Five9, Inc. (NASDAQ:FIVN) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. decreased its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 70.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 259,887 shares of the software maker’s stock after selling 615,901 shares during the quarter. Eagle Asset Management Inc. owned about 0.35% of Five9 worth $7,467,000 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. Sylebra Capital LLC boosted its stake in Five9 by 28.4% during the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after buying an additional 666,681 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Five9 by 347.4% during 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. Van Berkom & Associates Inc. increased its holdings in Five9 by 52.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock valued at $57,307,000 after purchasing an additional 446,151 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Five9 by 38.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock valued at $64,257,000 after purchasing an additional 406,188 shares during the period. Finally, 272 Capital LP acquired a new position in Five9 during the second quarter worth $12,722,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FIVN shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of Five9 in a research report on Friday, November 8th. BTIG Research reduced their target price on shares of Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Roth Mkm dropped their price target on shares of Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Truist Financial reiterated a “buy” rating and issued a $65.00 price objective on shares of Five9 in a research note on Tuesday, August 27th. Finally, Northland Securities lowered their target price on Five9 from $95.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Five9 currently has a consensus rating of “Moderate Buy” and an average price target of $59.22.

Insider Activity

In other Five9 news, CAO Leena Mansharamani sold 1,395 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total transaction of $42,561.45. Following the completion of the sale, the chief accounting officer now owns 36,872 shares in the company, valued at $1,124,964.72. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Panos Kozanian sold 7,617 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was 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. This represents a 9.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,888 shares of company stock worth $1,010,720. 1.80% of the stock is currently owned by corporate insiders.

Five9 Trading Up 4.8 %

FIVN opened at $40.32 on Monday. The firm has a market capitalization of $3.03 billion, a P/E ratio of -80.64, a P/E/G ratio of 23.21 and a beta of 0.85. The firm’s 50 day moving average is $31.43 and its 200-day moving average is $37.89. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 52-week low of $26.60 and a 52-week high of $92.40.

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.