Fmr LLC Raises Holdings in Five9, Inc. (NASDAQ:FIVN)

Fmr LLC grew its stake in Five9, Inc. (NASDAQ:FIVN) by 2.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,159,760 shares of the software maker’s stock after buying an additional 259,820 shares during the quarter. Fmr LLC owned 14.84% of Five9 worth $320,620,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Qsemble Capital Management LP lifted its stake in Five9 by 282.9% during the third quarter. Qsemble Capital Management LP now owns 55,672 shares of the software maker’s stock worth $1,599,000 after purchasing an additional 41,132 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Five9 in the 3rd quarter valued at $11,211,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Five9 in the 3rd quarter valued at $1,099,000. Fisher Asset Management LLC raised its stake in Five9 by 14.9% during the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after acquiring an additional 98,543 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Five9 by 14.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock valued at $47,919,000 after acquiring an additional 210,836 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Price Performance

Five9 stock opened at $41.28 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm’s 50-day simple moving average is $32.72 and its 200 day simple moving average is $37.46. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $92.40. The firm has a market capitalization of $3.10 billion, a PE ratio of -82.56, a P/E/G ratio of 25.11 and a beta of 0.85.

Insider Buying and Selling at Five9

In related news, CAO Leena Mansharamani sold 1,395 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the transaction, the chief accounting officer now directly owns 36,872 shares in the company, valued at approximately $1,124,964.72. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CRO Daniel P. Burkland sold 3,628 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.57, for a total transaction of $110,907.96. Following the completion of the sale, the executive now owns 128,926 shares of the company’s stock, valued at approximately $3,941,267.82. The trade was a 2.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,888 shares of company stock worth $1,010,720. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Rosenblatt Securities raised their price objective on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Bank of America upgraded Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Monday, August 5th. DA Davidson raised their target price on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Piper Sandler lifted their price objective on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Truist Financial restated a “buy” rating and set a $65.00 price target on shares of Five9 in a research note on Tuesday, August 27th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.22.

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.