Five9 Inc (FIVN) Shares Bought by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC boosted its stake in Five9 Inc (NASDAQ:FIVN) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 491,333 shares of the software maker’s stock after purchasing an additional 9,535 shares during the quarter. Conestoga Capital Advisors LLC owned about 0.82% of Five9 worth $25,957,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Five9 by 0.9% during the third quarter. BlackRock Inc. now owns 4,111,151 shares of the software maker’s stock worth $179,617,000 after acquiring an additional 38,488 shares during the last quarter. Credit Suisse AG boosted its position in Five9 by 23.5% in the third quarter. Credit Suisse AG now owns 70,522 shares of the software maker’s stock valued at $3,081,000 after buying an additional 13,433 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Five9 by 30.5% in the third quarter. JPMorgan Chase & Co. now owns 258,063 shares of the software maker’s stock valued at $11,275,000 after buying an additional 60,250 shares during the last quarter. Deutsche Bank AG boosted its position in Five9 by 49.7% in the third quarter. Deutsche Bank AG now owns 738,948 shares of the software maker’s stock valued at $32,282,000 after buying an additional 245,233 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Five9 by 148.8% in the third quarter. Jane Street Group LLC now owns 34,114 shares of the software maker’s stock valued at $1,490,000 after buying an additional 20,403 shares during the last quarter. Institutional investors and hedge funds own 99.87% of the company’s stock.

Five9 stock traded up $0.05 during mid-day trading on Friday, hitting $50.14. The company had a trading volume of 770,202 shares, compared to its average volume of 645,499. The company has a current ratio of 6.12, a quick ratio of 6.12 and a debt-to-equity ratio of 1.37. The firm has a market cap of $2.99 billion, a PE ratio of 334.27 and a beta of 0.59. Five9 Inc has a 12-month low of $29.71 and a 12-month high of $57.90.

Five9 (NASDAQ:FIVN) last announced its earnings results on Wednesday, May 1st. The software maker reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The business had revenue of $74.54 million during the quarter, compared to the consensus estimate of $70.81 million. Five9 had a positive return on equity of 8.35% and a negative net margin of 0.56%. The business’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 EPS. On average, equities research analysts forecast that Five9 Inc will post -0.03 EPS for the current year.

A number of brokerages recently commented on FIVN. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Tuesday, March 19th. BidaskClub upgraded Five9 from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 16th. Needham & Company LLC upped their price objective on Five9 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Craig Hallum lowered their price objective on Five9 from $64.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, February 20th. Finally, Canaccord Genuity upped their price objective on Five9 from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $53.54.

In related news, Director Michael Burkland sold 1,700 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $56.01, for a total value of $95,217.00. Following the completion of the transaction, the director now directly owns 82,171 shares of the company’s stock, valued at approximately $4,602,397.71. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott Welch sold 1,412 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $49.07, for a total value 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 $3,745,464.03. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 636,332 shares of company stock valued at $32,865,472. Corporate insiders own 5.10% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.baseballdailydigest.com/news/2019/05/11/conestoga-capital-advisors-llc-buys-9535-shares-of-five9-inc-fivn.html.

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.

Read More: What is a conference call?

Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.