Segall Bryant & Hamill LLC Buys 87,099 Shares of Five9, Inc. (NASDAQ:FIVN)

Segall Bryant & Hamill LLC raised its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 67.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 215,516 shares of the software maker’s stock after purchasing an additional 87,099 shares during the period. Segall Bryant & Hamill LLC’s holdings in Five9 were worth $8,759,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIVN. Natixis Advisors LLC purchased a new stake in Five9 in the 3rd quarter worth approximately $679,000. Quest Partners LLC purchased a new stake in shares of Five9 in the third quarter worth $95,000. Intech Investment Management LLC purchased a new position in shares of Five9 during the 3rd quarter valued at $281,000. Fisher Asset Management LLC boosted its holdings in Five9 by 14.9% in the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after buying an additional 98,543 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Five9 in the 3rd quarter worth $1,099,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Wall Street Analyst Weigh In

FIVN has been the topic of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $65.00 price objective on shares of Five9 in a research report on Wednesday, March 19th. William Blair restated an “outperform” rating on shares of Five9 in a research note on Thursday, March 13th. Morgan Stanley lifted their price objective on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Barclays upped their target price on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $58.00 price target on shares of Five9 in a report on Thursday, March 20th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and an average target price of $56.76.

Five9 Stock Performance

NASDAQ FIVN opened at $29.70 on Thursday. The business’s 50 day moving average price is $36.85 and its 200-day moving average price is $35.77. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $63.79. The company has a market cap of $2.25 billion, a P/E ratio of -148.49, a P/E/G 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 (NASDAQ:FIVN) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The firm had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. Sell-side analysts predict that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the transaction, the chief executive officer now owns 404,056 shares of the company’s stock, valued at approximately $14,396,515.28. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the sale, the executive vice president now directly owns 126,359 shares of the company’s stock, valued at $4,220,390.60. This represents a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,874 shares of company stock valued at $985,446 in the last ninety days. 1.80% of the stock is owned by company insiders.

Five9 Company 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.