Royce & Associates LP Has $13.40 Million Stake in Five9, Inc. (NASDAQ:FIVN)

Royce & Associates LP boosted its stake in Five9, Inc. (NASDAQ:FIVN) by 1,219.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,760 shares of the software maker’s stock after buying an additional 304,760 shares during the quarter. Royce & Associates LP owned approximately 0.44% of Five9 worth $13,401,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FIVN. Janney Montgomery Scott LLC acquired a new stake in Five9 in the 3rd quarter valued at $811,000. State of New Jersey Common Pension Fund D raised its position in Five9 by 51.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 58,965 shares of the software maker’s stock valued at $1,694,000 after purchasing an additional 20,040 shares during the last quarter. Natixis Advisors LLC bought a new position in Five9 in the 3rd quarter valued at $679,000. Quest Partners LLC bought a new position in Five9 in the 3rd quarter valued at $95,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Five9 in the 3rd quarter valued at $1,716,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Stock Up 2.5 %

Shares of Five9 stock opened at $30.23 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $63.79. The business has a fifty day simple moving average of $37.97 and a 200 day simple moving average of $35.82. The stock has a market cap of $2.29 billion, a PE ratio of -151.14, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Research analysts predict that Five9, Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Rosenblatt Securities lifted their price objective on Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Morgan Stanley lifted their price objective on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price objective on shares of Five9 in a research report on Monday. William Blair restated an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Finally, Piper Sandler boosted their target price on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and an average target price of $56.25.

Insider Buying and Selling at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,135 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,165 shares of the company’s stock, valued at approximately $1,424,383. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the transaction, the chief executive officer now directly owns 404,056 shares of the company’s stock, valued at approximately $14,396,515.28. The trade was a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,874 shares of company stock valued at $985,446. Company insiders own 1.80% of the company’s stock.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a 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.