Sciencast Management LP Purchases Shares of 4,700 Five9 Inc (FIVN)

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Sciencast Management LP purchased a new position in shares of Five9 Inc (NASDAQ:FIVN) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,700 shares of the software maker’s stock, valued at approximately $233,000.

Several other hedge funds have also modified their holdings of FIVN. BlackRock Inc. grew its stake in shares of Five9 by 0.9% during the third quarter. BlackRock Inc. now owns 4,111,151 shares of the software maker’s stock worth $179,617,000 after acquiring an additional 38,488 shares during the last quarter. Credit Suisse AG grew its stake in shares of Five9 by 23.5% during the third quarter. Credit Suisse AG now owns 70,522 shares of the software maker’s stock worth $3,081,000 after acquiring an additional 13,433 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Five9 by 30.5% during the third quarter. JPMorgan Chase & Co. now owns 258,063 shares of the software maker’s stock worth $11,275,000 after acquiring an additional 60,250 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Five9 by 148.8% during the third quarter. Jane Street Group LLC now owns 34,114 shares of the software maker’s stock worth $1,490,000 after acquiring an additional 20,403 shares during the last quarter. Finally, Verition Fund Management LLC grew its stake in shares of Five9 by 77.7% during the third quarter. Verition Fund Management LLC now owns 21,725 shares of the software maker’s stock worth $949,000 after acquiring an additional 9,501 shares during the last quarter.

Shares of NASDAQ:FIVN opened at $49.55 on Friday. Five9 Inc has a 12-month low of $26.92 and a 12-month high of $57.90. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 330.33 and a beta of 0.62. The company has a debt-to-equity ratio of 1.41, a current ratio of 6.96 and a quick ratio of 6.96.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Tuesday, February 19th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.10. Five9 had a positive return on equity of 7.20% and a negative net margin of 0.09%. The company had revenue of $72.34 million during the quarter, compared to the consensus estimate of $66.53 million. On average, sell-side analysts anticipate that Five9 Inc will post -0.05 EPS for the current year.

FIVN has been the topic of a number of recent research reports. Morgan Stanley set a $58.00 target price on Five9 and gave the company a “buy” rating in a research report on Wednesday, February 20th. Needham & Company LLC upped their target price on Five9 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. Craig Hallum dropped their target price on Five9 from $64.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, February 20th. Canaccord Genuity upped their target price on Five9 from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. They noted that the move was a valuation call. Finally, SunTrust Banks upped their target price on Five9 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $52.38.

In other Five9 news, President Daniel P. Burkland sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $46.51, for a total value of $697,650.00. Following the completion of the transaction, the president now directly owns 159,869 shares of the company’s stock, valued at $7,435,507.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott Welch sold 1,412 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $49.07, for a total value of $69,286.84. Following the completion of the transaction, the executive vice president now directly owns 76,329 shares of the company’s stock, valued at $3,745,464.03. The disclosure for this sale can be found here. Insiders sold 303,289 shares of company stock valued at $16,126,045 over the last three months. 5.10% of the stock is currently owned by corporate insiders.

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Five9 Profile

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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