Renaissance Technologies LLC Has $114.85 Million Holdings in Five9 Inc (FIVN)

Renaissance Technologies LLC raised its position in shares of Five9 Inc (NASDAQ:FIVN) by 4.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,628,700 shares of the software maker’s stock after purchasing an additional 117,800 shares during the quarter. Renaissance Technologies LLC owned 4.47% of Five9 worth $114,848,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FIVN. Wasatch Advisors Inc. increased its stake in Five9 by 510.9% during the 3rd quarter. Wasatch Advisors Inc. now owns 892,479 shares of the software maker’s stock valued at $38,992,000 after purchasing an additional 746,394 shares in the last quarter. Sylebra HK Co Ltd bought a new stake in Five9 during the 2nd quarter valued at about $24,364,000. BlackRock Inc. increased its stake in Five9 by 11.1% during the 2nd quarter. BlackRock Inc. now owns 4,072,663 shares of the software maker’s stock valued at $140,794,000 after purchasing an additional 406,173 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Five9 during the 3rd quarter valued at about $16,768,000. Finally, SG Americas Securities LLC increased its stake in Five9 by 4,327.3% during the 3rd quarter. SG Americas Securities LLC now owns 223,092 shares of the software maker’s stock valued at $9,747,000 after purchasing an additional 218,053 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

In other news, CFO Barry Zwarenstein sold 10,000 shares of Five9 stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $44.79, for a total value of $447,900.00. Following the completion of the sale, the chief financial officer now directly owns 121,714 shares in the company, valued at $5,451,570.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott Welch sold 7,165 shares of Five9 stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $41.92, for a total transaction of $300,356.80. Following the completion of the sale, the executive vice president now owns 69,796 shares of the company’s stock, valued at $2,925,848.32. The disclosure for this sale can be found here. Insiders sold 120,291 shares of company stock valued at $4,906,721 over the last quarter. Company insiders own 5.10% of the company’s stock.

A number of analysts have weighed in on FIVN shares. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Five9 in a research note on Thursday, August 23rd. BidaskClub upgraded shares of Five9 from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 24th. Barclays raised their price objective on shares of Five9 from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, September 7th. Zacks Investment Research lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Finally, Dougherty & Co started coverage on shares of Five9 in a research note on Tuesday, October 16th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $40.92.

Shares of FIVN stock opened at $40.22 on Friday. Five9 Inc has a 52 week low of $22.55 and a 52 week high of $49.50. The company has a market capitalization of $2.43 billion, a PE ratio of -236.59, a P/E/G ratio of 106.63 and a beta of 0.60. The company has a debt-to-equity ratio of 1.56, a current ratio of 6.95 and a quick ratio of 6.95.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Tuesday, November 6th. The software maker reported $0.04 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $65.30 million during the quarter, compared to analyst estimates of $61.70 million. During the same period in the previous year, the business posted $0.04 earnings per share. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. Equities research analysts anticipate that Five9 Inc will post 0.04 EPS for the current fiscal year.

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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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