B. Metzler seel. Sohn & Co. Holding AG Takes $1.72 Million Position in Five9, Inc. (NASDAQ:FIVN)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 59,739 shares of the software maker's stock, valued at approximately $1,716,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.08% of Five9 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in FIVN. Neo Ivy Capital Management bought a new position in Five9 during the second quarter valued at approximately $2,177,000. Scalar Gauge Management LLC bought a new position in shares of Five9 during the 2nd quarter valued at $6,990,000. King Luther Capital Management Corp bought a new position in shares of Five9 during the 2nd quarter valued at $2,062,000. Van Berkom & Associates Inc. lifted its stake in shares of Five9 by 52.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker's stock valued at $57,307,000 after purchasing an additional 446,151 shares during the last quarter. Finally, Lecap Asset Management Ltd. bought a new stake in Five9 in the third quarter worth $1,714,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FIVN shares. Bank of America raised Five9 from an "underperform" rating to a "buy" rating and set a $63.00 price target for the company in a research report on Monday, August 5th. Robert W. Baird boosted their target price on Five9 from $40.00 to $43.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. Truist Financial reissued a "buy" rating and issued a $65.00 price target on shares of Five9 in a research report on Tuesday, August 27th. StockNews.com raised shares of Five9 from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. Finally, Rosenblatt Securities boosted their target price on shares of Five9 from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $59.22.

Insider Buying and Selling

In other news, EVP Panos Kozanian sold 7,617 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the sale, the executive vice president now directly owns 76,628 shares of the company's stock, valued at $2,300,372.56. This represents a 9.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Daniel P. Burkland sold 2,605 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.41, for a total transaction of $87,033.05. Following the completion of the transaction, the executive now owns 132,554 shares of the company's stock, valued at $4,428,629.14. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,493 shares of company stock worth $1,097,753 in the last quarter. 1.80% of the stock is owned by corporate insiders.

Five9 Stock Performance

Shares of NASDAQ:FIVN opened at $40.32 on Friday. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of -80.64, a price-to-earnings-growth ratio of 22.74 and a beta of 0.85. The business's fifty day moving average price is $31.19 and its two-hundred day moving average price is $38.13. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $92.40. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

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.