Stanley Laman Group Ltd. Sells 14,057 Shares of Five9, Inc. (NASDAQ:FIVN)

Stanley Laman Group Ltd. reduced its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 18.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,863 shares of the software maker's stock after selling 14,057 shares during the quarter. Stanley Laman Group Ltd. owned approximately 0.08% of Five9 worth $2,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in shares of Five9 by 14.5% during 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 purchasing an additional 210,836 shares in the last quarter. Gagnon Securities LLC grew its holdings in Five9 by 10.4% during the 4th quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker's stock valued at $14,878,000 after buying an additional 34,597 shares in the last quarter. Vestcor Inc grew its holdings in Five9 by 42.9% during the 3rd quarter. Vestcor Inc now owns 50,000 shares of the software maker's stock valued at $1,437,000 after buying an additional 15,000 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Five9 by 14.9% during the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker's stock valued at $21,891,000 after buying an additional 98,543 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Five9 by 215.8% in the third quarter. Barclays PLC now owns 242,187 shares of the software maker's stock worth $6,956,000 after buying an additional 165,487 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. DA Davidson raised their target price on shares of Five9 from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Truist Financial restated a "buy" rating and set a $65.00 price objective on shares of Five9 in a research report on Tuesday, December 17th. Robert W. Baird boosted their target price on Five9 from $40.00 to $43.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Morgan Stanley raised their price target on Five9 from $40.00 to $46.00 and gave the company an "equal weight" rating in a report on Wednesday, December 18th. Finally, Cantor Fitzgerald started coverage on Five9 in a research note on Friday, January 17th. They issued an "overweight" rating and a $46.00 price objective on the stock. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, Five9 has an average rating of "Moderate Buy" and an average target price of $57.50.

Insider Buying and Selling

In other news, COO Andy Dignan sold 4,109 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $171,961.65. Following the transaction, the chief operating officer now directly owns 115,818 shares in the company, valued at approximately $4,846,983.30. This represents a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 owns 69,009 shares of the company's stock, valued at $2,904,588.81. The trade was a 9.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,004 shares of company stock valued at $1,209,279. Insiders own 1.80% of the company's stock.

Five9 Trading Down 3.3 %

Shares of NASDAQ:FIVN traded down $1.39 during trading hours on Monday, hitting $40.12. 866,980 shares of the company's stock traded hands, compared to its average volume of 1,154,628. The firm has a market capitalization of $3.02 billion, a P/E ratio of -80.24, a price-to-earnings-growth ratio of 9.48 and a beta of 0.93. The business has a fifty day moving average price of $40.65 and a 200-day moving average price of $35.82. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $77.21. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

About Five9

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.