OneDigital Investment Advisors LLC purchased a new position in Five9, Inc. (NASDAQ:FIVN – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 48,518 shares of the software maker’s stock, valued at approximately $1,034,000.
Several other hedge funds also recently made changes to their positions in the stock. Global Retirement Partners LLC purchased a new position in Five9 during the 2nd quarter valued at about $45,000. Bank of New York Mellon Corp bought a new stake in Five9 during the 2nd quarter worth approximately $10,429,000. State of Wyoming purchased a new stake in Five9 in the 2nd quarter worth approximately $1,241,000. Tactive Advisors LLC bought a new position in Five9 in the 2nd quarter valued at $232,000. Finally, Pacer Advisors Inc. boosted its holdings in Five9 by 71.0% in the 1st quarter. Pacer Advisors Inc. now owns 403,644 shares of the software maker’s stock valued at $6,123,000 after purchasing an additional 167,574 shares during the period. 96.64% of the stock is currently owned by hedge funds and other institutional investors.
Five9 Trading Down 3.5%
Shares of FIVN opened at $31.85 on Tuesday. The stock has a market capitalization of $2.44 billion, a P/E ratio of 46.16 and a beta of 1.41. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.94. The firm has a fifty day simple moving average of $24.95 and a two-hundred day simple moving average of $20.52. Five9, Inc. has a twelve month low of $13.29 and a twelve month high of $34.58.
Analyst Ratings Changes
FIVN has been the subject of several recent analyst reports. Robert W. Baird boosted their target price on Five9 from $22.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Weiss Ratings raised shares of Five9 from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Five9 in a research note on Friday, May 1st. Royal Bank Of Canada lifted their price objective on Five9 from $25.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, Piper Sandler boosted their target price on Five9 from $24.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Five9 currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.
View Our Latest Stock Report on Five9
Insider Buying and Selling
In other Five9 news, CFO Bryan M. Lee sold 1,511 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $24.25, for a total transaction of $36,641.75. Following the completion of the transaction, the chief financial officer owned 309,951 shares of the company’s stock, valued at $7,516,311.75. This represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Andy Dignan sold 3,073 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $24.25, for a total value of $74,520.25. Following the completion of the sale, the president owned 275,687 shares of the company’s stock, valued at approximately $6,685,409.75. This trade represents a 1.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 56,003 shares of company stock valued at $1,386,457 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.
Five9 Company Profile
Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.
Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.
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