ProShare Advisors LLC Has $611,000 Stake in Five9, Inc. $FIVN

ProShare Advisors LLC raised its holdings in Five9, Inc. (NASDAQ:FIVN) by 198.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,080 shares of the software maker’s stock after purchasing an additional 15,346 shares during the quarter. ProShare Advisors LLC’s holdings in Five9 were worth $611,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Five9 by 292.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock valued at $72,745,000 after buying an additional 1,996,628 shares in the last quarter. Voss Capital LP bought a new stake in Five9 during the 1st quarter worth about $28,340,000. Ameriprise Financial Inc. increased its position in Five9 by 14.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker’s stock valued at $74,649,000 after acquiring an additional 353,939 shares in the last quarter. Nuveen LLC acquired a new stake in Five9 in the 1st quarter valued at about $9,008,000. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Five9 by 24.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,564,920 shares of the software maker’s stock worth $42,488,000 after acquiring an additional 308,508 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on FIVN shares. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 price target on shares of Five9 in a research note on Friday, August 1st. DA Davidson reiterated a “neutral” rating and issued a $28.00 price objective on shares of Five9 in a research report on Friday, September 12th. Wall Street Zen downgraded Five9 from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Rosenblatt Securities reaffirmed a “buy” rating and set a $36.00 price target on shares of Five9 in a research note on Friday, August 1st. Finally, Piper Sandler lowered their price objective on Five9 from $31.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Thirteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.19.

Insider Buying and Selling

In related news, President Andy Dignan sold 7,614 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $25.48, for a total value of $194,004.72. Following the sale, the president directly owned 218,125 shares in the company, valued at $5,557,825. This trade represents a 3.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Burkland sold 18,425 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $25.72, for a total transaction of $473,891.00. Following the transaction, the chief executive officer owned 367,562 shares of the company’s stock, valued at approximately $9,453,694.64. This represents a 4.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 53,738 shares of company stock worth $1,380,677 over the last quarter. Insiders own 1.60% of the company’s stock.

Five9 Stock Performance

FIVN stock opened at $18.59 on Wednesday. Five9, Inc. has a twelve month low of $17.97 and a twelve month high of $49.90. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 1.04. The company has a market cap of $1.45 billion, a P/E ratio of 206.58, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The business’s fifty day moving average is $23.20 and its 200-day moving average is $25.60.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. Five9 had a return on equity of 8.91% and a net margin of 0.80%.The business had revenue of $283.27 million during the quarter. Equities research analysts forecast that Five9, Inc. will post 0.28 EPS for the current year.

Five9 announced that its Board of Directors has approved a stock buyback program on Tuesday, November 11th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the software maker to buy up to 3.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Five9 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.