FNY Investment Advisers LLC Buys 2,485 Shares of Five9, Inc. (NASDAQ:FIVN)

FNY Investment Advisers LLC grew its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 324.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,250 shares of the software maker’s stock after acquiring 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 institutional investors also recently made changes to their positions in the company. Scalar Gauge Management LLC bought a new position in shares of Five9 during the second quarter worth approximately $6,990,000. Massachusetts Financial Services Co. MA increased its position in Five9 by 14.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock worth $47,919,000 after buying an additional 210,836 shares during the period. King Luther Capital Management Corp bought a new position in Five9 during the 2nd quarter worth $2,062,000. Vestcor Inc lifted its holdings in shares of Five9 by 42.9% during the third quarter. Vestcor Inc now owns 50,000 shares of the software maker’s stock worth $1,437,000 after buying an additional 15,000 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Five9 by 14.9% in the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock valued at $21,891,000 after acquiring an additional 98,543 shares during the period. Institutional investors own 96.64% of the company’s stock.

Five9 Price Performance

FIVN stock opened at $37.46 on Wednesday. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of -74.92, a P/E/G ratio of 28.33 and a beta of 0.92. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The company has a 50 day simple moving average of $40.28 and a 200 day simple moving average of $36.41. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $81.24.

Insider Transactions at Five9

In related news, CEO Michael Burkland sold 12,594 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total transaction of $521,391.60. Following the sale, the chief executive officer now owns 240,894 shares in the company, valued at $9,973,011.60. The trade was a 4.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Andy Dignan sold 4,109 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $171,961.65. Following the completion of the transaction, the chief operating officer now owns 115,818 shares of the company’s stock, valued at $4,846,983.30. This represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,004 shares of company stock worth $1,209,279. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Rosenblatt Securities raised their price target on shares of Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Robert W. Baird raised their target price on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $55.00 to $40.00 in a research note on Tuesday, November 12th. Morgan Stanley raised their price objective on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Finally, Truist Financial reiterated a “buy” rating and set a $65.00 target price on shares of Five9 in a research report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.18.

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.