Five9, Inc. (NASDAQ:FIVN) is Gagnon Securities LLC’s 9th Largest Position

Gagnon Securities LLC lifted its stake in Five9, Inc. (NASDAQ:FIVN) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 366,096 shares of the software maker’s stock after purchasing an additional 34,597 shares during the quarter. Five9 comprises 3.0% of Gagnon Securities LLC’s portfolio, making the stock its 9th biggest holding. Gagnon Securities LLC’s holdings in Five9 were worth $14,878,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Signaturefd LLC boosted its holdings in shares of Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares during the period. KBC Group NV lifted its stake in shares of Five9 by 49.2% during the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock worth $137,000 after acquiring an additional 1,113 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Five9 during the 2nd quarter worth approximately $57,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Five9 by 13.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker’s stock worth $548,000 after acquiring an additional 2,254 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its stake in shares of Five9 by 324.8% during the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock worth $132,000 after acquiring an additional 2,485 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FIVN shares. Rosenblatt Securities raised their price target on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Piper Sandler raised their price target on Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Morgan Stanley raised their price target on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $55.00 to $40.00 in a research note on Tuesday, November 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 target price on shares of Five9 in a research report on Tuesday, January 21st. Six investment 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.50.

Five9 Price Performance

Shares of NASDAQ:FIVN opened at $40.99 on Friday. Five9, Inc. has a 12-month low of $26.60 and a 12-month high of $79.43. The business’s fifty day simple moving average is $40.71 and its 200-day simple moving average is $36.20. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, November 7th. The software maker reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.43). Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. The business had revenue of $264.18 million for the quarter, compared to analysts’ expectations of $254.82 million. During the same quarter last year, the firm earned ($0.21) earnings per share. On average, analysts expect that Five9, Inc. will post 0.11 earnings per share for the current year.

Insider Buying and Selling

In other Five9 news, CAO Leena Mansharamani sold 1,346 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the sale, the chief accounting officer now owns 35,526 shares in the company, valued at approximately $1,468,289.58. The trade was a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,594 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total value of $521,391.60. Following the completion of the transaction, the chief executive officer now directly owns 240,894 shares of the company’s stock, valued at approximately $9,973,011.60. This trade represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock worth $1,209,279 in the last ninety days. 1.80% of the stock is owned by insiders.

About Five9

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.