Stanley Laman Group Ltd. Purchases New Stake in Five9, Inc. (NASDAQ:FIVN)

Stanley Laman Group Ltd. purchased a new stake in shares of Five9, Inc. (NASDAQ:FIVN) in the fourth quarter, Holdings Channel reports. The firm purchased 90,733 shares of the software maker’s stock, valued at approximately $7,140,000. Five9 makes up about 1.1% of Stanley Laman Group Ltd.’s portfolio, making the stock its 24th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its holdings in Five9 by 84.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 837,856 shares of the software maker’s stock valued at $65,931,000 after buying an additional 383,002 shares during the last quarter. Vanguard Group Inc. raised its holdings in Five9 by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 7,236,249 shares of the software maker’s stock worth $465,291,000 after purchasing an additional 227,183 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Five9 by 966.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 348,536 shares of the software maker’s stock worth $22,411,000 after purchasing an additional 315,867 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Five9 by 11.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 819,615 shares of the software maker’s stock worth $52,701,000 after purchasing an additional 81,744 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Five9 by 7.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 382,237 shares of the software maker’s stock worth $30,078,000 after purchasing an additional 25,075 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total transaction of $420,435.20. Following the sale, the chief operating officer now owns 129,559 shares in the company, valued at $7,421,139.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.80% of the company’s stock.

Five9 Stock Performance

NASDAQ FIVN traded down $0.36 on Thursday, reaching $59.92. 589,613 shares of the stock were exchanged, compared to its average volume of 1,286,824. Five9, Inc. has a one year low of $51.01 and a one year high of $92.40. The firm has a market capitalization of $4.43 billion, a PE ratio of -53.03 and a beta of 0.83. The company’s 50-day simple moving average is $61.27 and its two-hundred day simple moving average is $68.66. The company has a current ratio of 5.53, a quick ratio of 5.53 and a debt-to-equity ratio of 1.38.

Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. Five9 had a negative net margin of 8.98% and a negative return on equity of 12.51%. The company had revenue of $239.06 million for the quarter, compared to analysts’ expectations of $237.64 million. Analysts expect that Five9, Inc. will post -0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on FIVN shares. Royal Bank of Canada started coverage on shares of Five9 in a report on Friday, March 15th. They issued an “outperform” rating and a $80.00 price objective for the company. Canaccord Genuity Group decreased their price target on shares of Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Monday. Barclays decreased their price target on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. KeyCorp decreased their price target on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Finally, Wells Fargo & Company decreased their price target on shares of Five9 from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $86.13.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.