Alberta Investment Management Corp Buys Shares of 214,240 Five9, Inc. (NASDAQ:FIVN)

Alberta Investment Management Corp bought a new stake in Five9, Inc. (NASDAQ:FIVN) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 214,240 shares of the software maker’s stock, valued at approximately $8,707,000. Alberta Investment Management Corp owned approximately 0.28% of Five9 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC grew its holdings in Five9 by 2.4% during the third quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock worth $320,620,000 after acquiring an additional 259,820 shares during the period. Massachusetts Financial Services Co. MA grew its holdings 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 worth $47,919,000 after acquiring an additional 210,836 shares during the period. Fisher Asset Management LLC grew its holdings in Five9 by 14.9% during the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after acquiring an additional 98,543 shares during the period. Potrero Capital Research LLC acquired a new position in Five9 during the third quarter worth $15,610,000. Finally, WCM Investment Management LLC grew its holdings in Five9 by 35.9% during the fourth quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker’s stock worth $21,281,000 after acquiring an additional 138,019 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on FIVN shares. Robert W. Baird upped their target price on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Cantor Fitzgerald started coverage on Five9 in a report on Friday, January 17th. They issued an “overweight” rating and a $46.00 target price on the stock. Rosenblatt Securities upped their target price on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 8th. Truist Financial reissued a “buy” rating and issued a $65.00 target price on shares of Five9 in a report on Tuesday, December 17th. Finally, Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $55.00 to $40.00 in a report on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.50.

Five9 Stock Performance

NASDAQ FIVN opened at $41.82 on Thursday. The business’s 50-day moving average price is $40.60 and its 200 day moving average price is $35.85. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $71.94. The company has a market capitalization of $3.15 billion, a PE ratio of -83.64, a price-to-earnings-growth ratio of 9.06 and a beta of 0.93. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Insider Buying and Selling

In other Five9 news, CAO Leena Mansharamani sold 1,346 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the completion of the sale, the chief accounting officer now directly owns 35,526 shares in the company, valued at $1,468,289.58. This represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total value of $320,683.71. Following the sale, the executive vice president now owns 69,009 shares of the company’s stock, valued at $2,904,588.81. This represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,004 shares of company stock worth $1,209,279. 1.80% of the stock is owned by company 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.