Lisanti Capital Growth LLC lifted its holdings in Five9 Inc (NASDAQ:FIVN) by 27.9% during the 4th quarter, Holdings Channel reports. The firm owned 129,255 shares of the software maker’s stock after acquiring an additional 28,200 shares during the quarter. Five9 makes up about 2.3% of Lisanti Capital Growth LLC’s portfolio, making the stock its 3rd biggest holding. Lisanti Capital Growth LLC’s holdings in Five9 were worth $5,651,000 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. Private Capital Group LLC boosted its holdings in shares of Five9 by 263.4% during the fourth quarter. Private Capital Group LLC now owns 1,061 shares of the software maker’s stock worth $46,000 after purchasing an additional 769 shares during the period. Bank of Montreal Can raised its position in Five9 by 58.3% during the fourth quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock valued at $49,000 after acquiring an additional 418 shares in the last quarter. Strs Ohio raised its position in Five9 by 112.5% during the fourth quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock valued at $148,000 after acquiring an additional 1,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Five9 by 11.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,408 shares of the software maker’s stock valued at $193,000 after acquiring an additional 442 shares in the last quarter. Finally, Concentric Wealth Management LLC bought a new position in Five9 during the third quarter valued at approximately $208,000. 97.80% of the stock is currently owned by institutional investors.
In related news, EVP Scott Welch sold 1,031 shares of the business’s stock in a transaction on Monday, December 24th. The shares were sold at an average price of $39.57, for a total transaction of $40,796.67. Following the transaction, the executive vice president now owns 63,830 shares of the company’s stock, valued at $2,525,753.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Daniel P. Burkland sold 15,000 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $51.93, for a total transaction of $778,950.00. Following the transaction, the president now directly owns 159,869 shares in the company, valued at approximately $8,301,997.17. The disclosure for this sale can be found here. Insiders have sold 112,759 shares of company stock worth $5,044,363 in the last ninety days. 5.10% of the stock is currently owned by insiders.
Five9 (NASDAQ:FIVN) last announced its earnings results on Tuesday, February 19th. The software maker reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.10. Five9 had a negative net margin of 0.09% and a positive return on equity of 7.75%. The business had revenue of $72.34 million for the quarter, compared to analyst estimates of $66.53 million. Analysts predict that Five9 Inc will post -0.04 EPS for the current year.
Several equities analysts recently weighed in on FIVN shares. BidaskClub raised shares of Five9 from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, January 1st. Craig Hallum cut their price objective on shares of 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 lifted their price target on shares of 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 lifted their price target on shares of Five9 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Five9 currently has an average rating of “Buy” and a consensus target price of $51.85.
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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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