1,107,553 Five9, Inc. $FIVN Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. cut its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 35.6% during the third quarter, HoldingsChannel.com reports. The fund owned 2,002,547 shares of the software maker’s stock after selling 1,107,553 shares during the quarter. Five9 makes up 2.4% of Van Berkom & Associates Inc.’s holdings, making the stock its 15th largest position. Van Berkom & Associates Inc.’s holdings in Five9 were worth $68,107,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC grew its holdings in shares of Five9 by 14.5% during the second quarter. NewEdge Advisors LLC now owns 2,894 shares of the software maker’s stock worth $62,000 after buying an additional 366 shares during the last quarter. Richardson Financial Services Inc. increased its position in Five9 by 30.4% in the 3rd quarter. Richardson Financial Services Inc. now owns 1,746 shares of the software maker’s stock valued at $59,000 after acquiring an additional 407 shares during the period. GAMMA Investing LLC raised its stake in Five9 by 42.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,477 shares of the software maker’s stock valued at $50,000 after acquiring an additional 442 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Five9 by 14.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,019 shares of the software maker’s stock worth $137,000 after acquiring an additional 501 shares during the period. Finally, Choreo LLC lifted its position in Five9 by 2.4% during the 3rd quarter. Choreo LLC now owns 22,659 shares of the software maker’s stock worth $771,000 after acquiring an additional 521 shares during the period. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, President Andy Dignan sold 6,986 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $35.00, for a total transaction of $244,510.00. Following the transaction, the president directly owned 237,614 shares in the company, valued at approximately $8,316,490. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Leena Mansharamani sold 1,253 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $31.53, for a total value of $39,507.09. Following the transaction, the chief accounting officer owned 52,417 shares in the company, valued at $1,652,708.01. This trade represents a 2.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 83,831 shares of company stock worth $2,821,366 in the last three months. Company insiders own 1.20% of the company’s stock.

Five9 Stock Up 2.7%

Shares of NASDAQ FIVN opened at $28.87 on Tuesday. Five9, Inc. has a 1 year low of $13.29 and a 1 year high of $40.00. The firm’s 50 day moving average price is $34.44 and its 200 day moving average price is $24.55. The firm has a market cap of $2.21 billion, a P/E ratio of 25.78 and a beta of 1.56. The company has a debt-to-equity ratio of 0.94, a quick ratio of 4.15 and a current ratio of 4.15.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, November 5th. The software maker reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.02. Five9 had a return on equity of 12.92% and a net margin of 4.94%. The company had revenue of $323.30 million during the quarter, compared to the consensus estimate of $319.04 million. During the same period in the previous year, the firm posted $0.78 EPS. Five9’s revenue was up 13.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Five9, Inc. will post 1.55 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on FIVN. Zacks Research downgraded Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Canaccord Genuity Group boosted their price objective on shares of Five9 from $33.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Piper Sandler upped their price objective on shares of Five9 from $24.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Evercore downgraded shares of Five9 from an “outperform” rating to an “in-line” rating and set a $24.00 price objective for the company. in a research report on Friday. Finally, UBS Group lifted their price objective on Five9 from $36.00 to $48.00 and gave the company a “buy” rating in a report on Friday, October 16th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.94.

Five9 Profile

Five9 provides cloud-based contact center software that helps businesses manage customer service and sales interactions. Its platform supports communications across channels such as phone, email, chat and messaging, and includes tools for routing, reporting and managing customer interactions.

The company also offers artificial intelligence capabilities, including virtual agents and agent-assistance tools, along with workforce engagement and analytics products. These services are designed to help organizations automate routine interactions and support human agents.

Founded in 2001, Five9 serves businesses in the United States and internationally.