Stanley Laman Group Ltd. Acquires New Position in Five9, Inc. (NASDAQ:FIVN)

Stanley Laman Group Ltd. acquired a new stake in Five9, Inc. (NASDAQ:FIVN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 90,733 shares of the software maker’s stock, valued at approximately $7,140,000. Five9 comprises approximately 1.1% of Stanley Laman Group Ltd.’s holdings, making the stock its 24th biggest position. Stanley Laman Group Ltd. owned approximately 0.12% of Five9 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Five9 by 3.2% in the third quarter. Vanguard Group Inc. now owns 7,236,249 shares of the software maker’s stock valued at $465,291,000 after buying an additional 227,183 shares during the last quarter. Sylebra Capital LLC bought a new position in shares of Five9 during the third quarter valued at approximately $129,467,000. Eagle Asset Management Inc. grew its holdings in shares of Five9 by 3.4% during the third quarter. Eagle Asset Management Inc. now owns 1,027,323 shares of the software maker’s stock valued at $66,057,000 after purchasing an additional 33,854 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Five9 by 84.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 837,856 shares of the software maker’s stock valued at $65,931,000 after purchasing an additional 383,002 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Five9 by 11.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 819,615 shares of the software maker’s stock valued at $52,701,000 after purchasing an additional 81,744 shares during the last quarter. 96.64% of the stock is owned by institutional investors.

Insider Transactions at Five9

In other news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total value of $420,435.20. Following the transaction, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by company insiders.

Five9 Stock Down 0.6 %

NASDAQ:FIVN traded down $0.36 during trading hours on Thursday, hitting $59.92. 589,613 shares of the stock traded hands, compared to its average volume of 1,286,824. The firm has a 50 day moving average price of $61.27 and a 200 day moving average price of $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, Inc. has a fifty-two week low of $51.01 and a fifty-two week high of $92.40. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of -53.03 and a beta of 0.83.

Five9 (NASDAQ:FIVN) last announced its earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $237.64 million. Equities research analysts anticipate that Five9, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

FIVN has been the subject of several recent research reports. Canaccord Genuity Group lowered their target price on Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a report on Monday. Piper Sandler boosted their price objective on Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, January 12th. Wells Fargo & Company reduced their price objective on Five9 from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Five9 in a research report on Thursday, February 22nd. Finally, KeyCorp reduced their price objective on Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $86.13.

About Five9

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.