Five9, Inc. (NASDAQ:FIVN) Shares Acquired by Fmr LLC

Fmr LLC boosted its stake in Five9, Inc. (NASDAQ:FIVN) by 2.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,159,760 shares of the software maker’s stock after buying an additional 259,820 shares during the period. Fmr LLC owned about 0.15% of Five9 worth $320,620,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Five9 by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,827 shares of the software maker’s stock valued at $2,785,000 after buying an additional 2,480 shares during the period. Cetera Advisors LLC bought a new position in shares of Five9 during the 1st quarter valued at about $226,000. Quent Capital LLC boosted its stake in shares of Five9 by 8.7% during the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after acquiring an additional 352 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Five9 by 530.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 15,783 shares of the software maker’s stock worth $696,000 after purchasing an additional 13,281 shares in the last quarter. Finally, Mirador Capital Partners LP increased its position in shares of Five9 by 12.2% in the second quarter. Mirador Capital Partners LP now owns 19,706 shares of the software maker’s stock worth $869,000 after acquiring an additional 2,142 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

Insider Transactions at Five9

In other news, EVP Panos Kozanian sold 7,617 shares of the business’s 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 directly owns 76,628 shares in the company, valued at $2,300,372.56. The trade was a 9.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Leena Mansharamani sold 1,395 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total value of $42,561.45. Following the sale, the chief accounting officer now directly owns 36,872 shares of the company’s stock, valued at $1,124,964.72. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,888 shares of company stock valued at $1,010,720 over the last three months. Company insiders own 1.80% of the company’s stock.

Five9 Stock Performance

Shares of FIVN opened at $41.28 on Friday. The firm’s 50 day moving average price is $32.72 and its two-hundred day moving average price is $37.46. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $92.40. The firm has a market cap of $3.10 billion, a P/E ratio of -82.56, a PEG ratio of 25.11 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. DA Davidson increased their price objective on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $48.00 price target on shares of Five9 in a report on Friday, November 8th. Baird R W cut shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $55.00 to $40.00 in a research report on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Five9 currently has a consensus rating of “Moderate Buy” and an average 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.