Kennedy Capital Management LLC Grows Stock Position in Five9, Inc. (NASDAQ:FIVN)
Kennedy Capital Management LLC increased its holdings in Five9, Inc. (NASDAQ:FIVN – Free Report) by 179.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,225 shares of the software maker’s stock after buying an additional 75,215 shares during the period. Kennedy Capital Management LLC owned about 0.16% of Five9 worth $9,665,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Handelsbanken Fonder AB boosted its position in shares of Five9 by 38.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 14,695 shares of the software maker’s stock worth $1,212,000 after buying an additional 4,100 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Five9 by 2.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 505,537 shares of the software maker’s stock worth $41,682,000 after buying an additional 10,432 shares in the last quarter. Brown Capital Management LLC boosted its position in shares of Five9 by 4.2% in the 1st quarter. Brown Capital Management LLC now owns 22,110 shares of the software maker’s stock worth $1,598,000 after buying an additional 893 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Five9 in the 2nd quarter worth about $79,000. Finally, G2 Investment Partners Management LLC boosted its position in shares of Five9 by 75.4% in the 1st quarter. G2 Investment Partners Management LLC now owns 60,000 shares of the software maker’s stock worth $4,337,000 after buying an additional 25,792 shares in the last quarter. 96.64% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently commented on FIVN shares. Piper Sandler boosted their price objective on shares of Five9 from $77.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. Truist Financial restated a “buy” rating and issued a $100.00 target price on shares of Five9 in a report on Tuesday, December 5th. Canaccord Genuity Group restated a “buy” rating and issued a $90.00 target price on shares of Five9 in a report on Tuesday, September 19th. Morgan Stanley reduced their target price on shares of Five9 from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, October 19th. Finally, Wells Fargo & Company upped their target price on shares of Five9 from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, December 5th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.33.
Get Our Latest Analysis on FIVN
Insider Buying and Selling
In related news, COO Andy Dignan sold 4,815 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $79.12, for a total transaction of $380,962.80. Following the completion of the sale, the chief operating officer now owns 104,777 shares of the company’s stock, valued at approximately $8,289,956.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company’s stock.
Five9 Trading Down 2.0 %
Shares of FIVN stock opened at $78.81 on Tuesday. The firm has a market cap of $5.73 billion, a P/E ratio of -68.53 and a beta of 0.88. Five9, Inc. has a 1-year low of $51.01 and a 1-year high of $92.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 5.18 and a quick ratio of 5.18. The firm’s 50-day simple moving average is $67.14 and its 200-day simple moving average is $71.76.
Five9 (NASDAQ:FIVN – Get Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.08. The business had revenue of $230.11 million for the quarter, compared to analyst estimates of $224.10 million. Five9 had a negative net margin of 9.44% and a negative return on equity of 14.18%. As a group, equities analysts forecast that Five9, Inc. will post -0.93 EPS for the current year.
About Five9 (Free Report)
Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. The company 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.
Further Reading
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