Five9, Inc. (NASDAQ:FIVN) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its position in shares of Five9, Inc. (NASDAQ:FIVNFree Report) by 35.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,613 shares of the software maker’s stock after selling 877 shares during the quarter. Farther Finance Advisors LLC’s holdings in Five9 were worth $46,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Horrell Capital Management Inc. acquired a new position in Five9 in the third quarter valued at about $3,304,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in Five9 in the third quarter valued at $316,000. Lecap Asset Management Ltd. acquired a new stake in shares of Five9 in the 3rd quarter valued at about $1,714,000. Signaturefd LLC boosted its holdings in shares of Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after acquiring an additional 984 shares during the period. Finally, nVerses Capital LLC purchased a new position in Five9 during the 3rd quarter worth $141,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Stock Down 3.4 %

Shares of Five9 stock opened at $38.96 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $92.40. The business has a 50-day moving average of $29.99 and a two-hundred day moving average of $38.82. The company has a market capitalization of $2.93 billion, a P/E ratio of -77.92, a price-to-earnings-growth ratio of 26.52 and a beta of 0.85.

Insider Transactions at Five9

In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. The trade was a 4.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Panos Kozanian sold 7,617 shares of the stock in a transaction on Wednesday, September 4th. The shares were 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 owns 76,628 shares of the company’s stock, valued at $2,300,372.56. The trade was a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,493 shares of company stock worth $1,097,753 in the last three months. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

FIVN has been the subject of several recent analyst reports. Bank of America upgraded shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Monday, August 5th. Truist Financial reissued a “buy” rating and set a $65.00 price target on shares of Five9 in a research report on Tuesday, August 27th. DA Davidson increased their price target on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Barclays dropped their price target 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. Finally, Northland Securities cut their target price on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Five9 presently has an average rating of “Moderate Buy” and a consensus price target of $59.22.

View Our Latest Analysis on FIVN

Five9 Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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