Glenmede Trust Co. NA Buys 151,974 Shares of Five9, Inc. $FIVN

Glenmede Trust Co. NA increased its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 35.7% in the 1st quarter, Holdings Channel reports. The firm owned 577,672 shares of the software maker’s stock after buying an additional 151,974 shares during the period. Glenmede Trust Co. NA’s holdings in Five9 were worth $8,763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Van Berkom & Associates Inc. grew its position in Five9 by 28.0% in the 4th quarter. Van Berkom & Associates Inc. now owns 3,596,380 shares of the software maker’s stock worth $72,107,000 after purchasing an additional 787,626 shares during the period. Vanguard Group Inc. raised its stake in Five9 by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 10,037,395 shares of the software maker’s stock valued at $201,250,000 after buying an additional 759,237 shares during the last quarter. Anson Funds Management LP lifted its holdings in shares of Five9 by 35.6% during the 1st quarter. Anson Funds Management LP now owns 2,086,675 shares of the software maker’s stock valued at $31,655,000 after buying an additional 547,304 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of Five9 by 1,255.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 422,772 shares of the software maker’s stock valued at $10,231,000 after buying an additional 391,590 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Five9 by 43.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,226,253 shares of the software maker’s stock worth $24,586,000 after buying an additional 374,356 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Analysts Set New Price Targets

FIVN has been the subject of several research analyst reports. DA Davidson set a $22.00 price objective on Five9 in a report on Monday. Rosenblatt Securities reissued a “buy” rating and issued a $29.00 target price on shares of Five9 in a report on Wednesday, June 24th. Jefferies Financial Group reissued a “hold” rating on shares of Five9 in a research report on Friday, May 1st. Cantor Fitzgerald restated an “overweight” rating on shares of Five9 in a research note on Monday. Finally, Weiss Ratings raised shares of Five9 from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 19th. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.93.

Five9 Trading Up 5.2%

Shares of Five9 stock opened at $28.95 on Tuesday. The company’s fifty day simple moving average is $23.35 and its 200-day simple moving average is $19.56. The stock has a market capitalization of $2.22 billion, a PE ratio of 43.86 and a beta of 1.41. Five9, Inc. has a 1-year low of $13.29 and a 1-year high of $29.41. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.51 and a quick ratio of 4.51.

Insider Transactions at Five9

In other Five9 news, CFO Bryan M. Lee sold 1,511 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $24.25, for a total transaction of $36,641.75. Following the completion of the sale, the chief financial officer owned 309,951 shares of the company’s stock, valued at approximately $7,516,311.75. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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. Also, President Andy Dignan sold 3,073 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $24.25, for a total value of $74,520.25. Following the completion of the sale, the president owned 275,687 shares of the company’s stock, valued at approximately $6,685,409.75. The trade was a 1.10% 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. Insiders sold a total of 85,820 shares of company stock worth $2,014,057 over the last three months. 1.20% of the stock is currently owned by insiders.

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.