Aberdeen Group plc Sells 37,114 Shares of Five9, Inc. $FIVN

Aberdeen Group plc reduced its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 12.9% during the second quarter, HoldingsChannel.com reports. The fund owned 251,162 shares of the software maker’s stock after selling 37,114 shares during the quarter. Aberdeen Group plc’s holdings in Five9 were worth $6,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Gagnon Securities LLC lifted its holdings in Five9 by 7.5% during the second quarter. Gagnon Securities LLC now owns 407,452 shares of the software maker’s stock worth $10,789,000 after acquiring an additional 28,393 shares during the period. Herald Investment Management Ltd raised its stake in shares of Five9 by 24.4% in the second quarter. Herald Investment Management Ltd now owns 262,000 shares of the software maker’s stock valued at $6,927,000 after buying an additional 51,400 shares during the period. Ameritas Advisory Services LLC raised its stake in shares of Five9 by 38.5% in the second quarter. Ameritas Advisory Services LLC now owns 32,976 shares of the software maker’s stock valued at $873,000 after buying an additional 9,165 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Five9 by 10.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,240 shares of the software maker’s stock valued at $271,000 after buying an additional 953 shares during the period. Finally, ABS Direct Equity Fund LLC bought a new stake in shares of Five9 in the second quarter valued at $2,648,000. 96.64% of the stock is currently owned by institutional investors.

Insider Activity at Five9

In related news, CEO Michael Burkland sold 18,425 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $25.72, for a total transaction of $473,891.00. Following the sale, the chief executive officer directly owned 367,562 shares in the company, valued at approximately $9,453,694.64. The trade was a 4.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Bryan M. Lee sold 1,889 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.72, for a total value of $48,585.08. Following the transaction, the chief financial officer owned 237,488 shares of the company’s stock, valued at approximately $6,108,191.36. The trade was a 0.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,781 shares of company stock worth $1,563,724 in the last 90 days. 1.60% of the stock is owned by company insiders.

Five9 Stock Performance

NASDAQ:FIVN opened at $21.56 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.44 and a current ratio of 4.44. Five9, Inc. has a 52-week low of $20.48 and a 52-week high of $49.90. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 239.58, a PEG ratio of 2.06 and a beta of 1.19. The business’s fifty day moving average is $25.08 and its 200 day moving average is $25.86.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 earnings per share (EPS) for the quarter. Five9 had a return on equity of 8.91% and a net margin of 0.80%.The company had revenue of $283.27 million for the quarter. Research analysts predict that Five9, Inc. will post 0.28 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company assumed coverage on Five9 in a research note on Tuesday, September 30th. They issued an “equal weight” rating and a $28.00 target price on the stock. DA Davidson restated a “neutral” rating and issued a $28.00 target price on shares of Five9 in a research note on Friday, September 12th. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 target price on shares of Five9 in a research note on Friday, August 1st. Piper Sandler lowered their target price on Five9 from $36.00 to $31.00 and set an “overweight” rating on the stock in a research note on Monday, July 14th. Finally, Zacks Research upgraded Five9 from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Five9 has an average rating of “Moderate Buy” and an average price target of $37.88.

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.