MetLife Investment Advisors LLC reduced its position in Five9 Inc (NASDAQ:FIVN) by 35.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,673 shares of the software maker’s stock after selling 13,767 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Five9 were worth $1,079,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Flinton Capital Management LLC purchased a new position in Five9 during the fourth quarter valued at approximately $30,000. Mckinley Capital Management LLC Delaware purchased a new position in Five9 during the fourth quarter valued at approximately $34,000. Private Capital Group LLC increased its holdings in Five9 by 263.4% during the fourth quarter. Private Capital Group LLC now owns 1,061 shares of the software maker’s stock valued at $46,000 after buying an additional 769 shares during the period. Bank of Montreal Can increased its holdings in Five9 by 58.3% during the fourth quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock valued at $49,000 after buying an additional 418 shares during the period. Finally, Strs Ohio increased its holdings in Five9 by 112.5% during the fourth quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock valued at $148,000 after buying an additional 1,800 shares during the period.
In other Five9 news, CFO Barry Zwarenstein sold 8,500 shares of Five9 stock in a transaction on Friday, February 1st. The shares were sold at an average price of $51.41, for a total value of $436,985.00. Following the completion of the transaction, the chief financial officer now owns 92,599 shares of the company’s stock, valued at $4,760,514.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott Welch sold 1,412 shares of Five9 stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $49.07, for a total transaction of $69,286.84. Following the completion of the transaction, the executive vice president now directly owns 76,329 shares of the company’s stock, valued at approximately $3,745,464.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 303,289 shares of company stock valued at $16,187,295. 5.10% of the stock is currently owned by corporate insiders.
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, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.10. Five9 had a negative net margin of 0.09% and a positive return on equity of 7.20%. The firm had revenue of $72.34 million during the quarter, compared to analysts’ expectations of $66.53 million. As a group, equities 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 analyst reports. Morgan Stanley set a $58.00 target price on shares of Five9 and gave the company a “buy” rating in a research note on Wednesday, February 20th. Needham & Company LLC raised their target price on shares of Five9 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. Craig Hallum lowered their target price on shares of Five9 from $64.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, February 20th. Canaccord Genuity raised their target price on shares of Five9 from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. They noted that the move was a valuation call. Finally, SunTrust Banks raised their target price on shares of Five9 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $52.38.
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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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