Five9, Inc. (NASDAQ:FIVN) is Scalar Gauge Management LLC’s 2nd Largest Position

Scalar Gauge Management LLC cut its stake in Five9, Inc. (NASDAQ:FIVN) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 430,516 shares of the software maker’s stock after selling 31,775 shares during the period. Five9 makes up 8.1% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 2nd largest position. Scalar Gauge Management LLC owned about 0.57% of Five9 worth $17,496,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC boosted its holdings in shares of Five9 by 155.7% in the 4th 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. Steward Partners Investment Advisory LLC boosted its holdings in Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after acquiring an additional 1,315 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after acquiring an additional 2,571 shares during the last quarter. FNY Investment Advisers LLC grew its position in Five9 by 324.8% during the fourth quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock valued at $132,000 after acquiring an additional 2,485 shares during the period. Finally, KBC Group NV increased its stake in Five9 by 49.2% during the fourth quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock worth $137,000 after acquiring an additional 1,113 shares during the last quarter. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Piper Sandler lifted their price objective on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Truist Financial reaffirmed a “buy” rating and set a $65.00 price target on shares of Five9 in a research report on Tuesday, December 17th. Rosenblatt Securities reissued a “buy” rating and issued a $58.00 target price on shares of Five9 in a research note on Thursday, March 20th. William Blair reaffirmed an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $52.00 price objective on shares of Five9 in a research report on Monday, March 17th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.76.

Five9 Price Performance

FIVN opened at $27.75 on Monday. The company has a market capitalization of $2.10 billion, a P/E ratio of -138.74, a PEG ratio of 9.41 and a beta of 1.01. The company has a 50-day moving average of $36.51 and a 200-day moving average of $35.84. 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 1-year low of $26.60 and a 1-year high of $63.30.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data 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 firm had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. Equities analysts expect that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $35.63, for a total transaction of $448,759.85. Following the completion of the transaction, the chief executive officer now owns 404,056 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Leena Mansharamani sold 1,517 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $50,409.91. Following the completion of the sale, the chief accounting officer now owns 48,300 shares in the company, valued at approximately $1,605,009. This represents a 3.05 % 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 worth $985,446 over the last ninety days. 1.80% of the stock is owned by 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.