Five9, Inc. (NASDAQ:FIVN) Stock Position Increased by Barclays PLC

Barclays PLC increased its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 215.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 242,187 shares of the software maker's stock after purchasing an additional 165,487 shares during the quarter. Barclays PLC owned 0.32% of Five9 worth $6,956,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. FMR LLC grew its stake in Five9 by 2.4% during the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker's stock valued at $320,620,000 after purchasing an additional 259,820 shares in the last quarter. Sylebra Capital LLC increased its stake in shares of Five9 by 28.4% in the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker's stock worth $132,908,000 after buying an additional 666,681 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Five9 by 14.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker's stock worth $47,919,000 after buying an additional 210,836 shares during the last quarter. Van Berkom & Associates Inc. raised its holdings in Five9 by 52.3% in the second quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker's stock valued at $57,307,000 after acquiring an additional 446,151 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Five9 by 14.9% during the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker's stock valued at $21,891,000 after acquiring an additional 98,543 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total transaction of $320,683.71. Following the sale, the executive vice president now directly owns 69,009 shares in the company, valued at $2,904,588.81. The trade was a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Burkland sold 12,594 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total transaction of $521,391.60. Following the completion of the sale, the chief executive officer now directly owns 240,894 shares of the company's stock, valued at $9,973,011.60. The trade was a 4.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,004 shares of company stock valued at $1,209,279. Insiders own 1.80% of the company's stock.

Five9 Stock Performance

Five9 stock traded up $0.24 during midday trading on Thursday, reaching $41.48. 1,520,635 shares of the stock traded hands, compared to its average volume of 1,513,130. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $81.72. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of -82.96, a PEG ratio of 28.88 and a beta of 0.92. The firm has a fifty day moving average price of $36.36 and a two-hundred day moving average price of $36.69.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FIVN shares. Wells Fargo & Company downgraded shares of Five9 from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. Robert W. Baird upped their price objective on Five9 from $40.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. Needham & Company LLC lifted their target price on Five9 from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday. DA Davidson boosted their price target on Five9 from $40.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Finally, Rosenblatt Securities raised their price objective on Five9 from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $58.18.

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.