WCM Investment Management LLC Buys 48,981 Shares of Five9, Inc. (NASDAQ:FIVN)

WCM Investment Management LLC boosted its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 14.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 384,592 shares of the software maker's stock after purchasing an additional 48,981 shares during the period. WCM Investment Management LLC owned about 0.51% of Five9 worth $11,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Five9 by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker's stock worth $461,948,000 after acquiring an additional 150,786 shares during the period. Sylebra Capital LLC raised its holdings in Five9 by 28.4% during the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker's stock worth $132,908,000 after purchasing an additional 666,681 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Five9 by 38.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker's stock worth $64,257,000 after buying an additional 406,188 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings 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 buying an additional 446,151 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of Five9 by 347.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker's stock valued at $33,213,000 after buying an additional 584,800 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.

Five9 Stock Performance

Shares of NASDAQ FIVN traded down $0.40 during mid-day trading on Tuesday, hitting $39.27. 3,031,088 shares of the company were exchanged, compared to its average volume of 1,505,250. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39. The stock has a 50 day simple moving average of $29.61 and a 200-day simple moving average of $38.95. Five9, Inc. has a 1-year low of $26.60 and a 1-year high of $92.40. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of -79.34 and a beta of 0.85.

Insider Activity

In other news, EVP Panos Kozanian sold 7,617 shares of the business's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value of $228,662.34. Following the completion of the sale, the executive vice president now owns 76,628 shares of the company's stock, valued at approximately $2,300,372.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Leena Mansharamani sold 1,395 shares of the firm's stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total value of $42,561.45. Following the transaction, the chief accounting officer now directly owns 36,872 shares in the company, valued at approximately $1,124,964.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Panos Kozanian sold 7,617 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 76,628 shares of the company's stock, valued at approximately $2,300,372.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,493 shares of company stock valued at $1,097,753 in the last three months. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com raised Five9 from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. DA Davidson raised their price objective on shares of Five9 from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday. Truist Financial restated a "buy" rating and set a $65.00 target price on shares of Five9 in a research report on Tuesday, August 27th. BTIG Research decreased their price target on Five9 from $100.00 to $45.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Finally, Rosenblatt Securities boosted their target price on Five9 from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Five9 currently has an average rating of "Moderate Buy" and an average price target of $59.22.

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.