Five9, Inc. (NASDAQ:FIVN) Stake Lessened by Eagle Asset Management Inc.

Eagle Asset Management Inc. decreased its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 70.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 259,887 shares of the software maker’s stock after selling 615,901 shares during the quarter. Eagle Asset Management Inc.’s holdings in Five9 were worth $7,467,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Five9 by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock worth $461,948,000 after acquiring an additional 150,786 shares during the period. Sylebra Capital LLC boosted its holdings in shares of Five9 by 28.4% during the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after purchasing an additional 666,681 shares during the period. Massachusetts Financial Services Co. MA grew its position in Five9 by 14.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock valued at $47,919,000 after purchasing an additional 210,836 shares in the last quarter. Van Berkom & Associates Inc. increased its stake in Five9 by 52.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock valued at $57,307,000 after buying an additional 446,151 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in Five9 by 347.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock valued at $33,213,000 after buying an additional 584,800 shares during the period. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Price Performance

NASDAQ FIVN opened at $40.32 on Monday. The stock has a 50-day simple moving average of $31.43 and a 200 day simple moving average of $37.89. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $92.40. The stock has a market capitalization of $3.03 billion, a PE ratio of -80.64, a P/E/G ratio of 23.21 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.

Insider Transactions at Five9

In other news, CFO Barry Zwarenstein sold 4,408 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. This represents a 4.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total value of $381,250.65. Following the sale, the chief executive officer now directly owns 253,488 shares in the company, valued at approximately $7,673,081.76. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,888 shares of company stock worth $1,010,720 over the last three months. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Robert W. Baird boosted their price target on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Morgan Stanley dropped their target price on Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. BTIG Research reduced their price target on Five9 from $100.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 9th. Baird R W downgraded Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Northland Securities reduced their target price on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Five9 currently has a consensus rating of “Moderate Buy” and an average target price of $59.22.

Five9 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.