Circumference Group LLC Purchases New Shares in Five9, Inc. (NASDAQ:FIVN)

Circumference Group LLC acquired a new position in Five9, Inc. (NASDAQ:FIVN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 115,000 shares of the software maker’s stock, valued at approximately $3,304,000. Five9 makes up approximately 3.4% of Circumference Group LLC’s holdings, making the stock its 15th largest position. Circumference Group LLC owned approximately 0.15% of Five9 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in FIVN. Signaturefd LLC raised its holdings in Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after buying an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Five9 in the second quarter valued at $57,000. Quest Partners LLC bought a new stake in shares of Five9 in the 3rd quarter worth about $95,000. Cetera Advisors LLC purchased a new position in shares of Five9 during the 1st quarter worth about $226,000. Finally, Quent Capital LLC grew its holdings in Five9 by 8.7% during the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after purchasing an additional 352 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Five9

In related news, EVP Panos Kozanian sold 7,617 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was 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 of the company’s stock, valued at $2,300,372.56. This represents a 9.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Leena Mansharamani sold 1,395 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total transaction of $42,561.45. Following the transaction, the chief accounting officer now owns 36,872 shares in the company, valued at approximately $1,124,964.72. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,888 shares of company stock valued at $1,010,720. 1.80% of the stock is currently owned by insiders.

Five9 Trading Down 0.8 %

FIVN opened at $41.28 on Monday. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $92.40. The stock has a fifty day moving average price of $32.72 and a 200-day moving average price of $37.35. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of -82.56, a PEG ratio of 24.91 and a beta of 0.85. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FIVN. DA Davidson raised their price objective on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Baird R W cut Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Barclays reduced their target price on Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. StockNews.com upgraded Five9 from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $55.00 to $40.00 in a report on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Five9 has an average rating of “Moderate Buy” and an average price target of $59.22.

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.