RiverPark Advisors LLC Has $1.75 Million Holdings in Five9, Inc. (NASDAQ:FIVN)

RiverPark Advisors LLC increased its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 29.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,162 shares of the software maker’s stock after buying an additional 6,371 shares during the quarter. Five9 accounts for about 1.4% of RiverPark Advisors LLC’s investment portfolio, making the stock its 25th largest position. RiverPark Advisors LLC’s holdings in Five9 were worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Arcadia Investment Management Corp MI lifted its position in shares of Five9 by 46.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after buying an additional 144 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its position in shares of Five9 by 139.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after buying an additional 279 shares during the period. Headlands Technologies LLC lifted its position in shares of Five9 by 136.0% during the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after buying an additional 306 shares during the period. Intrust Bank NA bought a new position in shares of Five9 during the 4th quarter worth approximately $202,000. Finally, Inceptionr LLC bought a new position in shares of Five9 during the 4th quarter worth approximately $215,000. Institutional investors own 96.64% of the company’s stock.

Five9 Trading Down 1.7 %

Shares of NASDAQ FIVN traded down $0.71 during midday trading on Tuesday, hitting $41.81. The stock had a trading volume of 998,799 shares, compared to its average volume of 1,309,555. The company’s 50-day simple moving average is $47.47 and its 200 day simple moving average is $60.78. The firm has a market cap of $3.09 billion, a P/E ratio of -49.19 and a beta of 0.82. Five9, Inc. has a fifty-two week low of $39.07 and a fifty-two week high of $92.40. The company has a debt-to-equity ratio of 2.41, a current ratio of 7.02 and a quick ratio of 7.02.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, May 2nd. The software maker reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.13. The company had revenue of $247.01 million during the quarter, compared to analysts’ expectations of $239.72 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. Research analysts anticipate that Five9, Inc. will post -0.3 EPS for the current year.

Insider Buying and Selling

In related news, CAO Leena Mansharamani sold 1,542 shares of Five9 stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.27, for a total transaction of $71,348.34. Following the completion of the sale, the chief accounting officer now directly owns 38,267 shares of the company’s stock, valued at $1,770,614.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Barry Zwarenstein sold 10,291 shares of Five9 stock in a transaction on Monday, June 10th. The stock was sold at an average price of $42.64, for a total transaction of $438,808.24. Following the completion of the sale, the chief financial officer now directly owns 107,255 shares of the company’s stock, valued at $4,573,353.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Leena Mansharamani sold 1,542 shares of Five9 stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.27, for a total value of $71,348.34. Following the sale, the chief accounting officer now directly owns 38,267 shares of the company’s stock, valued at $1,770,614.09. The disclosure for this sale can be found here. Insiders sold a total of 44,541 shares of company stock valued at $2,024,537 over the last three months. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

FIVN has been the subject of several analyst reports. Wells Fargo & Company cut their target price on Five9 from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, June 10th. Rosenblatt Securities restated a “buy” rating and set a $80.00 target price on shares of Five9 in a research report on Friday, May 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Five9 in a research report on Thursday, June 6th. UBS Group cut their price objective on Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Finally, Morgan Stanley cut their price objective on Five9 from $70.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, June 14th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.71.

Five9 Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.