Prospect Capital Advisors buys $6,692,268 stake in Five9 Inc (FIVN)

Five9 Inc (FIVN) : Prospect Capital Advisors scooped up 159,000 additional shares in Five9 Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 502,800 shares of Five9 Inc which is valued at $6,692,268.Five9 Inc makes up approximately 5.48% of Prospect Capital Advisors’s portfolio.

Other Hedge Funds, Including , Paloma Partners Management Co added FIVN to its portfolio by purchasing 11,995 company shares during the most recent quarter which is valued at $159,653. Five9 Inc makes up approx 0.01% of Paloma Partners Management Co’s portfolio.Teachers Advisors Inc boosted its stake in FIVN in the latest quarter, The investment management firm added 16,748 additional shares and now holds a total of 52,323 shares of Five9 Inc which is valued at $696,419.Gagnon Advisors boosted its stake in FIVN in the latest quarter, The investment management firm added 97,306 additional shares and now holds a total of 281,144 shares of Five9 Inc which is valued at $3,742,027. Five9 Inc makes up approx 2.97% of Gagnon Advisors’s portfolio. 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.

Five9 Inc opened for trading at $14.94 and hit $15.57 on the upside on Thursday, eventually ending the session at $15.56, with a gain of 3.80% or 0.57 points. The heightened volatility saw the trading volume jump to 7,52,256 shares. Company has a market cap of $818 M.

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.

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.

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