Harvest Capital Strategies LLC boosted its holdings in Five9 Inc (NASDAQ:FIVN) by 16.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 250,000 shares of the software maker’s stock after acquiring an additional 35,000 shares during the quarter. Five9 accounts for 1.1% of Harvest Capital Strategies LLC’s portfolio, making the stock its 22nd largest position. Harvest Capital Strategies LLC owned about 0.45% of Five9 worth $6,220,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of FIVN. Tremblant Capital Group bought a new position in Five9 during the 3rd quarter valued at $19,544,000. Shell Asset Management Co. bought a new position in Five9 during the 4th quarter valued at $9,496,000. Wells Fargo & Company MN boosted its stake in Five9 by 31.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock valued at $36,598,000 after purchasing an additional 366,166 shares in the last quarter. State Street Corp boosted its stake in Five9 by 49.3% during the 2nd quarter. State Street Corp now owns 887,639 shares of the software maker’s stock valued at $19,103,000 after purchasing an additional 293,067 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its stake in Five9 by 51.1% during the 3rd quarter. Hood River Capital Management LLC now owns 633,243 shares of the software maker’s stock valued at $15,135,000 after purchasing an additional 214,047 shares in the last quarter. 92.66% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on FIVN shares. TheStreet raised Five9 from a “d” rating to a “c-” rating in a research note on Tuesday, November 21st. BidaskClub lowered Five9 from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Barclays lowered Five9 from an “overweight” rating to an “equal weight” rating and set a $27.00 price target for the company. in a research note on Monday, January 8th. Zacks Investment Research lowered Five9 from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, SunTrust Banks started coverage on Five9 in a research note on Wednesday, January 31st. They set a “buy” rating and a $30.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $26.60.
Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Wednesday, February 21st. The software maker reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The business had revenue of $55.40 million during the quarter, compared to analyst estimates of $52.31 million. Five9 had a negative return on equity of 24.94% and a negative net margin of 4.48%. Five9’s quarterly revenue was up 25.3% on a year-over-year basis. sell-side analysts anticipate that Five9 Inc will post -0.15 earnings per share for the current fiscal year.
In other news, EVP Gaurav Passi sold 1,347 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $31.35, for a total transaction of $42,228.45. Following the completion of the sale, the executive vice president now directly owns 95,894 shares of the company’s stock, valued at approximately $3,006,276.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Burkland sold 227,341 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $30.89, for a total value of $7,022,563.49. Following the sale, the director now directly owns 265,310 shares of the company’s stock, valued at $8,195,425.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 660,455 shares of company stock valued at $18,933,791. Corporate insiders own 9.10% of the company’s stock.
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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