WCM Investment Management LLC Buys 138,019 Shares of Five9, Inc. (NASDAQ:FIVN)

WCM Investment Management LLC grew its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 35.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 522,611 shares of the software maker’s stock after purchasing an additional 138,019 shares during the quarter. WCM Investment Management LLC owned about 0.69% of Five9 worth $21,281,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FIVN. Signaturefd LLC grew its holdings in Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares during the period. Quest Partners LLC acquired a new stake in shares of Five9 during the 3rd quarter worth about $95,000. FNY Investment Advisers LLC grew its stake in Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock valued at $132,000 after buying an additional 2,485 shares during the last quarter. KBC Group NV raised its holdings in Five9 by 49.2% in the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock valued at $137,000 after acquiring an additional 1,113 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Five9 during the third quarter worth approximately $141,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Insider Activity

In related news, CEO Michael Burkland sold 12,594 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total value of $521,391.60. Following the transaction, the chief executive officer now directly owns 240,894 shares in the company, valued at $9,973,011.60. This trade represents a 4.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Barry Zwarenstein sold 3,336 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $139,611.60. Following the transaction, the chief financial officer now owns 98,396 shares in the company, valued at approximately $4,117,872.60. The trade was a 3.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,004 shares of company stock worth $1,209,279 in the last three months. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. DA Davidson boosted their price target on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Piper Sandler lifted their price objective on shares of Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Morgan Stanley increased their price target on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Truist Financial reiterated a “buy” rating and set a $65.00 target price on shares of Five9 in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $57.50.

Five9 Trading Down 2.6 %

NASDAQ:FIVN opened at $40.87 on Friday. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $79.43. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The firm’s fifty day moving average is $40.76 and its 200-day moving average is $36.09. The firm has a market cap of $3.07 billion, a P/E ratio of -81.74, a P/E/G ratio of 9.48 and a beta of 0.93.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Thursday, November 7th. The software maker reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.43). The business had revenue of $264.18 million during the quarter, compared to analyst estimates of $254.82 million. Five9 had a negative net margin of 3.66% and a negative return on equity of 1.53%. During the same period in the prior year, the firm earned ($0.21) earnings per share. Equities analysts expect that Five9, Inc. will post 0.11 earnings per share for the current year.

Five9 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.