AE Wealth Management LLC purchased a new position in Five9 Inc (NASDAQ:FIVN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,214 shares of the software maker’s stock, valued at approximately $399,000.

Other institutional investors have also recently made changes to their positions in the company. Freestone Capital Holdings LLC purchased a new stake in shares of Five9 in the fourth quarter worth about $13,121,000. Sowell Financial Services LLC lifted its holdings in shares of Five9 by 203.3% in the fourth quarter. Sowell Financial Services LLC now owns 1,462 shares of the software maker’s stock worth $96,000 after buying an additional 980 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Five9 in the fourth quarter worth about $189,000. Creative Planning purchased a new stake in shares of Five9 in the first quarter worth about $231,000. Finally, First Mercantile Trust Co. purchased a new stake in shares of Five9 in the fourth quarter worth about $244,000.

A number of brokerages recently weighed in on FIVN. Morgan Stanley raised their target price on shares of Five9 from $62.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. raised their target price on shares of Five9 from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. ValuEngine downgraded shares of Five9 from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. Barclays raised their target price on shares of Five9 from $71.00 to $79.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Finally, BTIG Research began coverage on shares of Five9 in a research note on Thursday, April 16th. They issued a “buy” rating and a $100.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $92.41.

In other news, CFO Barry Zwarenstein sold 8,500 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $53.97, for a total value of $458,745.00. Following the transaction, the chief financial officer now owns 114,790 shares in the company, valued at $6,195,216.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Daniel P. Burkland sold 1,155 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $73.35, for a total transaction of $84,719.25. Following the completion of the transaction, the president now owns 117,682 shares in the company, valued at approximately $8,631,974.70. The disclosure for this sale can be found here. Insiders sold 181,112 shares of company stock worth $14,146,493 in the last 90 days. Company insiders own 3.00% of the company’s stock.

Shares of NASDAQ FIVN opened at $104.71 on Friday. Five9 Inc has a one year low of $46.08 and a one year high of $107.96. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.54 and a quick ratio of 5.54. The firm’s 50 day simple moving average is $92.52 and its two-hundred day simple moving average is $74.61. The stock has a market capitalization of $6.41 billion, a P/E ratio of 1,033.40 and a beta of 0.73.

Five9 (NASDAQ:FIVN) last issued its earnings results on Monday, May 4th. The software maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. Five9 had a negative net margin of 2.89% and a positive return on equity of 3.21%. The firm had revenue of $95.10 million for the quarter, compared to analysts’ expectations of $89.58 million. During the same quarter last year, the business earned $0.16 earnings per share. The business’s revenue was up 27.7% on a year-over-year basis. As a group, equities analysts expect that Five9 Inc will post -0.18 earnings per share for the current fiscal year.

Five9 Profile

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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