Headlands Technologies LLC Has $42,000 Position in Five9, Inc. (NASDAQ:FIVN)

Headlands Technologies LLC increased its stake in Five9, Inc. (NASDAQ:FIVN) by 136.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 531 shares of the software maker’s stock after purchasing an additional 306 shares during the quarter. Headlands Technologies LLC’s holdings in Five9 were worth $42,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Stanley Laman Group Ltd. acquired a new position in shares of Five9 during the fourth quarter worth approximately $7,140,000. Syon Capital LLC acquired a new position in shares of Five9 during the fourth quarter worth approximately $645,000. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Five9 by 49.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 53,694 shares of the software maker’s stock worth $4,225,000 after buying an additional 17,870 shares during the last quarter. Valliance Asset Management Ltd acquired a new position in shares of Five9 during the fourth quarter worth approximately $488,000. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Five9 during the fourth quarter worth approximately $966,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Andy Dignan sold 7,340 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value of $420,435.20. Following the transaction, the chief operating officer now owns 129,559 shares in the company, valued at $7,421,139.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.80% of the company’s stock.

Five9 Price Performance

Five9 stock opened at $58.24 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 5.53 and a current ratio of 5.53. The firm has a market cap of $4.30 billion, a P/E ratio of -51.54 and a beta of 0.83. The business’s fifty day moving average is $60.20 and its two-hundred day moving average is $68.58. Five9, Inc. has a 52 week low of $51.01 and a 52 week high of $92.40.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. The company had revenue of $239.06 million for the quarter, compared to analyst estimates of $237.64 million. Five9 had a negative return on equity of 12.51% and a negative net margin of 8.98%. Equities research analysts forecast that Five9, Inc. will post -0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FIVN shares. Wells Fargo & Company cut their price target on Five9 from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Five9 in a research report on Thursday, February 22nd. KeyCorp lowered their price objective on Five9 from $93.00 to $86.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. Royal Bank of Canada started coverage on Five9 in a research report on Friday, March 15th. They set an “outperform” rating and a $80.00 price objective on the stock. Finally, Rosenblatt Securities lowered their price objective on Five9 from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.47.

About Five9

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.