Royce & Associates LP Reduces Stock Position in Five9, Inc. (NASDAQ:FIVN)

Royce & Associates LP trimmed its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 76.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the software maker’s stock after selling 82,466 shares during the quarter. Royce & Associates LP’s holdings in Five9 were worth $718,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FIVN. Signaturefd LLC raised its position in Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Five9 in the second quarter worth $57,000. nVerses Capital LLC purchased a new position in Five9 during the third quarter worth $141,000. Quent Capital LLC increased its position in Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after acquiring an additional 352 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new stake in shares of Five9 in the first quarter valued at $226,000. Institutional investors own 96.64% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Barry Zwarenstein sold 4,408 shares of Five9 stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at $2,743,712.04. The trade was a 4.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Daniel P. Burkland sold 2,605 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $33.41, for a total transaction of $87,033.05. Following the sale, the executive now directly owns 132,554 shares of the company’s stock, valued at $4,428,629.14. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,493 shares of company stock worth $1,097,753. 1.80% of the stock is owned by corporate insiders.

Five9 Trading Up 0.8 %

FIVN opened at $38.00 on Thursday. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $92.40. The stock has a fifty day moving average price of $30.76 and a 200-day moving average price of $38.13. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of -76.00, a PEG ratio of 22.98 and a beta of 0.85. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FIVN shares. Piper Sandler lifted their price target on shares of Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. DA Davidson raised their price objective on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Barclays cut their target price on Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Robert W. Baird raised their price target on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. 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 research 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’s stock. According to data from MarketBeat, Five9 currently has an average rating of “Moderate Buy” and a consensus price target of $59.22.

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.