Janney Montgomery Scott LLC Acquires Shares of 28,232 Five9, Inc. (NASDAQ:FIVN)

Janney Montgomery Scott LLC acquired a new stake in Five9, Inc. (NASDAQ:FIVN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,232 shares of the software maker’s stock, valued at approximately $811,000.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC grew its holdings in 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 purchasing an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Five9 in the second quarter valued at approximately $57,000. nVerses Capital LLC acquired a new stake in Five9 in the third quarter valued at approximately $141,000. Quent Capital LLC boosted its stake in shares of Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after acquiring an additional 352 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of Five9 in the first quarter worth approximately $226,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Price Performance

NASDAQ:FIVN opened at $38.07 on Monday. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $92.40. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $2.86 billion, a P/E ratio of -76.14, a P/E/G ratio of 22.98 and a beta of 0.85. The stock’s fifty day moving average is $30.36 and its two-hundred day moving average is $38.54.

Wall Street Analyst Weigh In

FIVN has been the topic of a number of research analyst reports. Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $55.00 to $40.00 in a research note on Tuesday, November 12th. Robert W. Baird lifted 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. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price target on shares of Five9 in a research note on Tuesday, August 27th. DA Davidson lifted 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. Finally, Bank of America raised Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $59.22.

Insider Buying and Selling at Five9

In related news, CRO Daniel P. Burkland sold 2,605 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $33.41, for a total value of $87,033.05. Following the sale, the executive now owns 132,554 shares in the company, valued at approximately $4,428,629.14. The trade was a 1.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 101,732 shares in the company, valued at $2,743,712.04. This represents a 4.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,493 shares of company stock worth $1,097,753 over the last quarter. 1.80% of the stock is currently owned by company insiders.

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.