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Five9, Inc. (NASDAQ:FIVN) Shares Bought by Amalgamated Bank

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Amalgamated Bank grew its holdings in shares of Five9, Inc. (NASDAQ:FIVN – Get Rating) by 9.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 15,611 shares of the software maker's stock after acquiring an additional 1,380 shares during the quarter. Amalgamated Bank's holdings in Five9 were worth $1,723,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in Five9 during the 1st quarter worth $41,000. Vestor Capital LLC bought a new stake in shares of Five9 in the 1st quarter worth $42,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Five9 by 29.5% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 448 shares of the software maker's stock worth $50,000 after buying an additional 102 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Five9 by 4,626.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 709 shares of the software maker's stock worth $98,000 after buying an additional 694 shares in the last quarter. Finally, Prospera Financial Services Inc bought a new stake in shares of Five9 in the 1st quarter worth $104,000.

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Insider Transactions at Five9

In other news, CEO Rowan M. Trollope sold 1,483 shares of the company's stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $100.19, for a total transaction of $148,581.77. Following the completion of the sale, the chief executive officer now owns 58,294 shares in the company, valued at approximately $5,840,475.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Barry Zwarenstein sold 10,000 shares of the company's stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $100.07, for a total transaction of $1,000,700.00. Following the completion of the sale, the chief financial officer now owns 78,573 shares in the company, valued at approximately $7,862,800.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Rowan M. Trollope sold 1,483 shares of the company's stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $100.19, for a total value of $148,581.77. Following the sale, the chief executive officer now owns 58,294 shares of the company's stock, valued at approximately $5,840,475.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,555 shares of company stock worth $4,642,927. 2.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FIVN. UBS Group dropped their price objective on Five9 from $180.00 to $135.00 and set a "buy" rating on the stock in a research note on Monday, July 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Five9 in a research report on Monday, August 15th. They set a "hold" rating and a $120.00 target price on the stock. Credit Suisse Group assumed coverage on Five9 in a research report on Friday. They set a "neutral" rating and a $90.00 target price on the stock. Piper Sandler cut their target price on Five9 from $166.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 13th. Finally, MKM Partners assumed coverage on Five9 in a research report on Thursday, August 4th. They set a "buy" rating and a $135.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $142.67.

Five9 Stock Performance

Shares of NASDAQ FIVN opened at $75.16 on Tuesday. The business's 50-day moving average price is $99.55 and its two-hundred day moving average price is $100.18. The company has a debt-to-equity ratio of 3.01, a current ratio of 4.50 and a quick ratio of 4.50. Five9, Inc. has a one year low of $74.48 and a one year high of $170.85. The company has a market capitalization of $5.27 billion, a P/E ratio of -63.69 and a beta of 0.63.

Five9 (NASDAQ:FIVN – Get Rating) last issued its earnings results on Thursday, July 28th. The software maker reported ($0.29) EPS for the quarter, beating analysts' consensus estimates of ($0.34) by $0.05. Five9 had a negative return on equity of 27.15% and a negative net margin of 11.70%. The firm had revenue of $189.38 million for the quarter, compared to the consensus estimate of $180.08 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The business's quarterly revenue was up 31.7% compared to the same quarter last year. Analysts anticipate that Five9, Inc. will post -0.9 earnings per share for the current fiscal year.

About Five9

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Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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.

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