Headlands Technologies LLC Makes New Investment in Five9, Inc. (NASDAQ:FIVN)

Headlands Technologies LLC purchased a new stake in Five9, Inc. (NASDAQ:FIVN) in the fourth quarter, HoldingsChannel reports. The firm purchased 20,684 shares of the software maker’s stock, valued at approximately $841,000.

A number of other hedge funds have also modified their holdings of the company. Lindbrook Capital LLC increased its stake in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after buying an additional 1,315 shares during the period. Venturi Wealth Management LLC lifted its holdings in Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after acquiring an additional 2,571 shares in the last quarter. FNY Investment Advisers LLC grew its stake in Five9 by 324.8% in the fourth quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock valued at $132,000 after acquiring an additional 2,485 shares during the period. Finally, KBC Group NV increased its holdings in shares of Five9 by 49.2% in the fourth 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 in the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Price Performance

NASDAQ:FIVN opened at $27.46 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a fifty day simple moving average of $35.81 and a 200 day simple moving average of $35.77. Five9, Inc. has a 1-year low of $26.20 and a 1-year high of $63.30. The stock has a market capitalization of $2.08 billion, a PE ratio of -137.29, a P/E/G ratio of 9.41 and a beta of 1.29.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The business had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. On average, research analysts expect that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the transaction, the chief executive officer now owns 404,056 shares in the company, valued at approximately $14,396,515.28. This represents a 3.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the transaction, the executive vice president now directly owns 126,359 shares in the company, valued at approximately $4,220,390.60. This represents a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,874 shares of company stock valued at $985,446. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FIVN. Piper Sandler boosted their price objective on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Truist Financial reiterated a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Cantor Fitzgerald raised their price objective on shares of Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Five9 in a research note on Wednesday, March 19th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $52.00 price target on shares of Five9 in a research note on Monday, March 17th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $56.76.

Five9 Profile

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.