Loomis Sayles & Co. L P Has $19.14 Million Stake in Five9, Inc. (NASDAQ:FIVN)

Loomis Sayles & Co. L P raised its stake in Five9, Inc. (NASDAQ:FIVN) by 20.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 470,909 shares of the software maker’s stock after buying an additional 80,689 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Five9 were worth $19,138,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in Five9 by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker’s stock valued at $156,000 after buying an additional 365 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Five9 by 2.0% in the fourth quarter. Arizona State Retirement System now owns 21,694 shares of the software maker’s stock valued at $882,000 after purchasing an additional 424 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares during the last quarter. Xponance Inc. lifted its position in shares of Five9 by 6.1% during the fourth quarter. Xponance Inc. now owns 9,421 shares of the software maker’s stock valued at $383,000 after purchasing an additional 539 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Five9 by 3.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,739 shares of the software maker’s stock worth $802,000 after purchasing an additional 670 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

Insiders Place Their Bets

In other Five9 news, CAO Leena Mansharamani sold 1,135 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the sale, the chief accounting officer now owns 47,165 shares of the company’s stock, valued at $1,424,383. This trade represents a 2.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Burkland sold 12,595 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the transaction, the chief executive officer now directly owns 404,056 shares of the company’s stock, valued at $14,396,515.28. The trade was a 3.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,874 shares of company stock worth $985,446 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FIVN shares. Truist Financial restated a “buy” rating and issued a $65.00 target price on shares of Five9 in a research note on Tuesday, December 17th. Morgan Stanley boosted their price objective on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $65.00 target price on shares of Five9 in a research report on Wednesday, March 19th. Piper Sandler boosted their price target on shares of Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $52.00 price objective on shares of Five9 in a report on Monday, March 17th. Six 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.76.

Five9 Stock Performance

NASDAQ:FIVN opened at $27.75 on Friday. The business’s fifty day moving average is $36.51 and its 200 day moving average is $35.72. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of -138.74, a PEG ratio of 9.41 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9, Inc. has a 52-week low of $26.60 and a 52-week high of $63.30.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The company had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. Research analysts predict that Five9, Inc. will post 0.28 EPS for the current year.

Five9 Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.