Wasatch Advisors Inc. Has $381.46 Million Stock Holdings in Five9, Inc. (NASDAQ:FIVN)

Share on StockTwits

Wasatch Advisors Inc. reduced its position in shares of Five9, Inc. (NASDAQ:FIVN) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,941,514 shares of the software maker’s stock after selling 18,852 shares during the quarter. Five9 comprises 2.4% of Wasatch Advisors Inc.’s portfolio, making the stock its 2nd largest holding. Wasatch Advisors Inc. owned about 4.46% of Five9 worth $381,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Altshuler Shaham Ltd lifted its position in shares of Five9 by 24.0% during the 3rd quarter. Altshuler Shaham Ltd now owns 393 shares of the software maker’s stock valued at $51,000 after acquiring an additional 76 shares during the last quarter. OneAscent Financial Services LLC lifted its position in shares of Five9 by 2.7% during the 3rd quarter. OneAscent Financial Services LLC now owns 3,021 shares of the software maker’s stock valued at $392,000 after acquiring an additional 78 shares during the last quarter. Juncture Wealth Strategies LLC lifted its position in shares of Five9 by 1.0% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 7,711 shares of the software maker’s stock valued at $1,000,000 after acquiring an additional 79 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Five9 by 23.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 473 shares of the software maker’s stock valued at $61,000 after acquiring an additional 90 shares during the last quarter. Finally, Strs Ohio lifted its position in shares of Five9 by 1.0% during the 2nd quarter. Strs Ohio now owns 10,002 shares of the software maker’s stock valued at $1,106,000 after acquiring an additional 102 shares during the last quarter. 99.06% of the stock is owned by hedge funds and other institutional investors.

Shares of FIVN stock traded up $2.51 on Friday, hitting $148.67. The stock had a trading volume of 540,810 shares, compared to its average volume of 954,694. The firm has a market cap of $9.81 billion, a P/E ratio of -280.50 and a beta of 0.50. Five9, Inc. has a twelve month low of $52.51 and a twelve month high of $167.17. The company has a fifty day moving average price of $144.19 and a two-hundred day moving average price of $120.98. The company has a current ratio of 9.32, a quick ratio of 9.32 and a debt-to-equity ratio of 2.46.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Thursday, October 29th. The software maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.18 by $0.09. The business had revenue of $112.10 million for the quarter, compared to analysts’ expectations of $101.10 million. Five9 had a negative net margin of 8.54% and a positive return on equity of 0.40%. The firm’s revenue was up 33.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 EPS. On average, analysts expect that Five9, Inc. will post -0.09 earnings per share for the current year.

In related news, CEO Rowan M. Trollope sold 23,221 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $114.00, for a total value of $2,647,194.00. Following the sale, the chief executive officer now directly owns 297,321 shares of the company’s stock, valued at approximately $33,894,594. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Daniel P. Burkland sold 13,961 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $112.12, for a total transaction of $1,565,307.32. Following the completion of the sale, the president now directly owns 103,330 shares in the company, valued at $11,585,359.60. The disclosure for this sale can be found here. Insiders sold a total of 102,056 shares of company stock worth $12,232,905 over the last ninety days. 3.00% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on the company. Piper Sandler began coverage on Five9 in a report on Wednesday, September 9th. They issued an “overweight” rating and a $133.00 target price for the company. BidaskClub upgraded Five9 from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 29th. Wells Fargo & Company increased their price objective on Five9 from $125.00 to $155.00 in a report on Tuesday, August 4th. Zacks Investment Research lowered Five9 from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, ValuEngine upgraded Five9 from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Five9 has a consensus rating of “Buy” and an average price target of $128.46.

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 digital engagement channels between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

See Also: What are no-load funds?

Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.