Five9 Inc (NASDAQ:FIVN) Holdings Trimmed by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group decreased its position in shares of Five9 Inc (NASDAQ:FIVN) by 20.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,701 shares of the software maker’s stock after selling 431 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Five9 were worth $90,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of FIVN. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Five9 in the first quarter valued at approximately $8,981,000. Gagnon Securities LLC lifted its stake in Five9 by 4.5% in the first quarter. Gagnon Securities LLC now owns 295,618 shares of the software maker’s stock worth $15,617,000 after acquiring an additional 12,627 shares during the last quarter. Granite Investment Partners LLC raised its holdings in Five9 by 14.9% during the first quarter. Granite Investment Partners LLC now owns 774,838 shares of the software maker’s stock worth $40,935,000 after purchasing an additional 100,234 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in Five9 during the first quarter worth approximately $498,000. Finally, WCM Investment Management LLC acquired a new stake in Five9 during the first quarter worth approximately $1,469,000.

A number of analysts have weighed in on the stock. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. KeyCorp reissued a “hold” rating on shares of Ball in a report on Thursday, May 2nd. Stephens reaffirmed a “hold” rating and issued a $36.00 target price on shares of Allegiance Bancshares in a report on Monday, April 29th. Summit Insights upgraded shares of Five9 from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Northland Securities restated a “buy” rating and set a $280.00 target price on shares of ServiceNow in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $53.54.

In other news, CEO Rowan M. Trollope sold 7,500 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $52.00, for a total transaction of $390,000.00. Following the completion of the transaction, the chief executive officer now owns 431,990 shares of the company’s stock, valued at approximately $22,463,480. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Daniel P. Burkland sold 15,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $50.25, for a total transaction of $753,750.00. Following the transaction, the president now directly owns 190,461 shares of the company’s stock, valued at approximately $9,570,665.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 598,748 shares of company stock valued at $29,860,534. Corporate insiders own 4.90% of the company’s stock.

FIVN stock traded up $1.65 during trading on Friday, hitting $53.51. The stock had a trading volume of 394,881 shares, compared to its average volume of 721,760. The company has a 50 day moving average price of $51.12. Five9 Inc has a 1-year low of $31.64 and a 1-year high of $57.90. The company has a market capitalization of $3.19 billion, a PE ratio of 356.73 and a beta of 0.57. The company has a debt-to-equity ratio of 1.37, a quick ratio of 6.12 and a current ratio of 6.12.

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

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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