FNY Investment Advisers LLC Has $132,000 Position in Five9, Inc. (NASDAQ:FIVN)

FNY Investment Advisers LLC grew its stake in Five9, Inc. (NASDAQ:FIVN) by 324.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,250 shares of the software maker’s stock after buying an additional 2,485 shares during the period. FNY Investment Advisers LLC’s holdings in Five9 were worth $132,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FIVN. Rhumbline Advisers increased its position in Five9 by 0.8% during the 2nd quarter. Rhumbline Advisers now owns 86,000 shares of the software maker’s stock valued at $3,793,000 after purchasing an additional 673 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of Five9 by 14.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 40,785 shares of the software maker’s stock valued at $1,799,000 after purchasing an additional 5,151 shares during the last quarter. 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 worth $64,257,000 after buying an additional 406,188 shares during the period. Dimensional Fund Advisors LP raised its stake in Five9 by 24.8% during the second quarter. Dimensional Fund Advisors LP now owns 363,558 shares of the software maker’s stock worth $16,031,000 after buying an additional 72,204 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in Five9 by 1,442.6% in the second quarter. Edgestream Partners L.P. now owns 65,543 shares of the software maker’s stock valued at $2,890,000 after buying an additional 61,294 shares during the period. 96.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on FIVN. Morgan Stanley increased their price target on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Rosenblatt Securities raised their target price on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Needham & Company LLC boosted their price target on Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, December 16th. 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 report on Friday, November 8th. Finally, Robert W. Baird boosted their target price on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Five9 has an average rating of “Moderate Buy” and an average price target of $58.18.

Insider Activity at Five9

In related news, CAO Leena Mansharamani sold 1,346 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total transaction of $55,630.18. Following the transaction, the chief accounting officer now directly owns 35,526 shares of the company’s stock, valued at $1,468,289.58. This trade represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Andy Dignan sold 4,109 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $171,961.65. Following the completion of the sale, the chief operating officer now directly owns 115,818 shares of the company’s stock, valued at $4,846,983.30. The trade was a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock valued at $1,209,279 over the last 90 days. Insiders own 1.80% of the company’s stock.

Five9 Stock Performance

Shares of FIVN opened at $37.46 on Wednesday. The firm has a market capitalization of $2.82 billion, a P/E ratio of -74.92, a P/E/G ratio of 28.33 and a beta of 0.92. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $81.24. The stock has a 50 day moving average price of $40.28 and a two-hundred day moving average price of $36.41. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

About Five9

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.