Five9, Inc. (NASDAQ:FIVN) Shares Sold by Credit Suisse AG

Credit Suisse AG lessened its position in Five9, Inc. (NASDAQ:FIVN – Get Rating) by 88.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,593 shares of the software maker’s stock after selling 463,708 shares during the period. Credit Suisse AG owned approximately 0.09% of Five9 worth $4,543,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. First Horizon Advisors Inc. increased its holdings in shares of Five9 by 1,247.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 283 shares of the software maker’s stock worth $25,000 after acquiring an additional 262 shares during the period. Lazard Asset Management LLC acquired a new position in Five9 during the 1st quarter valued at about $41,000. Neo Ivy Capital Management increased its stake in Five9 by 117.6% during the 2nd quarter. Neo Ivy Capital Management now owns 470 shares of the software maker’s stock valued at $42,000 after buying an additional 254 shares during the period. CWM LLC increased its stake in Five9 by 845.9% during the 3rd quarter. CWM LLC now owns 577 shares of the software maker’s stock valued at $43,000 after buying an additional 516 shares during the period. Finally, Heritage Wealth Management LLC acquired a new position in Five9 during the 2nd quarter valued at about $54,000.

Analyst Ratings Changes

Several equities analysts have commented on FIVN shares. Bank of America lowered their target price on shares of Five9 from $75.00 to $61.00 in a research note on Tuesday, November 8th. Canaccord Genuity Group lifted their price objective on shares of Five9 from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. BTIG Research lowered their price objective on shares of Five9 from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, November 8th. William Blair reaffirmed an “outperform” rating on shares of Five9 in a research note on Wednesday, February 22nd. Finally, Moffett Nathanson decreased their target price on shares of Five9 to $60.00 in a report on Tuesday, November 15th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.67.

Insider Activity

In related news, CAO Leena Mansharamani sold 408 shares of the company’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $65.52, for a total transaction of $26,732.16. Following the transaction, the chief accounting officer now owns 14,344 shares in the company, valued at approximately $939,818.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Leena Mansharamani sold 408 shares of the company’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $65.52, for a total transaction of $26,732.16. Following the transaction, the chief accounting officer now owns 14,344 shares in the company, valued at approximately $939,818.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Barry Zwarenstein sold 2,993 shares of the company’s stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $66.22, for a total transaction of $198,196.46. Following the transaction, the chief financial officer now owns 100,666 shares in the company, valued at approximately $6,666,102.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,693 shares of company stock worth $7,528,915. Corporate insiders own 2.40% of the company’s stock.

Five9 Stock Down 4.3 %

FIVN opened at $68.15 on Tuesday. Five9, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $121.17. The company has a debt-to-equity ratio of 2.74, a current ratio of 4.90 and a quick ratio of 4.90. The firm’s fifty day moving average price is $74.29 and its two-hundred day moving average price is $74.19. The company has a market capitalization of $4.80 billion, a P/E ratio of -50.48 and a beta of 0.65.

Five9 Profile

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Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.