Renaissance Technologies LLC Has $114.85 Million Holdings in Five9 Inc (FIVN)
Renaissance Technologies LLC raised its position in shares of Five9 Inc (NASDAQ:FIVN) by 4.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,628,700 shares of the software maker’s stock after purchasing an additional 117,800 shares during the period. Renaissance Technologies LLC’s holdings in Five9 were worth $114,848,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of FIVN. Wasatch Advisors Inc. lifted its holdings in Five9 by 510.9% during the third quarter. Wasatch Advisors Inc. now owns 892,479 shares of the software maker’s stock valued at $38,992,000 after purchasing an additional 746,394 shares in the last quarter. Sylebra HK Co Ltd purchased a new position in Five9 during the second quarter valued at approximately $24,364,000. BlackRock Inc. lifted its holdings in Five9 by 11.1% during the second quarter. BlackRock Inc. now owns 4,072,663 shares of the software maker’s stock valued at $140,794,000 after purchasing an additional 406,173 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Five9 during the third quarter valued at approximately $16,768,000. Finally, SG Americas Securities LLC lifted its holdings in Five9 by 4,327.3% during the third quarter. SG Americas Securities LLC now owns 223,092 shares of the software maker’s stock valued at $9,747,000 after purchasing an additional 218,053 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.
In other news, President Daniel P. Burkland sold 15,000 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $44.51, for a total value of $667,650.00. Following the transaction, the president now owns 170,091 shares of the company’s stock, valued at $7,570,750.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott Welch sold 1,412 shares of the business’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $46.32, for a total transaction of $65,403.84. Following the completion of the transaction, the executive vice president now directly owns 78,373 shares in the company, valued at approximately $3,630,237.36. The disclosure for this sale can be found here. Insiders sold 120,291 shares of company stock worth $4,906,721 in the last three months. Insiders own 5.10% of the company’s stock.
Five9 (NASDAQ:FIVN) last released its earnings results on Tuesday, November 6th. The software maker reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.09. Five9 had a negative net margin of 1.90% and a positive return on equity of 0.88%. The firm had revenue of $65.30 million for the quarter, compared to the consensus estimate of $61.70 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. On average, equities research analysts predict that Five9 Inc will post 0.04 EPS for the current year.
Several equities analysts have weighed in on FIVN shares. Dougherty & Co started coverage on shares of Five9 in a report on Tuesday, October 16th. They set a “hold” rating on the stock. Zacks Investment Research downgraded shares of Five9 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 25th. BidaskClub downgraded shares of Five9 from a “buy” rating to a “hold” rating in a report on Saturday, September 22nd. Bank of America lifted their price target on shares of Five9 from $25.00 to $28.00 and gave the company an “underperform” rating in a report on Wednesday, November 7th. Finally, Roth Capital lifted their price target on shares of Five9 from $45.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Five9 has a consensus rating of “Buy” and an average target price of $40.92.
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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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