Geode Capital Management LLC Has $34.84 Million Position in Five9, Inc. (NASDAQ:FIVN)

Geode Capital Management LLC lessened its holdings in Five9, Inc. (NASDAQ:FIVN) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,212,185 shares of the software maker’s stock after selling 71,630 shares during the period. Geode Capital Management LLC owned about 1.61% of Five9 worth $34,835,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC lifted its stake in Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after acquiring an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Five9 in the second quarter worth approximately $57,000. Quest Partners LLC acquired a new stake in shares of Five9 during the third quarter worth approximately $95,000. nVerses Capital LLC acquired a new stake in shares of Five9 during the third quarter worth approximately $141,000. Finally, Lombard Odier Asset Management USA Corp purchased a new position in Five9 during the second quarter valued at approximately $271,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Insider Buying and Selling at Five9

In related news, EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total transaction of $320,683.71. Following the transaction, the executive vice president now directly owns 69,009 shares in the company, valued at $2,904,588.81. The trade was a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Andy Dignan sold 4,109 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $171,961.65. Following the sale, the chief operating officer now directly owns 115,818 shares in the company, valued at $4,846,983.30. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,004 shares of company stock valued at $1,209,279 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Five9 Stock Down 0.2 %

FIVN opened at $42.39 on Thursday. Five9, Inc. has a 1-year low of $26.60 and a 1-year high of $81.72. 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 stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of -84.78, a P/E/G ratio of 28.88 and a beta of 0.92. The business has a 50 day moving average of $37.32 and a 200-day moving average of $36.59.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities lifted their target price on shares of Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 8th. DA Davidson lifted their price objective on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and issued a $65.00 target price on shares of Five9 in a research report on Tuesday, December 17th. Piper Sandler boosted their price target on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC increased their price objective on Five9 from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $58.18.

Five9 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.