Royce & Associates LP trimmed its position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 76.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,000 shares of the software maker's stock after selling 82,466 shares during the quarter. Royce & Associates LP's holdings in Five9 were worth $718,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Quent Capital LLC boosted its stake in Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker's stock worth $193,000 after buying an additional 352 shares during the last quarter. BOKF NA boosted its stake in Five9 by 1.7% during the first quarter. BOKF NA now owns 39,846 shares of the software maker's stock worth $2,445,000 after buying an additional 657 shares during the last quarter. Rhumbline Advisers boosted its stake in Five9 by 0.8% during the second quarter. Rhumbline Advisers now owns 86,000 shares of the software maker's stock worth $3,793,000 after buying an additional 673 shares during the last quarter. Signaturefd LLC boosted its stake in Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker's stock worth $30,000 after buying an additional 984 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Five9 during the second quarter worth $57,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.
Five9 Stock Up 0.8 %
Shares of NASDAQ FIVN opened at $38.00 on Thursday. The stock has a market cap of $2.86 billion, a PE ratio of -76.00, a price-to-earnings-growth ratio of 22.98 and a beta of 0.85. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 52-week low of $26.60 and a 52-week high of $92.40. The business has a 50-day moving average price of $30.76 and a 200 day moving average price of $38.13.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on FIVN. Baird R W lowered Five9 from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 9th. Piper Sandler upped their price target on Five9 from $35.00 to $46.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. BTIG Research cut their price objective on Five9 from $100.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Robert W. Baird boosted their price objective on Five9 from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Monday, November 11th. Finally, StockNews.com upgraded Five9 from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $59.22.
Read Our Latest Analysis on FIVN
Insiders Place Their Bets
In other Five9 news, CEO Michael Burkland sold 12,595 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total transaction of $381,250.65. Following the completion of the sale, the chief executive officer now directly owns 253,488 shares of the company's stock, valued at approximately $7,673,081.76. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Panos Kozanian sold 7,617 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total value of $228,662.34. Following the sale, the executive vice president now directly owns 76,628 shares of the company's stock, valued at $2,300,372.56. The trade was a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,493 shares of company stock valued at $1,097,753. 1.80% of the stock is owned by company insiders.
Five9 Profile
(
Free Report)
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.
Further Reading
Before you consider Five9, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Five9 wasn't on the list.
While Five9 currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
