Juncture Wealth Strategies LLC Raises Stock Position in Five9, Inc. (NASDAQ:FIVN)

Juncture Wealth Strategies LLC boosted its holdings in Five9, Inc. (NASDAQ:FIVN) by 8.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,918 shares of the software maker’s stock after buying an additional 533 shares during the period. Juncture Wealth Strategies LLC’s holdings in Five9 were worth $1,105,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. NEXT Financial Group Inc increased its stake in Five9 by 6.8% in the 3rd quarter. NEXT Financial Group Inc now owns 1,251 shares of the software maker’s stock worth $200,000 after buying an additional 80 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Five9 in the 3rd quarter worth $826,000. Paragon Advisors LLC increased its stake in Five9 by 12.6% in the 3rd quarter. Paragon Advisors LLC now owns 9,648 shares of the software maker’s stock worth $1,541,000 after buying an additional 1,082 shares in the last quarter. Berman Capital Advisors LLC increased its stake in Five9 by 37.0% in the 3rd quarter. Berman Capital Advisors LLC now owns 448 shares of the software maker’s stock worth $70,000 after buying an additional 121 shares in the last quarter. Finally, Whale Rock Capital Management LLC boosted its holdings in shares of Five9 by 16.7% during the 2nd quarter. Whale Rock Capital Management LLC now owns 2,852,885 shares of the software maker’s stock valued at $523,191,000 after purchasing an additional 408,928 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Several research firms have commented on FIVN. Northland Securities raised shares of Five9 from a “market perform” rating to an “outperform” rating and set a $200.00 price objective for the company in a report on Friday, October 1st. Wells Fargo & Company increased their price objective on shares of Five9 from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 9th. Colliers Securities raised shares of Five9 from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Friday, October 1st. Needham & Company LLC raised shares of Five9 from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Tuesday, September 7th. Finally, Zacks Investment Research raised shares of Five9 from a “sell” rating to a “hold” rating in a report on Wednesday, November 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $199.50.

In related news, CEO Rowan M. Trollope sold 4,000 shares of Five9 stock in a transaction that occurred on Tuesday, October 5th. The shares were sold at an average price of $154.96, for a total transaction of $619,840.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Barry Zwarenstein sold 12,500 shares of Five9 stock in a transaction that occurred on Wednesday, November 17th. The shares were sold at an average price of $165.48, for a total transaction of $2,068,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,988 shares of company stock worth $8,674,522. Corporate insiders own 2.50% of the company’s stock.

Shares of NASDAQ FIVN opened at $141.99 on Friday. The company has a debt-to-equity ratio of 4.52, a current ratio of 3.64 and a quick ratio of 3.64. The company has a market cap of $9.61 billion, a P/E ratio of -169.03 and a beta of 0.41. Five9, Inc. has a 1 year low of $131.70 and a 1 year high of $211.68. The firm has a 50-day simple moving average of $156.85 and a two-hundred day simple moving average of $171.70.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Monday, November 8th. The software maker reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.05. The business had revenue of $154.30 million during the quarter, compared to the consensus estimate of $146.69 million. Five9 had a negative net margin of 10.04% and a negative return on equity of 7.59%. The firm’s quarterly revenue was up 37.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 earnings per share. As a group, equities research analysts expect that Five9, Inc. will post -0.3 EPS for the current year.

Five9 Profile

Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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