Five9 Inc (FIVN) Shares Bought by Swiss National Bank

Swiss National Bank raised its stake in shares of Five9 Inc (NASDAQ:FIVN) by 3.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 95,600 shares of the software maker’s stock after acquiring an additional 3,600 shares during the period. Swiss National Bank’s holdings in Five9 were worth $4,177,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FIVN. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Five9 during the 3rd quarter valued at approximately $513,000. Prudential Financial Inc. grew its holdings in Five9 by 1,105.3% during the 3rd quarter. Prudential Financial Inc. now owns 139,570 shares of the software maker’s stock valued at $6,098,000 after buying an additional 127,990 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in Five9 by 510.9% during the 3rd quarter. Wasatch Advisors Inc. now owns 892,479 shares of the software maker’s stock valued at $38,992,000 after buying an additional 746,394 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Five9 by 30.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 258,063 shares of the software maker’s stock valued at $11,275,000 after buying an additional 60,250 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Five9 by 4,327.3% during the 3rd quarter. SG Americas Securities LLC now owns 223,092 shares of the software maker’s stock valued at $9,747,000 after buying an additional 218,053 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Five9 from $36.00 to $38.00 and gave the company a “hold” rating in a report on Tuesday, August 7th. BidaskClub raised shares of Five9 from a “hold” rating to a “buy” rating in a report on Wednesday, November 28th. Canaccord Genuity reaffirmed a “buy” rating and set a $42.00 price objective (up from $34.00) on shares of Five9 in a report on Tuesday, August 7th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price (up from $45.00) on shares of Five9 in a research report on Thursday, August 23rd. Finally, Zacks Investment Research upgraded Five9 from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $40.92.

In related news, CFO Barry Zwarenstein sold 6,384 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $47.62, for a total value of $304,006.08. Following the completion of the sale, the chief financial officer now directly owns 121,714 shares in the company, valued at $5,796,020.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scott Welch sold 1,032 shares of the firm’s stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $37.74, for a total value of $38,947.68. Following the completion of the sale, the executive vice president now owns 77,993 shares of the company’s stock, valued at $2,943,455.82. The disclosure for this sale can be found here. Insiders have sold a total of 103,709 shares of company stock valued at $4,359,528 over the last quarter. Corporate insiders own 5.10% of the company’s stock.

NASDAQ FIVN opened at $42.88 on Monday. The company has a quick ratio of 6.95, a current ratio of 6.95 and a debt-to-equity ratio of 1.56. The company has a market cap of $2.52 billion, a PE ratio of -252.24, a PEG ratio of 110.66 and a beta of 0.59. Five9 Inc has a one year low of $22.51 and a one year high of $49.50.

Five9 (NASDAQ:FIVN) last posted its earnings results on Tuesday, November 6th. The software maker reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09. The firm had revenue of $65.30 million during the quarter, compared to the consensus estimate of $61.70 million. Five9 had a positive return on equity of 0.88% and a negative net margin of 1.90%. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 EPS. On average, sell-side analysts expect that Five9 Inc will post 0.04 EPS for the current year.

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Five9 Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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