Janney Montgomery Scott LLC Invests $811,000 in Five9, Inc. (NASDAQ:FIVN)

Janney Montgomery Scott LLC purchased a new position in Five9, Inc. (NASDAQ:FIVN - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 28,232 shares of the software maker's stock, valued at approximately $811,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Horrell Capital Management Inc. bought a new position in Five9 during the third quarter worth about $3,304,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Five9 in the third quarter valued at approximately $316,000. Lecap Asset Management Ltd. acquired a new position in shares of Five9 during the third quarter valued at $1,714,000. Signaturefd LLC boosted 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 valued at $30,000 after purchasing an additional 984 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in Five9 in the third quarter valued at approximately $141,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Five9

In related news, CFO Barry Zwarenstein sold 4,408 shares of the business's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the transaction, the chief financial officer now owns 101,732 shares in the company, valued at $2,743,712.04. The trade was a 4.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Panos Kozanian sold 7,617 shares of the firm'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. This represents a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,493 shares of company stock worth $1,097,753. Insiders own 1.80% of the company's stock.

Five9 Trading Down 2.7 %

NASDAQ FIVN traded down $1.01 during trading hours on Monday, reaching $37.06. The company's stock had a trading volume of 1,855,336 shares, compared to its average volume of 1,534,546. The firm has a fifty day simple moving average of $30.36 and a 200-day simple moving average of $38.41. The stock has a market cap of $2.79 billion, a P/E ratio of -76.46, a P/E/G ratio of 22.98 and a beta of 0.85. Five9, Inc. has a 52 week low of $26.60 and a 52 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.

Analyst Upgrades and Downgrades

FIVN has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of Five9 from $75.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, August 9th. Needham & Company LLC reissued a "buy" rating and set a $48.00 price target on shares of Five9 in a research report on Friday, November 8th. Morgan Stanley decreased their target price on shares of Five9 from $45.00 to $37.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 15th. Northland Securities dropped their price objective on Five9 from $95.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. Finally, BTIG Research cut their target price on shares of Five9 from $100.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.