SG Americas Securities LLC Acquires 218,053 Shares of Five9 Inc (FIVN)

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SG Americas Securities LLC lifted its holdings in Five9 Inc (NASDAQ:FIVN) by 4,327.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,092 shares of the software maker’s stock after purchasing an additional 218,053 shares during the period. SG Americas Securities LLC’s holdings in Five9 were worth $9,747,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FIVN. Mount Yale Investment Advisors LLC acquired a new position in shares of Five9 in the 2nd quarter worth approximately $110,000. Great West Life Assurance Co. Can grew its stake in shares of Five9 by 81.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 5,407 shares of the software maker’s stock worth $187,000 after purchasing an additional 2,419 shares during the last quarter. Atria Investments LLC acquired a new position in shares of Five9 in the 2nd quarter worth approximately $214,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Five9 in the 2nd quarter worth approximately $214,000. Finally, Mirador Capital Partners LP acquired a new position in shares of Five9 in the 2nd quarter worth approximately $234,000. 96.21% of the stock is currently owned by institutional investors.

Shares of FIVN opened at $41.49 on Wednesday. Five9 Inc has a one year low of $22.51 and a one year high of $49.50. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of -244.06, a PEG ratio of 108.39 and a beta of 0.59. The company has a quick ratio of 6.95, a current ratio of 6.95 and a debt-to-equity ratio of 1.56.

Five9 (NASDAQ:FIVN) last announced its earnings results on Tuesday, November 6th. The software maker reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.09. Five9 had a negative net margin of 1.90% and a positive return on equity of 0.88%. The company had revenue of $65.30 million during the quarter, compared to analysts’ expectations of $61.70 million. During the same period last year, the company posted $0.04 earnings per share. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. As a group, analysts anticipate that Five9 Inc will post 0.04 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on FIVN shares. BidaskClub raised shares of Five9 from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 24th. Needham & Company LLC lifted their price objective on shares of Five9 from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Northland Securities reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Five9 in a research note on Tuesday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of Five9 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 7th. Finally, Barclays lifted their price objective on shares of Five9 from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, September 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Five9 has an average rating of “Hold” and a consensus target price of $40.92.

In related news, EVP Scott Welch sold 1,411 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $44.19, for a total transaction of $62,352.09. Following the completion of the sale, the executive vice president now directly owns 92,534 shares in the company, valued at $4,089,077.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Barry Zwarenstein sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $36.39, for a total transaction of $363,900.00. Following the sale, the chief financial officer now owns 105,349 shares of the company’s stock, valued at $3,833,650.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,708 shares of company stock valued at $4,296,448. Corporate insiders own 5.10% of the company’s stock.

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Five9 Company Profile

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