Dynamic Technology Lab Private Ltd Invests $1.63 Million in Five9 Inc (FIVN)

Dynamic Technology Lab Private Ltd acquired a new stake in Five9 Inc (NASDAQ:FIVN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 37,397 shares of the software maker’s stock, valued at approximately $1,634,000. Dynamic Technology Lab Private Ltd owned 0.06% of Five9 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC purchased a new stake in shares of Five9 during the second quarter worth about $110,000. Great West Life Assurance Co. Can grew its holdings in shares of Five9 by 81.0% during the second quarter. Great West Life Assurance Co. Can now owns 5,407 shares of the software maker’s stock worth $187,000 after buying an additional 2,419 shares in the last quarter. Concentric Wealth Management LLC purchased a new stake in shares of Five9 during the third quarter worth about $208,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Five9 during the second quarter worth about $214,000. Finally, Mirador Capital Partners LP purchased a new stake in shares of Five9 during the second quarter worth about $234,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Five9 stock opened at $40.22 on Friday. The company has a quick ratio of 6.95, a current ratio of 6.95 and a debt-to-equity ratio of 1.56. Five9 Inc has a 1 year low of $22.55 and a 1 year high of $49.50. The company has a market capitalization of $2.43 billion, a P/E ratio of 2,066.00, a P/E/G ratio of 106.63 and a beta of 0.60.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Tuesday, November 6th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.09. Five9 had a negative net margin of 1.90% and a positive return on equity of 0.88%. The company had revenue of $65.30 million during the quarter, compared to the consensus estimate of $61.70 million. During the same period in the previous year, the firm earned $0.04 earnings per share. Five9’s revenue for the quarter was up 30.3% on a year-over-year basis. On average, research analysts predict that Five9 Inc will post 0.04 earnings per share for the current year.

In other Five9 news, President Daniel P. Burkland sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $44.51, for a total transaction of $667,650.00. Following the completion of the sale, the president now directly owns 170,091 shares in the company, valued at $7,570,750.41. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Scott Welch sold 1,412 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $46.32, for a total transaction of $65,403.84. Following the sale, the executive vice president now owns 78,373 shares of the company’s stock, valued at $3,630,237.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,291 shares of company stock valued at $4,906,721. 5.10% of the stock is owned by insiders.

A number of research firms recently issued reports on FIVN. BidaskClub upgraded shares of Five9 from a “buy” rating to a “strong-buy” rating in a report on Friday, August 24th. Needham & Company LLC restated a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of Five9 in a report on Thursday, August 23rd. Barclays boosted their target price on shares of Five9 from $38.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, September 7th. Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Friday, September 28th. Finally, Roth Capital boosted their target price on shares of Five9 from $45.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, November 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $40.92.

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Five9 Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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