Five9, Inc. (NASDAQ:FIVN) Shares Purchased by Mirador Capital Partners LP

Mirador Capital Partners LP increased its stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 48.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,707 shares of the software maker's stock after acquiring an additional 9,095 shares during the period. Mirador Capital Partners LP's holdings in Five9 were worth $1,126,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Signaturefd LLC raised its position in shares of Five9 by 1,892.3% in the third 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 period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Five9 in the 2nd quarter worth about $57,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Five9 by 13.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker's stock worth $548,000 after purchasing an additional 2,254 shares in the last quarter. FNY Investment Advisers LLC grew its holdings in Five9 by 324.8% in the fourth quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker's stock valued at $132,000 after purchasing an additional 2,485 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of Five9 in the third quarter valued at approximately $95,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Morgan Stanley increased their target price on Five9 from $40.00 to $46.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Truist Financial reaffirmed a "buy" rating and set a $65.00 price objective on shares of Five9 in a report on Tuesday, December 17th. DA Davidson lifted their target price on shares of Five9 from $40.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Needham & Company LLC upped their price target on shares of Five9 from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Finally, Piper Sandler lifted their price objective on Five9 from $35.00 to $46.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, Five9 presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.18.

Insiders Place Their Bets

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total transaction of $320,683.71. Following the completion of the sale, the executive vice president now owns 69,009 shares of the company's stock, valued at $2,904,588.81. This trade represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Leena Mansharamani sold 1,346 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total value of $55,630.18. Following the completion of the transaction, the chief accounting officer now directly owns 35,526 shares in the company, valued at approximately $1,468,289.58. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock valued at $1,209,279 over the last ninety days. Company insiders own 1.80% of the company's stock.

Five9 Trading Down 1.6 %

Shares of NASDAQ FIVN traded down $0.58 during trading on Thursday, hitting $36.60. 841,354 shares of the company were exchanged, compared to its average volume of 882,495. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9, Inc. has a 12-month low of $26.60 and a 12-month high of $81.24. The company has a fifty day moving average price of $40.47 and a 200-day moving average price of $36.42. The firm has a market capitalization of $2.75 billion, a PE ratio of -73.20, a P/E/G ratio of 8.57 and a beta of 0.92.

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.