WCM Investment Management LLC Buys Shares of 27,807 Five9 Inc (NASDAQ:FIVN)

WCM Investment Management LLC acquired a new stake in shares of Five9 Inc (NASDAQ:FIVN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,807 shares of the software maker’s stock, valued at approximately $1,469,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its position in Five9 by 3.9% in the 4th quarter. BlackRock Inc. now owns 4,271,831 shares of the software maker’s stock valued at $186,762,000 after purchasing an additional 160,680 shares during the last quarter. Wasatch Advisors Inc. raised its position in Five9 by 39.1% in the 1st quarter. Wasatch Advisors Inc. now owns 2,468,724 shares of the software maker’s stock valued at $130,423,000 after purchasing an additional 694,494 shares during the last quarter. Lord Abbett & CO. LLC raised its position in Five9 by 17.7% in the 4th quarter. Lord Abbett & CO. LLC now owns 2,354,893 shares of the software maker’s stock valued at $102,956,000 after purchasing an additional 354,363 shares during the last quarter. Sylebra HK Co Ltd raised its position in Five9 by 32.9% in the 4th quarter. Sylebra HK Co Ltd now owns 1,947,933 shares of the software maker’s stock valued at $85,164,000 after purchasing an additional 482,346 shares during the last quarter. Finally, Northern Trust Corp raised its position in Five9 by 0.9% in the 4th quarter. Northern Trust Corp now owns 840,429 shares of the software maker’s stock valued at $36,744,000 after purchasing an additional 7,512 shares during the last quarter.

FIVN opened at $51.29 on Friday. The stock’s 50-day moving average is $50.50. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 341.93 and a beta of 0.62. The company has a quick ratio of 6.12, a current ratio of 6.12 and a debt-to-equity ratio of 1.37. Five9 Inc has a 52-week low of $31.64 and a 52-week high of $57.90.

Five9 (NASDAQ:FIVN) last posted its earnings results on Wednesday, May 1st. The software maker reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.05. Five9 had a positive return on equity of 8.35% and a negative net margin of 0.56%. The company had revenue of $74.54 million for the quarter, compared to the consensus estimate of $70.81 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. On average, equities research analysts anticipate that Five9 Inc will post -0.03 earnings per share for the current year.

In other Five9 news, CFO Barry Zwarenstein sold 8,500 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $52.32, for a total transaction of $444,720.00. Following the completion of the sale, the chief financial officer now directly owns 125,405 shares in the company, valued at $6,561,189.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Burkland sold 6,238 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $55.54, for a total value of $346,458.52. Following the sale, the director now owns 90,116 shares of the company’s stock, valued at $5,005,042.64. The disclosure for this sale can be found here. Insiders sold 599,748 shares of company stock worth $29,915,254 in the last ninety days. 4.90% of the stock is owned by company insiders.

Several brokerages have issued reports on FIVN. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Tuesday, March 19th. BidaskClub raised Five9 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 16th. KeyCorp reissued a “hold” rating on shares of Five9 in a research note on Thursday, May 2nd. Northland Securities reissued a “buy” rating on shares of Five9 in a research note on Thursday, May 2nd. Finally, Stephens reissued a “hold” rating and issued a $53.00 target price on shares of Five9 in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Five9 currently has an average rating of “Buy” and a consensus price target of $53.54.

About Five9

Five9, Inc, together with its subsidiaries, provides 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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