Herald Investment Management Ltd lowered its stake in Five9 Inc (NASDAQ:FIVN) by 18.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 236,000 shares of the software maker’s stock after selling 53,000 shares during the quarter. Five9 comprises 2.3% of Herald Investment Management Ltd’s portfolio, making the stock its 15th biggest holding. Herald Investment Management Ltd’s holdings in Five9 were worth $8,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC bought a new stake in Five9 during the 1st quarter valued at approximately $175,000. Great West Life Assurance Co. Can raised its stake in Five9 by 81.0% during the 2nd quarter. Great West Life Assurance Co. Can now owns 5,407 shares of the software maker’s stock valued at $187,000 after purchasing an additional 2,419 shares during the period. ETRADE Capital Management LLC bought a new stake in Five9 during the 1st quarter valued at approximately $208,000. Amalgamated Bank bought a new stake in Five9 during the 1st quarter valued at approximately $213,000. Finally, Silvant Capital Management LLC purchased a new position in Five9 during the 1st quarter valued at approximately $214,000. 96.30% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on FIVN shares. BidaskClub upgraded Five9 from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Needham & Company LLC raised their price target on Five9 to $38.00 and gave the company a “buy” rating in a report on Tuesday, May 29th. Northland Securities restated a “buy” rating and set a $48.00 price target on shares of Five9 in a report on Tuesday, August 7th. Canaccord Genuity restated a “buy” rating and set a $42.00 price target (up previously from $34.00) on shares of Five9 in a report on Tuesday, August 7th. Finally, Barclays raised their price target on Five9 from $38.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, September 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Five9 presently has an average rating of “Buy” and a consensus target price of $39.36.

NASDAQ FIVN opened at $46.74 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 6.96 and a current ratio of 6.96. Five9 Inc has a 1-year low of $21.20 and a 1-year high of $49.50.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Monday, August 6th. The software maker reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The business had revenue of $61.12 million during the quarter, compared to analysts’ expectations of $56.42 million. Five9 had a negative return on equity of 3.56% and a negative net margin of 1.04%. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. research analysts forecast that Five9 Inc will post -0.05 EPS for the current year.

In other news, CFO Barry Zwarenstein sold 10,000 shares of Five9 stock in a transaction that occurred on Monday, June 25th. The stock was sold at an average price of $34.33, for a total value of $343,300.00. Following the completion of the transaction, the chief financial officer now owns 189,710 shares in the company, valued at approximately $6,512,744.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Daniel P. Burkland sold 5,584 shares of Five9 stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $47.36, for a total value of $264,458.24. Following the completion of the transaction, the president now owns 155,091 shares of the company’s stock, valued at approximately $7,345,109.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,605 shares of company stock valued at $3,334,392. Company insiders own 5.10% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It 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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