P.A.W. Capital Corp Buys Shares of 100,000 Five9, Inc. $FIVN

P.A.W. Capital Corp purchased a new position in shares of Five9, Inc. (NASDAQ:FIVN) in the 2nd quarter, Holdings Channel reports. The fund purchased 100,000 shares of the software maker’s stock, valued at approximately $2,648,000. Five9 comprises about 5.1% of P.A.W. Capital Corp’s holdings, making the stock its 6th largest position.

A number of other large investors have also modified their holdings of the company. Herald Investment Management Ltd boosted its stake in Five9 by 24.4% during the 2nd quarter. Herald Investment Management Ltd now owns 262,000 shares of the software maker’s stock valued at $6,927,000 after purchasing an additional 51,400 shares during the period. Fox Run Management L.L.C. increased its stake in shares of Five9 by 68.7% in the second quarter. Fox Run Management L.L.C. now owns 31,508 shares of the software maker’s stock valued at $834,000 after purchasing an additional 12,826 shares during the period. Gagnon Securities LLC raised its holdings in shares of Five9 by 7.5% during the second quarter. Gagnon Securities LLC now owns 407,452 shares of the software maker’s stock valued at $10,789,000 after buying an additional 28,393 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of Five9 during the second quarter worth approximately $297,000. Finally, WCM Investment Management LLC grew its holdings in Five9 by 6.6% in the 2nd quarter. WCM Investment Management LLC now owns 558,313 shares of the software maker’s stock worth $14,929,000 after buying an additional 34,402 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Price Performance

Shares of Five9 stock opened at $18.59 on Wednesday. Five9, Inc. has a 52 week low of $17.97 and a 52 week high of $49.90. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04. The stock has a market cap of $1.45 billion, a PE ratio of 206.58, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The company’s 50-day moving average price is $23.20 and its two-hundred day moving average price is $25.60.

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

Five9 declared that its Board of Directors has authorized a share buyback program on Tuesday, November 11th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the software maker to buy up to 3.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

FIVN has been the topic of several recent analyst reports. Piper Sandler cut their target price on Five9 from $31.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Wall Street Zen cut shares of Five9 from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Five9 in a report on Friday, August 1st. Canaccord Genuity Group restated a “buy” rating and set a $40.00 price target on shares of Five9 in a research report on Friday, August 1st. Finally, Cantor Fitzgerald decreased their price objective on shares of Five9 from $36.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and an average target price of $35.19.

Insider Transactions at Five9

In other news, EVP Panos Kozanian sold 10,860 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $25.87, for a total transaction of $280,948.20. Following the completion of the sale, the executive vice president directly owned 105,315 shares of the company’s stock, valued at $2,724,499.05. This trade represents a 9.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Leena Mansharamani sold 2,969 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $25.85, for a total value of $76,748.65. Following the sale, the chief accounting officer directly owned 41,522 shares in the company, valued at $1,073,343.70. This trade represents a 6.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,738 shares of company stock valued at $1,380,677 in the last 90 days. 1.60% of the stock is owned by corporate 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.