Horrell Capital Management Inc. Invests $3.30 Million in Five9, Inc. (NASDAQ:FIVN)

Horrell Capital Management Inc. purchased a new stake in shares of Five9, Inc. (NASDAQ:FIVN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 115,000 shares of the software maker’s stock, valued at approximately $3,304,000. Horrell Capital Management Inc. owned about 0.16% of Five9 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Five9 in the 3rd quarter worth approximately $316,000. Lecap Asset Management Ltd. bought a new stake in Five9 in the 3rd quarter worth approximately $1,714,000. Signaturefd LLC increased its stake in Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after acquiring an additional 984 shares during the last quarter. nVerses Capital LLC bought a new stake in Five9 in the 3rd quarter worth approximately $141,000. Finally, SG Americas Securities LLC bought a new stake in Five9 in the 3rd quarter worth approximately $1,429,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Insider Buying and Selling

In related news, CAO Leena Mansharamani sold 1,395 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the completion of the sale, the chief accounting officer now directly owns 36,872 shares in the company, valued at $1,124,964.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO Leena Mansharamani sold 1,395 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the completion of the sale, the chief accounting officer now directly owns 36,872 shares in the company, valued at $1,124,964.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total value of $381,250.65. Following the sale, the chief executive officer now owns 253,488 shares of the company’s stock, valued at $7,673,081.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,130 shares of company stock worth $1,212,594 in the last three months. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FIVN. StockNews.com raised Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Truist Financial reissued a “buy” rating and set a $65.00 target price on shares of Five9 in a research report on Tuesday, August 27th. BTIG Research cut their target price on Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Roth Mkm cut their target price on Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Rosenblatt Securities cut their target price on Five9 from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Five9 Stock Up 1.1 %

Shares of FIVN stock traded up $0.34 during mid-day trading on Tuesday, hitting $30.02. The stock had a trading volume of 447,734 shares, compared to its average volume of 1,451,591. Five9, Inc. has a 12-month low of $26.60 and a 12-month high of $92.40. The firm has a market capitalization of $2.22 billion, a P/E ratio of -34.92 and a beta of 0.85. The firm’s 50-day moving average is $29.81 and its two-hundred day moving average is $40.79. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.14. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. The business had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $244.54 million. On average, analysts predict that Five9, Inc. will post -0.09 earnings per share for the current fiscal year.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.