Renaissance Technologies LLC increased its holdings in Five9 Inc (NASDAQ:FIVN) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,388,800 shares of the software maker’s stock after purchasing an additional 77,800 shares during the quarter. Renaissance Technologies LLC owned approximately 4.29% of Five9 worth $59,433,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Fortaleza Asset Management Inc. bought a new stake in shares of Five9 in the fourth quarter worth $157,000. Envestnet Asset Management Inc. bought a new stake in Five9 during the third quarter valued at $195,000. Janney Montgomery Scott LLC bought a new stake in Five9 during the third quarter valued at $211,000. Invictus RG bought a new stake in Five9 during the fourth quarter valued at $267,000. Finally, Capital Fund Management S.A. bought a new stake in Five9 during the fourth quarter valued at $328,000. 92.66% of the stock is currently owned by institutional investors.
In other news, CEO Barry Zwarenstein sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $24.52, for a total transaction of $122,600.00. Following the transaction, the chief executive officer now owns 141,778 shares in the company, valued at $3,476,396.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gaurav Passi sold 1,347 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $31.35, for a total transaction of $42,228.45. Following the transaction, the executive vice president now owns 95,894 shares in the company, valued at approximately $3,006,276.90. The disclosure for this sale can be found here. Insiders have sold 660,455 shares of company stock worth $18,933,791 in the last quarter. Company insiders own 9.10% of the company’s stock.
Five9 Inc (FIVN) opened at $30.70 on Wednesday. Five9 Inc has a fifty-two week low of $15.91 and a fifty-two week high of $32.47. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.85.
Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. Five9 had a negative net margin of 4.48% and a negative return on equity of 24.94%. The firm had revenue of $55.40 million for the quarter, compared to analyst estimates of $52.31 million. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. sell-side analysts forecast that Five9 Inc will post -0.15 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This report was originally published by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/03/14/renaissance-technologies-llc-has-59-43-million-position-in-five9-inc-fivn.html.
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).
Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.