Five9, Inc. (NASDAQ:FIVN) Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp lifted its position in Five9, Inc. (NASDAQ:FIVN) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,986 shares of the software maker’s stock after purchasing an additional 4,820 shares during the period. King Luther Capital Management Corp’s holdings in Five9 were worth $3,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its stake in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after purchasing an additional 1,315 shares during the period. Quest Partners LLC acquired a new position in shares of Five9 in the 3rd quarter valued at $95,000. Venturi Wealth Management LLC lifted its stake in shares of Five9 by 3,955.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after purchasing an additional 2,571 shares during the period. Finally, FNY Investment Advisers LLC lifted its stake in shares of Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock valued at $132,000 after purchasing an additional 2,485 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Five9 news, CAO Leena Mansharamani sold 1,517 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $50,409.91. Following the transaction, the chief accounting officer now owns 48,300 shares of the company’s stock, valued at $1,605,009. This represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the transaction, the chief executive officer now directly owns 404,056 shares in the company, valued at $14,396,515.28. The trade was a 3.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,039 shares of company stock valued at $930,029. 1.80% of the stock is currently owned by insiders.

Five9 Price Performance

Five9 stock opened at $29.59 on Thursday. The company has a fifty day simple moving average of $38.67 and a 200-day simple moving average of $35.88. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of -147.94, a PEG ratio of 9.41 and a beta of 1.01. Five9, Inc. has a 52-week low of $26.60 and a 52-week high of $63.79.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). The firm had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. On average, equities analysts anticipate that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Rosenblatt Securities boosted their target price on shares of Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Truist Financial reissued a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Needham & Company LLC reissued a “buy” rating and issued a $52.00 price target on shares of Five9 in a report on Friday, February 21st. William Blair reissued an “outperform” rating on shares of Five9 in a report on Friday, February 21st. Finally, Barclays boosted their price target on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Five9 has a consensus rating of “Moderate Buy” and a consensus price target of $57.65.

About Five9

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.