Five9, Inc. (NASDAQ:FIVN) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in Five9, Inc. (NASDAQ:FIVN) by 14.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 761,966 shares of the software maker’s stock after purchasing an additional 98,543 shares during the period. Fisher Asset Management LLC’s holdings in Five9 were worth $21,891,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIVN. Signaturefd LLC boosted its position in shares of Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after buying an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Five9 during the 2nd quarter valued at about $57,000. Quest Partners LLC acquired a new position in Five9 in the 3rd quarter valued at about $95,000. Cetera Advisors LLC purchased a new stake in Five9 during the first quarter worth about $226,000. Finally, Quent Capital LLC lifted its position in shares of Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after purchasing an additional 352 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Wall Street Analysts Forecast Growth

FIVN has been the subject of a number of research reports. Piper Sandler lifted their price objective on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $48.00 price target on shares of Five9 in a research note on Friday, November 8th. BTIG Research reduced their price objective on Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Bank of America raised Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Monday, August 5th. Finally, Baird R W downgraded Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.22.

Insider Activity at Five9

In other news, CAO Leena Mansharamani sold 1,395 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total value of $42,561.45. Following the completion of the sale, the chief accounting officer now directly owns 36,872 shares of the company’s stock, valued at approximately $1,124,964.72. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Panos Kozanian sold 7,617 shares of Five9 stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the completion of the transaction, the executive vice president now directly owns 76,628 shares in the company, valued at $2,300,372.56. The trade was a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,888 shares of company stock valued at $1,010,720 in the last three months. 1.80% of the stock is currently owned by company insiders.

Five9 Stock Performance

Shares of FIVN stock opened at $41.61 on Thursday. The stock’s 50-day moving average is $32.19 and its two-hundred day moving average is $37.63. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current 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 cap of $3.13 billion, a price-to-earnings ratio of -83.22, a PEG ratio of 24.73 and a beta of 0.85.

About Five9

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.