1 day Ago By ABMN Staff
Envestnet Asset Management Inc. reduced its position in Five9, Inc. ( NASDAQ:FIVN – Free Report ) by 3.
7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,279 shares of the software maker’s stock after selling 1,193 shares during the period. Envestnet Asset Management Inc.
’s holdings in Five9 were worth $1,271,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently bought and sold shares of FIVN. Lindbrook Capital LLC grew its holdings in Five9 by 155.
7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after buying an additional 520 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Five9 by 7,305.
6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after buying an additional 1,315 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Five9 by 3,955.
4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after buying an additional 2,571 shares during the period. Conquis Financial LLC purchased a new position in Five9 in the 4th quarter worth approximately $122,000.
Finally, FNY Investment Advisers LLC boosted its position in Five9 by 324.8% during the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock valued at $132,000 after buying an additional 2,485 shares during the period.
96.64% of the stock is owned by institutional investors. Five9 Stock Up 0.
8 % Shares of NASDAQ:FIVN opened at $25.33 on Wednesday. The company has a 50-day moving average price of $28.
40 and a 200 day moving average price of $34.98. Five9, Inc.
has a 12 month low of $21.04 and a 12 month high of $60.76.
The company has a market cap of $1.93 billion, a price-to-earnings ratio of -126.64, a PEG ratio of 9.
41 and a beta of 1.29. The company has a current ratio of 1.
85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.
Insiders Place Their Bets In related news, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.
00. Following the completion of the sale, the chief accounting officer now directly owns 47,165 shares in the company, valued at $1,424,383. This trade represents a 2.
35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction dated Tuesday, March 4th.
The shares were sold at an average price of $33.40, for a total value of $254,474.60.
Following the completion of the transaction, the executive vice president now directly owns 126,359 shares in the company, valued at $4,220,390.60. This represents a 5.
69 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold a total of 29,574 shares of company stock worth $1,004,346 over the last 90 days.
Company insiders own 1.60% of the company’s stock. Wall Street Analysts Forecast Growth Several research firms have recently issued reports on FIVN.
Piper Sandler boosted their target price on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, February 21st.
Rosenblatt Securities dropped their price target on Five9 from $58.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th.
Jefferies Financial Group dropped their target price on shares of Five9 from $45.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday.
Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price objective on shares of Five9 in a report on Friday, April 4th. Finally, Mizuho lowered their price objective on shares of Five9 from $55.
00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock.
According to MarketBeat, Five9 has a consensus rating of “Moderate Buy” and a consensus target price of $50.17. Get Our Latest Stock Report on FIVN About Five9 ( 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. Recommended Stories Want to see what other hedge funds are holding FIVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five9, Inc.
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