Five9, Inc. (NASDAQ:FIVN) is Sylebra Capital LLC’s 7th Largest Position

Sylebra Capital LLC grew its position in Five9, Inc. (NASDAQ:FIVN) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,347,108 shares of the software maker’s stock after buying an additional 34,681 shares during the quarter. Five9 accounts for 4.8% of Sylebra Capital LLC’s holdings, making the stock its 7th largest holding. Sylebra Capital LLC’s holdings in Five9 were worth $145,779,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FIVN. Vanguard Group Inc. lifted its stake in Five9 by 2.1% in the first quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock worth $461,948,000 after acquiring an additional 150,786 shares during the last quarter. Wasatch Advisors LP lifted its holdings in Five9 by 1.9% during the 1st quarter. Wasatch Advisors LP now owns 3,459,581 shares of the software maker’s stock worth $214,875,000 after buying an additional 63,200 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Five9 by 0.8% in the 4th quarter. Eagle Asset Management Inc. now owns 1,035,554 shares of the software maker’s stock valued at $81,488,000 after acquiring an additional 8,231 shares during the last quarter. Norges Bank purchased a new stake in Five9 during the fourth quarter worth approximately $79,035,000. Finally, UBS Group AG lifted its stake in Five9 by 47.7% during the fourth quarter. UBS Group AG now owns 788,381 shares of the software maker’s stock worth $62,038,000 after purchasing an additional 254,467 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Stock Performance

Shares of FIVN stock traded down $0.89 during mid-day trading on Tuesday, hitting $45.04. The stock had a trading volume of 1,262,307 shares, compared to its average volume of 1,297,125. The firm has a market cap of $3.33 billion, a PE ratio of -52.99 and a beta of 0.82. The company’s 50-day simple moving average is $44.04 and its 200-day simple moving average is $57.02. The company has a debt-to-equity ratio of 2.41, a current ratio of 7.02 and a quick ratio of 7.02. Five9, Inc. has a fifty-two week low of $39.07 and a fifty-two week high of $92.40.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.13. The business had revenue of $247.01 million during the quarter, compared to the consensus estimate of $239.72 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. Sell-side analysts anticipate that Five9, Inc. will post -0.3 earnings per share for the current year.

Insider Activity

In other Five9 news, EVP Panos Kozanian sold 6,893 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $319,145.90. Following the completion of the sale, the executive vice president now owns 94,477 shares of the company’s stock, valued at $4,374,285.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Panos Kozanian sold 6,893 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $319,145.90. Following the completion of the sale, the executive vice president now owns 94,477 shares in the company, valued at $4,374,285.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Barry Zwarenstein sold 6,207 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $45.01, for a total value of $279,377.07. Following the transaction, the chief financial officer now directly owns 85,121 shares in the company, valued at $3,831,296.21. The disclosure for this sale can be found here. Insiders sold a total of 50,748 shares of company stock valued at $2,303,914 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on FIVN. Morgan Stanley cut their price objective on shares of Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, June 14th. Rosenblatt Securities restated a “buy” rating and issued a $80.00 price objective on shares of Five9 in a research note on Friday, May 3rd. Wells Fargo & Company cut their target price on Five9 from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, June 10th. Canaccord Genuity Group reduced their target price on Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, Piper Sandler reduced their target price on Five9 from $86.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Five9 presently has an average rating of “Moderate Buy” and an average target price of $79.29.

Five9 Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a 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.