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Raymond James Trust N.A. Acquires 583 Shares of Five9, Inc. (NASDAQ:FIVN)

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Raymond James Trust N.A. increased its holdings in Five9, Inc. (NASDAQ:FIVN – Get Rating) by 30.4% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,502 shares of the software maker's stock after buying an additional 583 shares during the quarter. Raymond James Trust N.A.'s holdings in Five9 were worth $228,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in Five9 by 22.9% in the 1st quarter. Wellington Management Group LLP now owns 3,775,202 shares of the software maker's stock worth $416,783,000 after buying an additional 703,002 shares in the last quarter. Wasatch Advisors Inc. boosted its position in Five9 by 11.3% in the first quarter. Wasatch Advisors Inc. now owns 2,190,058 shares of the software maker's stock worth $241,782,000 after purchasing an additional 221,679 shares during the last quarter. Sylebra Capital Ltd boosted its position in Five9 by 16.2% in the first quarter. Sylebra Capital Ltd now owns 1,499,718 shares of the software maker's stock worth $165,569,000 after purchasing an additional 208,604 shares during the last quarter. Scge Management L.P. boosted its position in Five9 by 175.4% in the first quarter. Scge Management L.P. now owns 1,223,000 shares of the software maker's stock worth $135,019,000 after purchasing an additional 778,928 shares during the last quarter. Finally, Polar Capital Holdings Plc boosted its position in Five9 by 5.8% in the first quarter. Polar Capital Holdings Plc now owns 1,184,388 shares of the software maker's stock worth $130,756,000 after purchasing an additional 64,403 shares during the last quarter.

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Wall Street Analysts Forecast Growth

FIVN has been the topic of several research reports. Credit Suisse Group initiated coverage on Five9 in a research report on Friday, September 23rd. They issued a "neutral" rating and a $90.00 target price on the stock. KeyCorp started coverage on Five9 in a research note on Monday, September 12th. They issued an "overweight" rating and a $124.00 price objective 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. Moffett Nathanson began coverage on Five9 in a research report on Thursday, September 22nd. They issued a "hold" rating and a $103.00 price objective on the stock. Finally, UBS Group cut their price objective on Five9 from $180.00 to $135.00 and set a "buy" rating on the stock in a research report on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $142.67.

Insider Activity

In other news, CEO Rowan M. Trollope sold 517 shares of Five9 stock in a transaction on Friday, July 8th. The stock was sold at an average price of $100.00, for a total value of $51,700.00. Following the completion of the sale, the chief executive officer now directly owns 57,777 shares of the company's stock, valued at $5,777,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Rowan M. Trollope sold 517 shares of the business's stock in a transaction on Friday, July 8th. The stock was sold at an average price of $100.00, for a total transaction of $51,700.00. Following the completion of the transaction, the chief executive officer now directly owns 57,777 shares of the company's stock, valued at approximately $5,777,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Barry Zwarenstein sold 10,000 shares of the business's stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $100.07, for a total value of $1,000,700.00. Following the transaction, the chief financial officer now directly owns 78,573 shares of the company's stock, valued at $7,862,800.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,555 shares of company stock valued at $4,642,927. 2.40% of the stock is currently owned by corporate insiders.

Five9 Price Performance

FIVN stock opened at $77.65 on Thursday. Five9, Inc. has a 52-week low of $74.48 and a 52-week high of $170.73. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 3.01. The business has a fifty day moving average of $98.83 and a two-hundred day moving average of $99.92. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of -65.80 and a beta of 0.63.

Five9 (NASDAQ:FIVN – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The software maker reported ($0.29) earnings per share 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 business had revenue of $189.38 million during the quarter, compared to analysts' expectations of $180.08 million. During the same period in the previous year, the firm posted ($0.14) earnings per share. The company's revenue was up 31.7% on a year-over-year basis. As a group, research analysts anticipate that Five9, Inc. will post -0.9 earnings per share for the current 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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