Sei Investments Co. raised its holdings in Five9, Inc. (NASDAQ:FIVN) by 41.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,322 shares of the software maker’s stock after buying an additional 3,871 shares during the quarter. Sei Investments Co.’s holdings in Five9 were worth $287,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Oxford Asset Management acquired a new position in Five9 in the first quarter valued at approximately $174,000. potrero capital research llc acquired a new position in shares of Five9 during the first quarter worth approximately $227,000. KCG Holdings Inc. acquired a new position in shares of Five9 during the first quarter worth approximately $236,000. Tower Research Capital LLC TRC raised its position in shares of Five9 by 2,581.2% during the first quarter. Tower Research Capital LLC TRC now owns 18,795 shares of the software maker’s stock worth $309,000 after purchasing an additional 18,094 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Five9 during the first quarter worth approximately $324,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO Barry Zwarenstein sold 3,020 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $21.01, for a total value of $63,450.20. Following the sale, the chief financial officer now directly owns 126,722 shares in the company, valued at $2,662,429.22. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Daniel P. Burkland sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $22.12, for a total value of $221,200.00. Following the completion of the sale, the executive vice president now owns 146,436 shares in the company, valued at $3,239,164.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,007 shares of company stock worth $2,215,720. Company insiders own 9.10% of the company’s stock.
Five9, Inc. (NASDAQ:FIVN) traded up 1.82% during trading on Friday, reaching $22.41. The company had a trading volume of 328,998 shares. Five9, Inc. has a one year low of $12.58 and a one year high of $24.80. The firm’s 50 day moving average is $21.30 and its 200 day moving average is $20.44. The company’s market capitalization is $1.24 billion.
A number of equities analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $26.00 target price (up from $21.00) on shares of Five9 in a research report on Wednesday, August 9th. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Tuesday, July 4th. Morgan Stanley restated an “equal weight” rating and issued a $21.00 price objective (up previously from $18.00) on shares of Five9 in a research note on Thursday, July 20th. KeyCorp reiterated a “buy” rating and set a $27.00 price target on shares of Five9 in a research note on Friday. Finally, Canaccord Genuity raised their target price on Five9 from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Five9 presently has an average rating of “Buy” and a consensus price target of $22.88.
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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