Stanley Laman Group Ltd. Sells 6,360 Shares of Five9, Inc. (NASDAQ:FIVN)

Stanley Laman Group Ltd. decreased its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 7.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,920 shares of the software maker’s stock after selling 6,360 shares during the quarter. Stanley Laman Group Ltd. owned about 0.11% of Five9 worth $2,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Signaturefd LLC grew its position in shares of Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Five9 during the 2nd quarter valued at $57,000. nVerses Capital LLC purchased a new position in shares of Five9 during the 3rd quarter valued at $141,000. Quent Capital LLC grew its position in shares of Five9 by 8.7% during the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after purchasing an additional 352 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new position in shares of Five9 during the 1st quarter valued at $226,000. Institutional investors own 96.64% of the company’s stock.

Five9 Trading Down 2.5 %

Shares of FIVN stock opened at $30.16 on Wednesday. Five9, Inc. has a 12-month low of $26.60 and a 12-month high of $92.40. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The firm’s 50 day moving average is $30.08 and its 200 day moving average is $41.66. The stock has a market capitalization of $2.23 billion, a P/E ratio of -35.48 and a beta of 0.85.

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

Insider Buying and Selling

In related news, CRO Daniel P. Burkland sold 2,637 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $43.55, for a total value of $114,841.35. Following the sale, the executive now owns 130,079 shares in the company, valued at approximately $5,664,940.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Five9 news, CRO Daniel P. Burkland sold 2,605 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $33.41, for a total value of $87,033.05. Following the transaction, the executive now directly owns 132,554 shares in the company, valued at approximately $4,428,629.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Daniel P. Burkland sold 2,637 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $43.55, for a total transaction of $114,841.35. Following the completion of the transaction, the executive now owns 130,079 shares in the company, valued at $5,664,940.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,130 shares of company stock worth $1,212,594. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FIVN shares. Morgan Stanley cut their target price on shares of Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Rosenblatt Securities lowered their price objective on shares of Five9 from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Truist Financial reaffirmed a “buy” rating and set a $65.00 price objective on shares of Five9 in a research note on Tuesday, August 27th. Wells Fargo & Company decreased their price target on shares of Five9 from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, Roth Mkm decreased their price target on shares of Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.59.

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.