Pacer Advisors Inc. acquired a new stake in Five9, Inc. (NASDAQ:FIVN – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 236,070 shares of the software maker’s stock, valued at approximately $4,733,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. California State Teachers Retirement System grew its stake in Five9 by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 69,189 shares of the software maker’s stock worth $1,832,000 after purchasing an additional 549 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in Five9 by 7.3% in the 4th quarter. Citizens Financial Group Inc. RI now owns 11,358 shares of the software maker’s stock valued at $228,000 after purchasing an additional 776 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Five9 by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 56,303 shares of the software maker’s stock valued at $1,129,000 after buying an additional 807 shares during the period. Quarry LP purchased a new position in shares of Five9 in the 3rd quarter valued at about $33,000. Finally, Advisory Services Network LLC acquired a new position in shares of Five9 during the third quarter worth about $38,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.
Five9 Price Performance
Shares of NASDAQ FIVN opened at $18.82 on Tuesday. The stock’s 50-day simple moving average is $20.20 and its 200-day simple moving average is $18.74. The firm has a market capitalization of $1.44 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 0.86 and a beta of 1.45. Five9, Inc. has a fifty-two week low of $13.29 and a fifty-two week high of $29.71. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.51 and a current ratio of 4.51.
Insider Buying and Selling at Five9
In related news, EVP Panos Kozanian sold 5,869 shares of Five9 stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $24.81, for a total transaction of $145,609.89. Following the sale, the executive vice president directly owned 161,671 shares in the company, valued at $4,011,057.51. This trade represents a 3.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Matthew E. Tuckness sold 8,645 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $24.81, for a total transaction of $214,482.45. Following the completion of the sale, the executive directly owned 281,492 shares of the company’s stock, valued at approximately $6,983,816.52. This trade represents a 2.98% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 85,820 shares of company stock worth $2,014,057. 1.20% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on FIVN shares. DA Davidson upped their target price on shares of Five9 from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. UBS Group lifted their price target on shares of Five9 from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Cantor Fitzgerald boosted their price target on shares of Five9 from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Five9 in a research report on Friday, May 1st. Finally, Piper Sandler restated a “neutral” rating and issued a $24.00 price objective (up from $21.00) on shares of Five9 in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $25.93.
View Our Latest Research Report on FIVN
Five9 Profile
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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