Citizens Financial Group Inc. RI Takes Position in Five9, Inc. (NASDAQ:FIVN)

Citizens Financial Group Inc. RI purchased a new stake in shares of Five9, Inc. (NASDAQ:FIVN) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,770 shares of the software maker’s stock, valued at approximately $309,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Five9 by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock valued at $461,948,000 after purchasing an additional 150,786 shares during the last quarter. Sylebra Capital LLC boosted its stake in 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 buying an additional 666,681 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Five9 by 38.7% during 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 acquiring an additional 406,188 shares during the last quarter. Van Berkom & Associates Inc. raised its stake in shares of 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 acquiring an additional 446,151 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Five9 by 347.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock worth $33,213,000 after acquiring an additional 584,800 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FIVN shares. Robert W. Baird lifted their target price on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Northland Securities cut their price objective on Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. DA Davidson raised their target price on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 8th. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Piper Sandler raised their price objective on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and an average target price of $59.22.

Insider Buying and Selling at Five9

In other news, EVP Panos Kozanian sold 7,617 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total value of $228,662.34. Following the completion of the sale, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at approximately $2,300,372.56. This represents a 9.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Daniel P. Burkland sold 2,605 shares of Five9 stock in a transaction on Monday, August 26th. The shares were sold at an average price of $33.41, for a total transaction of $87,033.05. Following the completion of the transaction, the executive now directly owns 132,554 shares in the company, valued at $4,428,629.14. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,493 shares of company stock worth $1,097,753 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Five9 Trading Up 4.8 %

Shares of Five9 stock opened at $40.32 on Friday. Five9, Inc. has a 12-month low of $26.60 and a 12-month high of $92.40. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of -80.64, a PEG ratio of 23.21 and a beta of 0.85. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a fifty day simple moving average of $31.43 and a 200-day simple moving average of $38.02.

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.