Jupiter Topco LLC bought a new stake in Five9, Inc. (NASDAQ:FIVN – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 31,440 shares of the software maker’s stock, valued at approximately $670,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Five9 by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 10,037,395 shares of the software maker’s stock valued at $201,250,000 after acquiring an additional 759,237 shares during the period. Anson Funds Management LP increased its stake in shares of Five9 by 35.6% in the first quarter. Anson Funds Management LP now owns 2,086,675 shares of the software maker’s stock worth $31,655,000 after purchasing an additional 547,304 shares in the last quarter. S Squared Technology LLC purchased a new stake in shares of Five9 in the second quarter worth about $10,983,957. Deutsche Bank AG purchased a new position in shares of Five9 during the 2nd quarter valued at $10,432,000. Finally, Bank of New York Mellon Corp bought a new position in Five9 in the 2nd quarter worth about $10,429,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.
Five9 Stock Performance
NASDAQ:FIVN opened at $33.27 on Monday. The firm has a market capitalization of $2.55 billion, a P/E ratio of 48.22 and a beta of 1.48. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average of $28.60 and a 200 day moving average of $22.11. Five9, Inc. has a 52 week low of $13.29 and a 52 week high of $35.18.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Five9 from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Truist Financial boosted their target price on Five9 from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. Cantor Fitzgerald increased their price target on shares of Five9 from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Piper Sandler lifted their price target on shares of Five9 from $24.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, DA Davidson boosted their price objective on shares of Five9 from $22.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.14.
View Our Latest Research Report on Five9
Insider Activity
In other Five9 news, President Andy Dignan sold 17,767 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $35.03, for a total transaction of $622,378.01. Following the completion of the transaction, the president owned 257,920 shares of the company’s stock, valued at $9,034,937.60. This represents a 6.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by 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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