Public Employees Retirement System of Ohio Sells 48,277 Shares of Five9, Inc. (NASDAQ:FIVN)

Public Employees Retirement System of Ohio lowered its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 64.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,614 shares of the software maker's stock after selling 48,277 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Five9 were worth $765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC raised its position in Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker's stock worth $30,000 after purchasing an additional 984 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Five9 during the second quarter worth about $57,000. Quest Partners LLC acquired a new position in shares of Five9 in the third quarter worth approximately $95,000. nVerses Capital LLC bought a new stake in Five9 in the third quarter valued at approximately $141,000. Finally, Lombard Odier Asset Management USA Corp acquired a new stake in Five9 during the 2nd quarter valued at approximately $271,000. Institutional investors own 96.64% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on FIVN shares. Robert W. Baird boosted their price target on Five9 from $40.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. Piper Sandler boosted their target price on shares of Five9 from $35.00 to $46.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Rosenblatt Securities raised their price target on shares of Five9 from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Wells Fargo & Company lowered shares of Five9 from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $55.00 to $40.00 in a report on Tuesday, November 12th. Finally, Needham & Company LLC increased their price objective on shares of Five9 from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $58.18.

Five9 Stock Performance

Five9 stock traded up $1.15 during mid-day trading on Friday, reaching $42.63. The company's stock had a trading volume of 1,706,167 shares, compared to its average volume of 1,513,915. The firm's fifty day moving average price is $36.84 and its two-hundred day moving average price is $36.70. 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 $81.72. The company has a market capitalization of $3.21 billion, a P/E ratio of -85.26, a PEG ratio of 28.88 and a beta of 0.92.

Insider Activity

In related news, COO Andy Dignan sold 4,109 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $171,961.65. Following the completion of the transaction, the chief operating officer now directly owns 115,818 shares in the company, valued at $4,846,983.30. The trade was a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Leena Mansharamani sold 1,346 shares of the firm's stock in a transaction dated 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 sale, the chief accounting officer now directly owns 35,526 shares in the company, valued at approximately $1,468,289.58. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock worth $1,209,279 over the last ninety days. Company insiders own 1.80% of the company's stock.

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.