Five9, Inc. (NASDAQ:FIVN) Shares Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG increased its stake in Five9, Inc. (NASDAQ:FIVN) by 34.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 80,120 shares of the software maker’s stock after buying an additional 20,381 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Five9 were worth $3,256,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Five9 in the 4th quarter valued at $81,280,000. Wellington Management Group LLP lifted its stake in Five9 by 50.9% during the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after buying an additional 601,348 shares in the last quarter. Potrero Capital Research LLC acquired a new position in shares of Five9 in the third quarter worth about $15,610,000. Royce & Associates LP increased its position in shares of Five9 by 1,219.0% in the fourth quarter. Royce & Associates LP now owns 329,760 shares of the software maker’s stock worth $13,401,000 after acquiring an additional 304,760 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Five9 during the fourth quarter valued at approximately $11,671,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Five9

In other Five9 news, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andy Dignan sold 2,840 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $94,373.20. Following the completion of the transaction, the chief operating officer now directly owns 194,201 shares of the company’s stock, valued at approximately $6,453,299.23. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,874 shares of company stock valued at $985,446 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Five9 in a research note on Wednesday, March 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 target price on shares of Five9 in a research report on Monday, March 17th. Barclays upped their price target on Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley raised their price objective on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler upped their target price on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Five9 has a consensus rating of “Moderate Buy” and an average price target of $56.76.

Five9 Stock Down 0.3 %

Shares of FIVN opened at $27.08 on Wednesday. Five9, Inc. has a 52 week low of $26.34 and a 52 week high of $63.30. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market capitalization of $2.05 billion, a P/E ratio of -135.39, a P/E/G ratio of 9.41 and a beta of 1.01. The company has a 50-day simple moving average of $36.06 and a 200-day simple moving average of $35.83.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). The firm had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. On average, equities research analysts expect that Five9, Inc. will post 0.28 earnings per share for the current year.

Five9 Company Profile

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.