WCM Investment Management LLC Raises Stake in Five9, Inc. (NASDAQ:FIVN)

WCM Investment Management LLC grew its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 35.9% in the fourth quarter, Holdings Channel reports. The fund owned 522,611 shares of the software maker’s stock after acquiring an additional 138,019 shares during the quarter. WCM Investment Management LLC’s holdings in Five9 were worth $21,281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Signaturefd LLC raised its stake in shares of Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after buying an additional 984 shares during the period. KBC Group NV boosted its holdings in Five9 by 49.2% in the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock worth $137,000 after buying an additional 1,113 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Five9 by 13.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker’s stock valued at $548,000 after buying an additional 2,254 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in Five9 by 324.8% during the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock valued at $132,000 after acquiring an additional 2,485 shares during the period. Finally, Ameritas Advisory Services LLC boosted its holdings in shares of Five9 by 40.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 11,005 shares of the software maker’s stock worth $447,000 after acquiring an additional 3,173 shares during the period. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Wall Street Analysts Forecast Growth

FIVN has been the topic of a number of recent analyst reports. DA Davidson increased their price target on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Morgan Stanley upped their target price on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $55.00 to $40.00 in a report on Tuesday, November 12th. Robert W. Baird lifted their target price on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Finally, Truist Financial reissued a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Five9 has a consensus rating of “Moderate Buy” and a consensus price target of $57.50.

Five9 Stock Performance

Shares of NASDAQ:FIVN opened at $40.87 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a market cap of $3.07 billion, a price-to-earnings ratio of -81.74, a price-to-earnings-growth ratio of 9.48 and a beta of 0.93. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $79.43. The company has a 50-day moving average price of $40.76 and a 200-day moving average price of $36.09.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, November 7th. The software maker reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.43). Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. The business had revenue of $264.18 million during the quarter, compared to the consensus estimate of $254.82 million. During the same quarter in the prior year, the business posted ($0.21) earnings per share. As a group, equities analysts anticipate that Five9, Inc. will post 0.11 EPS for the current year.

Insider Buying and Selling

In other Five9 news, COO Andy Dignan sold 4,109 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $171,961.65. Following the completion of the transaction, the chief operating officer now directly owns 115,818 shares in the company, valued at approximately $4,846,983.30. This represents a 3.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total transaction of $320,683.71. Following the sale, the executive vice president now directly owns 69,009 shares in the company, valued at $2,904,588.81. The trade was a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,004 shares of company stock valued at $1,209,279 over the last quarter. 1.80% of the stock is owned by company insiders.

Five9 Profile

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.