Envestnet Asset Management Inc. Has $3.38 Million Stock Position in Five9, Inc. (NASDAQ:FIVN)

Envestnet Asset Management Inc. grew its position in Five9, Inc. (NASDAQ:FIVN – Get Rating) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,023 shares of the software maker’s stock after buying an additional 667 shares during the period. Envestnet Asset Management Inc. owned approximately 0.06% of Five9 worth $3,376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in Five9 during the 1st quarter worth about $41,000. Neo Ivy Capital Management lifted its position in Five9 by 117.6% during the 2nd quarter. Neo Ivy Capital Management now owns 470 shares of the software maker’s stock worth $42,000 after buying an additional 254 shares in the last quarter. CWM LLC lifted its position in Five9 by 845.9% during the 3rd quarter. CWM LLC now owns 577 shares of the software maker’s stock worth $43,000 after buying an additional 516 shares in the last quarter. Heritage Wealth Management LLC bought a new stake in Five9 during the 2nd quarter worth about $54,000. Finally, Advisors Asset Management Inc. lifted its position in Five9 by 44.0% during the 1st quarter. Advisors Asset Management Inc. now owns 1,369 shares of the software maker’s stock worth $151,000 after buying an additional 418 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Jefferies Financial Group cut shares of Five9 from a “buy” rating to a “hold” rating and boosted their price target for the stock from $55.00 to $65.00 in a research report on Thursday, January 5th. Northland Securities boosted their price objective on shares of Five9 from $80.00 to $85.00 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. Canaccord Genuity Group boosted 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. Finally, Evercore ISI lowered their price objective on shares of Five9 to $80.00 in a research note on Tuesday, November 15th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Five9 presently has a consensus rating of “Moderate Buy” and an average price target of $84.67.

Five9 Stock Performance

Shares of NASDAQ:FIVN opened at $68.13 on Tuesday. The company’s 50 day moving average price is $74.25 and its two-hundred day moving average price is $72.51. Five9, Inc. has a 12-month low of $46.61 and a 12-month high of $121.17. The firm has a market cap of $4.85 billion, a PE ratio of -50.47 and a beta of 0.72. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 2.38.

Insiders Place Their Bets

In other news, CRO Daniel P. Burkland sold 547 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $68.02, for a total transaction of $37,206.94. Following the completion of the sale, the executive now owns 147,157 shares of the company’s stock, valued at approximately $10,009,619.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CRO Daniel P. Burkland sold 547 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $68.02, for a total transaction of $37,206.94. Following the completion of the sale, the executive now owns 147,157 shares of the company’s stock, valued at approximately $10,009,619.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Panos Kozanian sold 1,595 shares of the company’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $68.61, for a total transaction of $109,432.95. Following the sale, the executive vice president now directly owns 79,173 shares of the company’s stock, valued at approximately $5,432,059.53. The disclosure for this sale can be found here. Insiders have sold a total of 91,898 shares of company stock worth $6,553,618 in the last quarter. Corporate insiders own 2.40% of the company’s stock.

Five9 Company 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.