SG Americas Securities LLC cut its stake in Five9, Inc. (NASDAQ:FIVN – Free Report) by 18.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 123,731 shares of the software maker’s stock after selling 28,682 shares during the quarter. SG Americas Securities LLC’s holdings in Five9 were worth $1,877,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in Five9 in the 3rd quarter worth about $33,000. Rothschild Investment LLC raised its holdings in shares of Five9 by 3,572.0% during the fourth quarter. Rothschild Investment LLC now owns 1,836 shares of the software maker’s stock valued at $37,000 after acquiring an additional 1,786 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Five9 during the third quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Five9 by 2,327.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,622 shares of the software maker’s stock valued at $53,000 after acquiring an additional 2,514 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in shares of Five9 in the third quarter valued at approximately $66,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.
Five9 Price Performance
FIVN stock opened at $23.44 on Friday. Five9, Inc. has a 1 year low of $13.29 and a 1 year high of $29.71. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.51 and a quick ratio of 4.51. The firm has a market capitalization of $1.79 billion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 1.03 and a beta of 1.46. The business has a 50 day simple moving average of $21.13 and a 200-day simple moving average of $18.74.
Insiders Place Their Bets
In other news, EVP Panos Kozanian sold 5,869 shares of Five9 stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $24.81, for a total transaction of $145,609.89. Following the transaction, the executive vice president owned 161,671 shares in the company, valued at $4,011,057.51. The trade was a 3.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Bryan M. Lee sold 1,511 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $24.25, for a total transaction of $36,641.75. Following the transaction, the chief financial officer directly owned 309,951 shares in the company, valued at approximately $7,516,311.75. The trade was a 0.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 85,820 shares of company stock worth $2,014,057. 1.20% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. DA Davidson boosted their price target on Five9 from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Zacks Research lowered Five9 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Cantor Fitzgerald lifted their target price on shares of Five9 from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Truist Financial set a $23.00 target price on shares of Five9 in a report on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Five9 in a research report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Five9 has a consensus rating of “Moderate Buy” and an average price target of $25.93.
View Our Latest Analysis on FIVN
Five9 Profile
Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.
Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.
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