KLR Investment Advisors LLC Buys Shares of 3,103 Five9, Inc. (NASDAQ:FIVN)

KLR Investment Advisors LLC purchased a new position in Five9, Inc. (NASDAQ:FIVN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,103 shares of the software maker’s stock, valued at approximately $244,000.

Several other hedge funds have also recently made changes to their positions in the stock. TD Asset Management Inc increased its position in Five9 by 2.4% in the third quarter. TD Asset Management Inc now owns 51,604 shares of the software maker’s stock worth $3,318,000 after buying an additional 1,200 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Five9 by 8.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 352,904 shares of the software maker’s stock worth $22,692,000 after acquiring an additional 27,329 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in Five9 by 15.7% during the third quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker’s stock valued at $214,000 after purchasing an additional 452 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its position in shares of Five9 by 14.1% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 35,824 shares of the software maker’s stock worth $2,303,000 after purchasing an additional 4,439 shares during the period. Finally, Mesirow Institutional Investment Management Inc. purchased a new stake in shares of Five9 in the third quarter worth $423,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Trading Down 0.4 %

FIVN stock traded down $0.22 during trading on Friday, hitting $53.65. The company had a trading volume of 30,423 shares, compared to its average volume of 1,295,778. The company has a quick ratio of 7.02, a current ratio of 7.02 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $3.96 billion, a P/E ratio of -63.38 and a beta of 0.85. The company has a 50 day simple moving average of $58.97 and a 200-day simple moving average of $68.20. Five9, Inc. has a 52-week low of $52.64 and a 52-week high of $92.40.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $237.64 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. As a group, research analysts forecast that Five9, Inc. will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total value of $420,435.20. Following the completion of the sale, the chief operating officer now owns 129,559 shares of the company’s stock, valued at approximately $7,421,139.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on FIVN. Barclays dropped their target price on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. KeyCorp cut their target price on Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd. Wells Fargo & Company lowered their price target on Five9 from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Five9 in a research report on Friday. Finally, Morgan Stanley dropped their target price on shares of Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Five9 has an average rating of “Moderate Buy” and a consensus price target of $84.88.

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.