Syon Capital LLC Purchases New Position in Five9, Inc. (NASDAQ:FIVN)

Syon Capital LLC purchased a new stake in Five9, Inc. (NASDAQ:FIVN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,200 shares of the software maker’s stock, valued at approximately $645,000.

Several other institutional investors have also bought and sold shares of FIVN. Orion Portfolio Solutions LLC boosted its stake in Five9 by 15.7% in the third quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker’s stock worth $214,000 after purchasing an additional 452 shares in the last quarter. Raymond James Trust N.A. acquired a new position in Five9 in the fourth quarter worth $230,000. Dorsey & Whitney Trust CO LLC boosted its stake in Five9 by 16.6% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,742 shares of the software maker’s stock worth $241,000 after purchasing an additional 533 shares in the last quarter. Teza Capital Management LLC acquired a new position in Five9 in the third quarter worth $252,000. Finally, Toth Financial Advisory Corp acquired a new position in Five9 in the fourth quarter worth $292,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Insider Buying and Selling

In related news, COO Andy Dignan sold 7,340 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total transaction of $420,435.20. Following the completion of the transaction, the chief operating officer now directly owns 129,559 shares in the company, valued at $7,421,139.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

Five9 Trading Down 1.6 %

Shares of Five9 stock traded down $0.94 during trading hours on Friday, hitting $58.98. The company’s stock had a trading volume of 999,777 shares, compared to its average volume of 1,283,280. Five9, Inc. has a 12 month low of $51.01 and a 12 month high of $92.40. The stock has a 50 day moving average of $61.27 and a 200 day moving average of $68.66. The company has a market capitalization of $4.36 billion, a PE ratio of -53.03 and a beta of 0.83. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.53 and a quick ratio of 5.53.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.14. The company had revenue of $239.06 million during the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative return on equity of 12.51% and a negative net margin of 8.98%. Analysts predict that Five9, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

FIVN has been the topic of several research reports. Rosenblatt Securities cut their price target on Five9 from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Five9 in a research note on Thursday, February 22nd. Wells Fargo & Company cut their price target on Five9 from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. Canaccord Genuity Group cut their price target on Five9 from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Piper Sandler upped their price target on Five9 from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, January 12th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.47.

Five9 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.