Coe Capital Management buys $7,282,660 stake in Five9 Inc (FIVN)

Five9 Inc (FIVN) : Coe Capital Management scooped up 188,017 additional shares in Five9 Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 547,157 shares of Five9 Inc which is valued at $7,282,660.Five9 Inc makes up approximately 2.31% of Coe Capital Management’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in FIVN in the latest quarter, The investment management firm added 1,925 additional shares and now holds a total of 217,764 shares of Five9 Inc which is valued at $2,898,439. Wafra Investment Advisory Group Inc Ny sold out all of its stake in FIVN during the most recent quarter. The investment firm sold 538,768 shares of FIVN which is valued $7,171,002. Princeton Alpha Management Lp added FIVN to its portfolio by purchasing 26,497 company shares during the most recent quarter which is valued at $366,454. Five9 Inc makes up approx 0.06% of Princeton Alpha Management Lp’s portfolio.Td Asset Management Inc reduced its stake in FIVN by selling 3,600 shares or 8.85% in the most recent quarter. The Hedge Fund company now holds 37,100 shares of FIVN which is valued at $513,093.

Five9 Inc closed down -0.21 points or -1.41% at $14.69 with 4,25,918 shares getting traded on Monday. Post opening the session at $14.99, the shares hit an intraday low of $14.68 and an intraday high of $14.995 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Five9 Inc reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.07. The company had revenue of $39.90 million for the quarter, compared to analysts expectations of $36.86 million. The company’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.

Many Wall Street Analysts have commented on Five9 Inc. Company shares were Reiterated by Needham on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 15 from a previous price target of $11 .Five9 Inc was Initiated by Craig Hallum to “Buy” on Jun 9, 2016. Needham Resumed Five9 Inc on May 16, 2016 to “Buy”, Price Target of the shares are set at $11.

Five9 Inc. (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service sales and marketing functions. The Company facilitates over three billion interactions between its 2000 clients and clients’ customers per year. The Company’s solution which consists of its VCC cloud platform and applications allows simultaneous management and optimization of customer interactions across voice chat email Web social media and mobile channels either directly or through its application programming interface. The Company’s VCC cloud platform matches each customer interaction with an appropriate agent resource and delivers relevant customer data to the agent in real-time through integrations with adjacent enterprise applications such as customer relationship management (CRM) software.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *