Pictet Asset Management Holding SA Has $267.54 Million Stake in Five9, Inc. (NASDAQ:FIVN)

Pictet Asset Management Holding SA lowered its stake in Five9, Inc. (NASDAQ:FIVN) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,583,265 shares of the software maker’s stock after selling 198,126 shares during the quarter. Pictet Asset Management Holding SA owned 8.75% of Five9 worth $267,544,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC grew its holdings in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after purchasing an additional 520 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after purchasing an additional 1,315 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Five9 in the 3rd quarter valued at about $95,000. Venturi Wealth Management LLC increased its position in Five9 by 3,955.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after buying an additional 2,571 shares in the last quarter. Finally, FNY Investment Advisers LLC raised its stake in Five9 by 324.8% during the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock worth $132,000 after buying an additional 2,485 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Trading Down 1.3 %

NASDAQ FIVN opened at $29.32 on Friday. The stock has a 50-day moving average of $36.71 and a 200-day moving average of $35.72. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 1-year low of $26.60 and a 1-year high of $63.39. The firm has a market cap of $2.22 billion, a PE ratio of -146.59, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 EPS 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%. As a group, sell-side analysts forecast that Five9, Inc. will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Truist Financial restated a “buy” rating and set a $65.00 price objective on shares of Five9 in a report on Tuesday, December 17th. Rosenblatt Securities restated a “buy” rating and set a $58.00 price target on shares of Five9 in a research note on Thursday, March 20th. Needham & Company LLC reiterated a “buy” rating and set a $52.00 price objective on shares of Five9 in a report on Monday, March 17th. Royal Bank of Canada restated an “outperform” rating and issued a $65.00 target price on shares of Five9 in a report on Wednesday, March 19th. Finally, Piper Sandler lifted their price target on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Six investment 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 $56.76.

Insider Buying and Selling

In other news, CAO Leena Mansharamani sold 1,135 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the transaction, the chief accounting officer now owns 47,165 shares in the company, valued at $1,424,383. This trade represents a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Andy Dignan sold 2,840 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $94,373.20. Following the completion of the sale, the chief operating officer now owns 194,201 shares in the company, valued at approximately $6,453,299.23. This trade represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,874 shares of company stock valued at $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.