc. (NASDAQ:FIVN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 17,722 shares of the software maker’s stock, valued at approximately $3,250,000.

Several other institutional investors also recently modified their holdings of FIVN. Price T Rowe Associates Inc. MD raised its position in shares of Five9 by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,860,862 shares of the software maker’s stock valued at $1,541,549,000 after buying an additional 314,572 shares during the period. BlackRock Inc. raised its position in Five9 by 3.6% in the second quarter. BlackRock Inc. now owns 4,214,409 shares of the software maker’s stock valued at $772,882,000 after purchasing an additional 147,507 shares during the period. FMR LLC raised its position in Five9 by 8.8% in the second quarter. FMR LLC now owns 871,351 shares of the software maker’s stock valued at $159,797,000 after purchasing an additional 70,546 shares during the period. Fred Alger Management LLC increased its position in shares of Five9 by 205.4% during the first quarter. Fred Alger Management LLC now owns 838,972 shares of the software maker’s stock worth $131,156,000 after acquiring an additional 564,303 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Five9 by 3.8% during the second quarter. Geode Capital Management LLC now owns 836,205 shares of the software maker’s stock worth $153,351,000 after acquiring an additional 30,381 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

In related news, CEO Rowan M. Trollope sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, August 5th. The shares were sold at an average price of $208.79, for a total value of $1,252,740.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rowan M. Trollope sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 5th. The shares were sold at an average price of $154.96, for a total transaction of $619,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 52,582 shares of company stock worth $9,543,773 over the last 90 days. 2.50% of the stock is owned by insiders.

A number of equities analysts recently commented on FIVN shares. Truist Securities lowered their target price on shares of Five9 from $212.00 to $190.00 and set a “hold” rating for the company in a research note on Monday, September 20th. Wells Fargo & Company upgraded shares of Five9 from an “equal weight” rating to an “overweight” rating and set a $200.00 price objective for the company in a research note on Friday, October 1st. Needham & Company LLC upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Tuesday, September 7th. Barclays raised shares of Five9 from an “equal weight” rating to an “overweight” rating and set a $206.00 target price for the company in a report on Friday, October 1st. Finally, Truist Financial cut shares of Five9 to a “hold” rating and set a $212.00 target price for the company. in a report on Monday, August 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $195.77.

NASDAQ FIVN opened at $158.77 on Thursday. Five9, Inc. has a one year low of $130.32 and a one year high of $211.68. The company has a 50-day simple moving average of $172.11 and a 200-day simple moving average of $175.25. The company has a debt-to-equity ratio of 4.75, a quick ratio of 4.80 and a current ratio of 4.80. The firm has a market capitalization of $10.75 billion, a PE ratio of -219.42 and a beta of 0.48.

Five9 (NASDAQ:FIVN) last posted its earnings results on Tuesday, July 27th. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. The firm had revenue of $143.78 million during the quarter, compared to analyst estimates of $132.46 million. Five9 had a negative net margin of 9.11% and a negative return on equity of 2.67%. Five9’s revenue was up 44.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS. Equities analysts forecast that Five9, Inc. will post -0.22 earnings per share for the current 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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