Mirador Capital Partners LP Grows Position in Five9, Inc. (NASDAQ:FIVN)

Mirador Capital Partners LP boosted its stake in Five9, Inc. (NASDAQ:FIVN) by 48.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,707 shares of the software maker’s stock after buying an additional 9,095 shares during the quarter. Mirador Capital Partners LP’s holdings in Five9 were worth $1,126,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. FMR LLC grew its stake in shares of Five9 by 2.4% during the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock worth $320,620,000 after acquiring an additional 259,820 shares during the period. Sylebra Capital LLC boosted its stake in Five9 by 28.4% in the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after purchasing an additional 666,681 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Five9 by 14.5% in 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 purchasing an additional 210,836 shares during the period. Fisher Asset Management LLC boosted its stake in Five9 by 14.9% in the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after purchasing an additional 98,543 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in Five9 by 347.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock worth $33,213,000 after purchasing an additional 584,800 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Needham & Company LLC lifted their price target on Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, December 16th. 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. Morgan Stanley lifted their price target on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Robert W. Baird lifted their price target on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Finally, DA Davidson raised their price objective on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.18.

Five9 Stock Up 0.8 %

Five9 stock opened at $37.47 on Thursday. The stock has a market cap of $2.82 billion, a PE ratio of -74.94, a price-to-earnings-growth ratio of 8.57 and a beta of 0.92. 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 one year low of $26.60 and a one year high of $81.24. The stock has a fifty day moving average of $40.40 and a 200 day moving average of $36.42.

Insider Activity at Five9

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total value of $320,683.71. Following the completion of the sale, the executive vice president now owns 69,009 shares in the company, valued at $2,904,588.81. This represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Burkland sold 12,594 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total value of $521,391.60. Following the completion of the sale, the chief executive officer now owns 240,894 shares of the company’s stock, valued at approximately $9,973,011.60. The trade was a 4.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,004 shares of company stock worth $1,209,279. 1.80% of the stock is owned by insiders.

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.