State of New Jersey Common Pension Fund D raised its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 51.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,965 shares of the software maker's stock after purchasing an additional 20,040 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.08% of Five9 worth $1,694,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ProShare Advisors LLC purchased a new position in shares of Five9 during the first quarter worth about $247,000. State Board of Administration of Florida Retirement System increased its position in shares of Five9 by 1.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 76,495 shares of the software maker's stock valued at $4,751,000 after purchasing an additional 745 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Five9 by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker's stock valued at $461,948,000 after buying an additional 150,786 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Five9 in the 1st quarter valued at $264,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Five9 by 6.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 99,006 shares of the software maker's stock valued at $6,147,000 after buying an additional 6,431 shares during the last quarter. Institutional investors own 96.64% of the company's stock.
Insider Transactions at Five9
In other news, COO Andy Dignan sold 4,245 shares of Five9 stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.26, for a total value of $128,453.70. Following the transaction, the chief operating officer now directly owns 119,927 shares in the company, valued at approximately $3,628,991.02. This trade represents a 3.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Barry Zwarenstein sold 4,408 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the transaction, the chief financial officer now directly owns 101,732 shares of the company's stock, valued at approximately $2,743,712.04. This represents a 4.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,493 shares of company stock worth $1,097,753. 1.80% of the stock is currently owned by insiders.
Five9 Price Performance
NASDAQ:FIVN traded up $0.39 during trading hours on Tuesday, reaching $37.45. The stock had a trading volume of 529,830 shares, compared to its average volume of 1,530,062. The stock has a market capitalization of $2.82 billion, a PE ratio of -73.46, a PEG ratio of 22.98 and a beta of 0.85. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The company has a 50 day moving average price of $30.55 and a two-hundred day moving average price of $38.27. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $92.40.
Wall Street Analysts Forecast Growth
FIVN has been the topic of several recent analyst reports. Bank of America upgraded shares of Five9 from an "underperform" rating to a "buy" rating and set a $63.00 price target on the stock in a report on Monday, August 5th. StockNews.com raised Five9 from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. BTIG Research reduced their target price on Five9 from $100.00 to $45.00 and set a "buy" rating for the company in a report on Friday, August 9th. Baird R W downgraded Five9 from a "strong-buy" rating to a "hold" rating in a report on Friday, August 9th. Finally, Northland Securities reduced their price objective on Five9 from $95.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, August 9th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.22.
Read Our Latest Analysis on Five9
About Five9
(
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.
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