Five9, Inc. (NASDAQ:FIVN) Stake Lifted by Sylebra Capital LLC

Sylebra Capital LLC lifted its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,347,108 shares of the software maker’s stock after purchasing an additional 34,681 shares during the period. Five9 accounts for 4.8% of Sylebra Capital LLC’s investment portfolio, making the stock its 7th biggest holding. Sylebra Capital LLC owned approximately 3.18% of Five9 worth $145,779,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Arcadia Investment Management Corp MI increased its stake in shares of Five9 by 46.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after purchasing an additional 144 shares in the last quarter. US Bancorp DE raised its holdings in Five9 by 1.4% during the 4th quarter. US Bancorp DE now owns 17,032 shares of the software maker’s stock valued at $1,340,000 after acquiring an additional 228 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its position in shares of Five9 by 139.5% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after acquiring an additional 279 shares in the last quarter. Headlands Technologies LLC boosted its holdings in shares of Five9 by 136.0% in the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after acquiring an additional 306 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in shares of Five9 by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 31,537 shares of the software maker’s stock valued at $2,482,000 after purchasing an additional 310 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

Five9 Trading Down 1.9 %

Shares of NASDAQ FIVN traded down $0.89 during midday trading on Tuesday, hitting $45.04. 1,262,307 shares of the company traded hands, compared to its average volume of 1,297,125. Five9, Inc. has a 12-month low of $39.07 and a 12-month high of $92.40. The firm has a market cap of $3.33 billion, a P/E ratio of -52.99 and a beta of 0.82. The stock has a 50-day moving average price of $44.04 and a 200 day moving average price of $57.02. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group cut their price target on shares of Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Wells Fargo & Company decreased their target price on Five9 from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, June 10th. Barclays dropped their price target on Five9 from $95.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Morgan Stanley decreased their price objective on shares of Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, June 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Five9 in a research report on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.29.

Insider Transactions at Five9

In related news, CFO Barry Zwarenstein sold 6,207 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $45.01, for a total transaction of $279,377.07. Following the completion of the sale, the chief financial officer now owns 85,121 shares of the company’s stock, valued at $3,831,296.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Five9 news, CFO Barry Zwarenstein sold 6,207 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $45.01, for a total value of $279,377.07. Following the completion of the transaction, the chief financial officer now owns 85,121 shares of the company’s stock, valued at approximately $3,831,296.21. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Panos Kozanian sold 6,893 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $319,145.90. Following the sale, the executive vice president now directly owns 94,477 shares in the company, valued at approximately $4,374,285.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,748 shares of company stock valued at $2,303,914. Insiders own 1.80% of the company’s stock.

Five9 Company 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.