Five9, Inc. $FIVN Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its position in Five9, Inc. (NASDAQ:FIVN) by 10.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,403,371 shares of the software maker’s stock after selling 169,095 shares during the period. First Trust Advisors LP’s holdings in Five9 were worth $21,289,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Five9 by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 10,037,395 shares of the software maker’s stock worth $201,250,000 after buying an additional 759,237 shares during the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of Five9 by 28.0% in the 4th quarter. Van Berkom & Associates Inc. now owns 3,596,380 shares of the software maker’s stock valued at $72,107,000 after acquiring an additional 787,626 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Five9 by 10.3% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,320,745 shares of the software maker’s stock valued at $56,162,000 after acquiring an additional 217,227 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Five9 by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,996,382 shares of the software maker’s stock valued at $40,034,000 after acquiring an additional 37,261 shares in the last quarter. Finally, Anson Funds Management LP raised its position in shares of Five9 by 0.3% during the 4th quarter. Anson Funds Management LP now owns 1,539,371 shares of the software maker’s stock valued at $30,864,000 after acquiring an additional 5,099 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Insider Activity at Five9

In other news, President Andy Dignan sold 8,203 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $24.76, for a total transaction of $203,106.28. Following the completion of the transaction, the president owned 278,760 shares of the company’s stock, valued at approximately $6,902,097.60. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Tiffany N. Meriweather sold 21,320 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $20.98, for a total transaction of $447,293.60. Following the transaction, the insider owned 281,298 shares of the company’s stock, valued at $5,901,632.04. This represents a 7.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 85,820 shares of company stock valued at $2,014,057. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on FIVN. Jefferies Financial Group restated a “hold” rating on shares of Five9 in a research note on Friday, May 1st. UBS Group boosted their target price on shares of Five9 from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Zacks Research raised shares of Five9 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. DA Davidson raised their price target on shares of Five9 from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Barclays lifted their price target on shares of Five9 from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Five9 has a consensus rating of “Moderate Buy” and an average target price of $25.93.

Five9 Trading Up 0.2%

NASDAQ:FIVN opened at $27.17 on Thursday. The firm has a market capitalization of $2.08 billion, a P/E ratio of 41.17, a P/E/G ratio of 1.20 and a beta of 1.46. The business has a 50 day simple moving average of $23.02 and a 200 day simple moving average of $19.38. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.51 and a quick ratio of 4.51. Five9, Inc. has a 12-month low of $13.29 and a 12-month high of $28.51.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, April 30th. The software maker reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $305.32 million for the quarter, compared to analyst estimates of $299.92 million. Five9 had a return on equity of 12.66% and a net margin of 4.87%.The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. Equities research analysts predict that Five9, Inc. will post 1.39 EPS for the current year.

Five9 Profile

Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.

Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.