Suntrust Banks Inc. Has $904,000 Stake in Five9 Inc (NASDAQ:FIVN)

Suntrust Banks Inc. cut its position in shares of Five9 Inc (NASDAQ:FIVN) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,698 shares of the software maker’s stock after selling 218 shares during the quarter. Suntrust Banks Inc.’s holdings in Five9 were worth $904,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Flinton Capital Management LLC bought a new position in Five9 in the 4th quarter worth approximately $30,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of Five9 during the 4th quarter valued at $34,000. Private Capital Group LLC raised its position in shares of Five9 by 263.4% during the 4th quarter. Private Capital Group LLC now owns 1,061 shares of the software maker’s stock valued at $46,000 after acquiring an additional 769 shares during the last quarter. Bank of Montreal Can raised its position in shares of Five9 by 58.3% during the 4th quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock valued at $49,000 after acquiring an additional 418 shares during the last quarter. Finally, Strs Ohio raised its position in shares of Five9 by 112.5% during the 4th quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock valued at $148,000 after acquiring an additional 1,800 shares during the last quarter.

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. The company has a debt-to-equity ratio of 1.41, a current ratio of 6.96 and a quick ratio of 6.96. Five9 Inc has a 52 week low of $26.92 and a 52 week high of $57.90. The stock has a market capitalization of $2.96 billion, a PE ratio of 330.33 and a beta of 0.62.

Five9 (NASDAQ:FIVN) last issued its earnings results on Tuesday, February 19th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.10. The company had revenue of $72.34 million for the quarter, compared to analysts’ expectations of $66.53 million. Five9 had a negative net margin of 0.09% and a positive return on equity of 7.20%. On average, analysts anticipate that Five9 Inc will post -0.05 earnings per share for the current fiscal year.

FIVN has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, January 1st. Stephens reiterated a “hold” rating and set a $48.00 target price on shares of Five9 in a research report on Tuesday, February 19th. JPMorgan Chase & Co. boosted their price target on shares of Five9 to $58.00 and gave the company a “neutral” rating in a report on Wednesday, February 20th. They noted that the move was a valuation call. Barclays boosted their price target on shares of Five9 to $57.00 and gave the company an “equal weight” rating in a report on Wednesday, February 20th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of Five9 from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $52.38.

In other Five9 news, President Daniel P. Burkland sold 15,000 shares of the stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $46.51, for a total transaction of $697,650.00. Following the transaction, the president now owns 159,869 shares in the company, valued at approximately $7,435,507.19. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Scott Welch sold 1,032 shares of the stock in a transaction that occurred on Wednesday, January 23rd. The stock was sold at an average price of $46.17, for a total transaction of $47,647.44. Following the transaction, the executive vice president now owns 63,831 shares in the company, valued at approximately $2,947,077.27. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 303,289 shares of company stock worth $16,126,045. 5.10% of the stock is owned by insiders.

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Five9 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.

Further Reading: Net Asset Value

Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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