Choreo LLC Makes New Investment in Five9, Inc. (NASDAQ:FIVN)

Choreo LLC bought a new stake in Five9, Inc. (NASDAQ:FIVN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,015 shares of the software maker's stock, valued at approximately $408,000.

Other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in shares of Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker's stock worth $30,000 after acquiring an additional 984 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Five9 in the 3rd quarter worth $95,000. FNY Investment Advisers LLC increased its stake in shares of Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker's stock worth $132,000 after acquiring an additional 2,485 shares during the last quarter. KBC Group NV increased its position in shares of Five9 by 49.2% during the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker's stock worth $137,000 after purchasing an additional 1,113 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Five9 during the 3rd quarter worth about $141,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FIVN. Robert W. Baird raised their price objective on Five9 from $40.00 to $43.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Rosenblatt Securities raised their price objective on Five9 from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Needham & Company LLC reissued a "buy" rating and set a $52.00 price objective on shares of Five9 in a research report on Tuesday, January 21st. Wells Fargo & Company downgraded Five9 from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. Finally, Cantor Fitzgerald began coverage on Five9 in a research report on Friday, January 17th. They set an "overweight" rating and a $46.00 price objective for the company. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $57.50.

Insider Activity

In related news, CAO Leena Mansharamani sold 1,346 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the completion of the sale, the chief accounting officer now owns 35,526 shares in the company, valued at $1,468,289.58. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Andy Dignan sold 4,109 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $171,961.65. Following the sale, the chief operating officer now owns 115,818 shares of the company's stock, valued at approximately $4,846,983.30. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,004 shares of company stock worth $1,209,279. 1.80% of the stock is currently owned by company insiders.

Five9 Stock Down 3.3 %

Shares of FIVN traded down $1.39 during midday trading on Friday, hitting $40.12. The company had a trading volume of 866,980 shares, compared to its average volume of 1,154,628. The company's 50-day simple moving average is $40.65 and its 200-day simple moving average is $35.82. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market capitalization of $3.02 billion, a P/E ratio of -80.24, a P/E/G ratio of 9.48 and a beta of 0.93. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $77.21.

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.