State of Wyoming acquired a new stake in Five9, Inc. (NASDAQ:FIVN – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 58,199 shares of the software maker’s stock, valued at approximately $1,241,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in Five9 during the third quarter worth $33,000. Advisory Services Network LLC acquired a new position in shares of Five9 during the third quarter worth approximately $38,000. EverSource Wealth Advisors LLC grew its position in Five9 by 378.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker’s stock valued at $26,000 after purchasing an additional 1,367 shares during the period. Rothschild Investment LLC raised its holdings in Five9 by 3,572.0% during the fourth quarter. Rothschild Investment LLC now owns 1,836 shares of the software maker’s stock worth $37,000 after buying an additional 1,786 shares during the last quarter. Finally, Optiver Holding B.V. increased its position in shares of Five9 by 575.9% during the first quarter. Optiver Holding B.V. now owns 2,325 shares of the software maker’s stock worth $35,000 after acquiring an additional 1,981 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.
Five9 Trading Down 2.4%
Shares of FIVN opened at $33.00 on Friday. The business’s 50-day moving average price is $24.78 and its 200-day moving average price is $20.42. The stock has a market cap of $2.53 billion, a PE ratio of 47.83 and a beta of 1.42. Five9, Inc. has a twelve month low of $13.29 and a twelve month high of $34.58. The company has a quick ratio of 4.51, a current ratio of 4.15 and a debt-to-equity ratio of 0.94.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on FIVN. Robert W. Baird lifted their target price on Five9 from $22.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Weiss Ratings raised Five9 from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Barclays raised their target price on Five9 from $25.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Royal Bank Of Canada lifted their price objective on shares of Five9 from $25.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, Rosenblatt Securities upped their price objective on Five9 from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.50.
View Our Latest Research Report on FIVN
Insider Buying and Selling at Five9
In related news, CFO Bryan M. Lee sold 1,511 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $24.25, for a total transaction of $36,641.75. Following the transaction, the chief financial officer owned 309,951 shares of the company’s stock, valued at approximately $7,516,311.75. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Leena Mansharamani sold 2,556 shares of Five9 stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $24.81, for a total value of $63,414.36. Following the completion of the transaction, the chief accounting officer owned 57,698 shares in the company, valued at approximately $1,431,487.38. This represents a 4.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 56,003 shares of company stock valued at $1,386,457. 1.20% of the stock is currently owned by company insiders.
About Five9
Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.
Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.
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