10,770 Shares in Five9, Inc. (NASDAQ:FIVN) Bought by Citizens Financial Group Inc. RI

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 filing with the SEC. The fund purchased 10,770 shares of the software maker’s stock, valued at approximately $309,000.

Other hedge funds have also modified their holdings of the company. Neo Ivy Capital Management acquired a new stake in shares of Five9 during the second quarter worth about $2,177,000. Scalar Gauge Management LLC purchased a new stake in shares of Five9 in the 2nd quarter valued at $6,990,000. King Luther Capital Management Corp acquired a new stake in shares of Five9 in the second quarter worth $2,062,000. Van Berkom & Associates Inc. increased its stake in shares of Five9 by 52.3% in the second quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after acquiring an additional 446,151 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new position in Five9 during the third quarter valued at $1,714,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CRO Daniel P. Burkland sold 2,605 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $33.41, for a total transaction of $87,033.05. Following the transaction, the executive now directly owns 132,554 shares in the company, valued at approximately $4,428,629.14. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,595 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total transaction of $381,250.65. Following the completion of the transaction, the chief executive officer now directly owns 253,488 shares in the company, valued at $7,673,081.76. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,493 shares of company stock valued at $1,097,753 in the last 90 days. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FIVN shares. Baird R W lowered Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Piper Sandler lifted their price target on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Rosenblatt Securities upped their price objective on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Morgan Stanley dropped their price objective on shares of Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Finally, DA Davidson boosted their target price on shares of Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $59.22.

Five9 Stock Performance

Shares of NASDAQ:FIVN opened at $40.32 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $92.40. The firm has a market capitalization of $3.03 billion, a PE ratio of -80.64, a P/E/G ratio of 23.21 and a beta of 0.85. The business’s 50 day moving average price is $31.43 and its 200-day moving average price is $38.02.

Five9 Company 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.