Y Intercept Hong Kong Ltd Decreases Stock Holdings in Five9, Inc. (NASDAQ:FIVN)

Y Intercept Hong Kong Ltd reduced its position in shares of Five9, Inc. (NASDAQ:FIVN) by 79.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,884 shares of the software maker’s stock after selling 67,228 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Five9 were worth $686,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. KBC Group NV lifted its position 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 purchasing an additional 1,113 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its position in Five9 by 10.2% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 12,125 shares of the software maker’s stock valued at $493,000 after acquiring an additional 1,125 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Five9 by 13.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker’s stock valued at $548,000 after acquiring an additional 2,254 shares during the last quarter. FNY Investment Advisers LLC lifted its position 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 last quarter. Finally, Venturi Wealth Management LLC lifted its position in Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after acquiring an additional 2,571 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

FIVN has been the subject of a number of research reports. Barclays boosted their price target on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Rosenblatt Securities boosted their price target on shares of Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 21st. DA Davidson boosted their price target on shares of Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. William Blair reissued an “outperform” rating on shares of Five9 in a research report on Friday, February 21st. Finally, Truist Financial reissued a “buy” rating and issued a $65.00 price target on shares of Five9 in a research report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.65.

Five9 Trading Down 1.0 %

Shares of Five9 stock opened at $36.21 on Friday. Five9, Inc. has a 52-week low of $26.60 and a 52-week high of $63.79. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company’s 50-day simple moving average is $40.18 and its 200-day simple moving average is $35.93. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of -181.02, a price-to-earnings-growth ratio of 9.41 and a beta of 0.93.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The firm had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. As a group, equities research analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current year.

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.