Five9, Inc. (NASDAQ:FIVN) Stake Increased by Scalar Gauge Management LLC

Scalar Gauge Management LLC increased its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 191.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 462,291 shares of the software maker’s stock after acquiring an additional 303,791 shares during the period. Five9 makes up approximately 7.1% of Scalar Gauge Management LLC’s portfolio, making the stock its 3rd biggest holding. Scalar Gauge Management LLC owned 0.61% of Five9 worth $13,282,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sylebra Capital LLC boosted its stake in shares of Five9 by 28.4% during the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after acquiring an additional 666,681 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Five9 by 347.4% during the second quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock worth $33,213,000 after purchasing an additional 584,800 shares in the last quarter. Van Berkom & Associates Inc. grew its holdings in Five9 by 52.3% in the second quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock valued at $57,307,000 after purchasing an additional 446,151 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Five9 by 38.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock valued at $64,257,000 after buying an additional 406,188 shares in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Five9 during the 3rd quarter worth $11,211,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Stock Performance

Five9 stock opened at $41.28 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $92.40. The company has a fifty day moving average price of $32.72 and a two-hundred day moving average price of $37.57. The company has a market cap of $3.10 billion, a PE ratio of -82.56, a P/E/G ratio of 25.11 and a beta of 0.85.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FIVN shares. Robert W. Baird increased their price objective on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. 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 downgraded Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. BTIG Research lowered their target price on Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Rosenblatt Securities upped their price objective on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.22.

Insider Transactions at Five9

In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at $2,743,712.04. This trade represents a 4.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Panos Kozanian sold 7,617 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value 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 trade represents a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,888 shares of company stock worth $1,010,720. 1.80% of the stock is currently owned by insiders.

Five9 Company 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.