Sylebra Capital LLC Has $152.23 Million Position in Five9, Inc. (NASDAQ:FIVN)

Sylebra Capital LLC grew its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 59.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,745,778 shares of the software maker’s stock after acquiring an additional 1,396,496 shares during the quarter. Five9 comprises about 4.2% of Sylebra Capital LLC’s investment portfolio, making the stock its 8th biggest position. Sylebra Capital LLC’s holdings in Five9 were worth $152,228,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in shares of Five9 by 10.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker’s stock worth $156,000 after buying an additional 365 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Five9 by 2.0% during the 4th quarter. Arizona State Retirement System now owns 21,694 shares of the software maker’s stock worth $882,000 after buying an additional 424 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after buying an additional 520 shares in the last quarter. Xponance Inc. raised its holdings in shares of Five9 by 6.1% during the 4th quarter. Xponance Inc. now owns 9,421 shares of the software maker’s stock worth $383,000 after buying an additional 539 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Five9 by 1.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker’s stock worth $1,325,000 after buying an additional 590 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Andy Dignan sold 2,840 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $94,373.20. Following the completion of the sale, the chief operating officer now owns 194,201 shares of the company’s stock, valued at approximately $6,453,299.23. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Leena Mansharamani sold 1,135 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the sale, the chief accounting officer now owns 47,165 shares in the company, valued at approximately $1,424,383. The trade was a 2.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,574 shares of company stock valued at $1,004,346. Company insiders own 1.60% of the company’s stock.

Five9 Trading Up 5.7%

Shares of FIVN stock opened at $26.96 on Friday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -134.79, a PEG ratio of 9.41 and a beta of 1.23. The stock has a 50-day moving average of $25.83 and a 200-day moving average of $34.52. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 1-year low of $21.04 and a 1-year high of $52.62.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.14. The company had revenue of $279.71 million during the quarter, compared to analysts’ expectations of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. On average, equities research analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FIVN. Piper Sandler boosted their price target on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Rosenblatt Securities reissued a “buy” rating and set a $36.00 price target on shares of Five9 in a research note on Tuesday, May 13th. Wells Fargo & Company cut their price target on Five9 from $45.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group cut their price target on Five9 from $45.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, April 28th. Finally, Mizuho cut their price target on Five9 from $55.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.58.

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.