Five9 Inc (FIVN) Stake Lowered by Brinker Capital Inc.

Brinker Capital Inc. trimmed its holdings in Five9 Inc (NASDAQ:FIVN) by 27.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,140 shares of the software maker’s stock after selling 1,914 shares during the quarter. Brinker Capital Inc.’s holdings in Five9 were worth $225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caxton Associates LP bought a new position in shares of Five9 in the 4th quarter worth approximately $206,000. Intrinsic Edge Capital Management LLC increased its holdings in Five9 by 44.3% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 208,045 shares of the software maker’s stock worth $9,096,000 after acquiring an additional 63,823 shares in the last quarter. Polar Capital LLP increased its holdings in Five9 by 34.4% in the 4th quarter. Polar Capital LLP now owns 719,132 shares of the software maker’s stock worth $31,440,000 after acquiring an additional 184,003 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in Five9 by 17.7% in the 4th quarter. Lord Abbett & CO. LLC now owns 2,354,893 shares of the software maker’s stock worth $102,956,000 after acquiring an additional 354,363 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Five9 by 9.8% in the 4th quarter. Geode Capital Management LLC now owns 653,681 shares of the software maker’s stock worth $28,578,000 after acquiring an additional 58,150 shares in the last quarter.

In other Five9 news, Director Michael Burkland sold 1,700 shares of Five9 stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $56.01, for a total value of $95,217.00. Following the transaction, the director now owns 82,171 shares in the company, valued at $4,602,397.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Daniel P. Burkland sold 15,000 shares of Five9 stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $46.51, for a total value of $697,650.00. Following the completion of the transaction, the president now owns 159,869 shares in the company, valued at approximately $7,435,507.19. The disclosure for this sale can be found here. Insiders sold 303,289 shares of company stock worth $16,126,045 in the last quarter. 5.10% of the stock is owned by insiders.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Five9 from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. BidaskClub lowered shares of Five9 from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Morgan Stanley set a $58.00 target price on shares of Five9 and gave the company a “buy” rating in a report on Wednesday, February 20th. Bank of America reissued an “underperform” rating and issued a $33.00 target price (up from $28.00) on shares of Five9 in a report on Wednesday, February 20th. Finally, Needham & Company LLC raised their target price on shares of Five9 to $65.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $52.38.

Shares of NASDAQ:FIVN traded down $0.28 on Friday, hitting $49.55. 460,437 shares of the company’s stock were exchanged, compared to its average volume of 723,453. Five9 Inc has a 12 month low of $26.92 and a 12 month high of $57.90. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 330.33 and a beta of 0.62. The company has a current ratio of 6.96, a quick ratio of 6.96 and a debt-to-equity ratio of 1.41.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Tuesday, February 19th. The software maker reported $0.11 EPS for the quarter, beating the consensus estimate of $0.01 by $0.10. The firm had revenue of $72.34 million for the quarter, compared to analyst estimates of $66.53 million. Five9 had a positive return on equity of 7.20% and a negative net margin of 0.09%. As a group, equities research analysts predict that Five9 Inc will post -0.05 EPS for the current fiscal year.

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Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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