FORA Capital LLC Buys Shares of 46,068 Five9, Inc. (NASDAQ:FIVN)

FORA Capital LLC bought a new stake in Five9, Inc. (NASDAQ:FIVN) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 46,068 shares of the software maker’s stock, valued at approximately $1,324,000. FORA Capital LLC owned approximately 0.06% of Five9 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Signaturefd LLC boosted its holdings in shares of Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Five9 in the 2nd quarter valued at $57,000. Quest Partners LLC acquired a new stake in shares of Five9 in the 3rd quarter valued at $95,000. nVerses Capital LLC acquired a new stake in shares of Five9 in the 3rd quarter valued at $141,000. Finally, Quent Capital LLC boosted its holdings in shares of Five9 by 8.7% in the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after purchasing an additional 352 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Insider Transactions at Five9

In other news, EVP Panos Kozanian sold 7,617 shares of Five9 stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total value of $228,662.34. Following the completion of the transaction, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at approximately $2,300,372.56. This trade represents a 9.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Leena Mansharamani sold 1,395 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were 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 $1,124,964.72. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,888 shares of company stock valued at $1,010,720. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FIVN. Piper Sandler raised their price objective on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Rosenblatt Securities raised their price objective on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 8th. Morgan Stanley cut their price objective on Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Wells Fargo & Company downgraded Five9 from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $55.00 to $40.00 in a report on Tuesday, November 12th. Finally, BTIG Research cut their price objective on Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.22.

Five9 Stock Performance

FIVN stock opened at $41.61 on Thursday. The stock has a 50-day moving average price of $32.19 and a 200-day moving average price of $37.63. Five9, Inc. has a 1-year low of $26.60 and a 1-year high of $92.40. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a market cap of $3.13 billion, a PE ratio of -83.22, a price-to-earnings-growth 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.