Five9, Inc. (NASDAQ:FIVN) Position Reduced by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 29.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 128,417 shares of the software maker's stock after selling 54,298 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.17% of Five9 worth $3,689,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Quent Capital LLC lifted its holdings in Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker's stock valued at $193,000 after acquiring an additional 352 shares during the period. BOKF NA raised its position in shares of Five9 by 1.7% in the first quarter. BOKF NA now owns 39,846 shares of the software maker's stock worth $2,445,000 after acquiring an additional 657 shares during the period. Rhumbline Advisers increased its stake in shares of Five9 by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 86,000 shares of the software maker's stock valued at $3,793,000 after purchasing an additional 673 shares in the last quarter. Signaturefd LLC increased 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 valued at $30,000 after buying an additional 984 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Five9 during the second quarter valued at $57,000. Hedge funds and other institutional investors own 96.64% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FIVN shares. Rosenblatt Securities boosted their price target on shares of Five9 from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Robert W. Baird raised their price objective on shares of Five9 from $40.00 to $43.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Wells Fargo & Company lowered shares of Five9 from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $55.00 to $40.00 in a report on Tuesday, November 12th. Truist Financial reaffirmed a "buy" rating and set a $65.00 price target on shares of Five9 in a research report on Tuesday, August 27th. Finally, StockNews.com upgraded Five9 from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.22.

Insider Buying and Selling

In other news, EVP Panos Kozanian sold 7,617 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the transaction, the executive vice president now owns 76,628 shares of the company's stock, valued at approximately $2,300,372.56. This trade represents a 9.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Barry Zwarenstein sold 4,408 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the sale, the chief financial officer now directly owns 101,732 shares in the company, valued at approximately $2,743,712.04. This represents a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,493 shares of company stock valued at $1,097,753. Corporate insiders own 1.80% of the company's stock.

Five9 Stock Up 4.8 %

FIVN stock opened at $40.32 on Friday. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $92.40. The business has a fifty day simple moving average of $31.19 and a 200-day simple moving average of $38.13. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current 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.