Natixis Advisors LLC Takes Position in Five9, Inc. (NASDAQ:FIVN)

Natixis Advisors LLC acquired a new position in Five9, Inc. (NASDAQ:FIVN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,639 shares of the software maker’s stock, valued at approximately $679,000.

Other institutional investors also recently bought and sold shares of the company. Sylebra Capital LLC lifted its stake in Five9 by 28.4% in the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after acquiring an additional 666,681 shares during the period. Point72 Asset Management L.P. lifted its position in shares of 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. Van Berkom & Associates Inc. boosted its position in Five9 by 52.3% during 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 acquiring an additional 446,151 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Five9 by 38.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock valued at $64,257,000 after acquiring an additional 406,188 shares during the period. Finally, 272 Capital LP bought a new position in shares of Five9 in the 2nd quarter worth $12,722,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FIVN shares. Truist Financial reiterated a “buy” rating and issued a $65.00 target price on shares of Five9 in a research note on Tuesday, August 27th. Barclays decreased their target price on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. DA Davidson lifted their price target on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Rosenblatt Securities increased 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. Finally, Robert W. Baird boosted their target price on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.22.

Five9 Trading Up 1.8 %

Shares of Five9 stock opened at $41.61 on Thursday. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $92.40. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The stock 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. The firm has a fifty day moving average price of $32.19 and a 200 day moving average price of $37.63.

Insider Buying and Selling at Five9

In other news, EVP Panos Kozanian sold 7,617 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 76,628 shares of the company’s stock, valued at $2,300,372.56. This trade represents a 9.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Burkland sold 12,595 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.27, for a total transaction of $381,250.65. Following the completion of the transaction, the chief executive officer now owns 253,488 shares of the company’s stock, valued at approximately $7,673,081.76. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,888 shares of company stock worth $1,010,720. Insiders own 1.80% of the company’s stock.

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.