First Washington CORP Acquires 22,194 Shares of Five9, Inc. (NASDAQ:FIVN)

First Washington CORP boosted its stake in Five9, Inc. (NASDAQ:FIVN) by 74.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,944 shares of the software maker’s stock after acquiring an additional 22,194 shares during the period. First Washington CORP owned 0.07% of Five9 worth $2,291,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Nordea Investment Management AB purchased a new stake in shares of Five9 in the 1st quarter worth about $3,239,000. Alberta Investment Management Corp bought a new stake in Five9 during the 4th quarter valued at approximately $2,254,000. Neo Ivy Capital Management purchased a new position in shares of Five9 during the 2nd quarter worth approximately $2,177,000. Trexquant Investment LP bought a new position in shares of Five9 in the 4th quarter worth approximately $1,364,000. Finally, Tairen Capital Ltd bought a new position in shares of Five9 in the 4th quarter worth approximately $5,836,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Five9

In other news, CEO Michael Burkland sold 12,595 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total value of $381,250.65. Following the transaction, the chief executive officer now owns 253,488 shares of the company’s stock, valued at $7,673,081.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.27, for a total value of $381,250.65. Following the completion of the transaction, the chief executive officer now owns 253,488 shares of the company’s stock, valued at approximately $7,673,081.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Barry Zwarenstein sold 6,207 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $45.01, for a total value of $279,377.07. Following the sale, the chief financial officer now directly owns 85,121 shares in the company, valued at $3,831,296.21. The disclosure for this sale can be found here. Insiders sold 45,337 shares of company stock worth $1,491,971 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Five9 Stock Down 1.4 %

Five9 stock opened at $28.39 on Wednesday. Five9, Inc. has a one year low of $26.60 and a one year high of $92.40. The stock has a fifty day moving average of $36.64 and a 200 day moving average of $47.23. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. The stock has a market cap of $2.10 billion, a PE ratio of -33.40 and a beta of 0.86.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.14. The firm had revenue of $252.09 million during the quarter, compared to analyst estimates of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. As a group, sell-side analysts predict that Five9, Inc. will post -0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FIVN shares. Barclays lowered their price objective on Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. StockNews.com raised shares of Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Wells Fargo & Company dropped their price target on Five9 from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Roth Mkm lowered their price objective on Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Bank of America raised Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Monday, August 5th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.35.

Five9 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.