VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Five9, Inc. $FIVN

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Five9, Inc. (NASDAQ:FIVN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,500 shares of the software maker’s stock, valued at approximately $225,000.

Several other large investors have also recently bought and sold shares of the company. WCM Investment Management LLC lifted its holdings in Five9 by 6.6% during the 2nd quarter. WCM Investment Management LLC now owns 558,313 shares of the software maker’s stock worth $14,929,000 after buying an additional 34,402 shares in the last quarter. Gagnon Securities LLC lifted its holdings in Five9 by 7.5% during the 2nd quarter. Gagnon Securities LLC now owns 407,452 shares of the software maker’s stock worth $10,789,000 after buying an additional 28,393 shares in the last quarter. Herald Investment Management Ltd lifted its holdings in Five9 by 24.4% during the 2nd quarter. Herald Investment Management Ltd now owns 262,000 shares of the software maker’s stock worth $6,927,000 after buying an additional 51,400 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in Five9 by 38.5% during the 2nd quarter. Ameritas Advisory Services LLC now owns 32,976 shares of the software maker’s stock worth $873,000 after buying an additional 9,165 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Five9 by 10.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,240 shares of the software maker’s stock worth $271,000 after buying an additional 953 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analyst Ratings Changes

FIVN has been the topic of a number of analyst reports. DA Davidson reissued a “neutral” rating and issued a $28.00 price target on shares of Five9 in a research note on Friday, September 12th. Piper Sandler cut their price target on Five9 from $36.00 to $31.00 and set an “overweight” rating on the stock in a research note on Monday, July 14th. Wall Street Zen upgraded Five9 from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Morgan Stanley set a $30.00 target price on Five9 in a report on Tuesday, October 21st. Finally, Zacks Research upgraded Five9 from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $38.00.

Five9 Stock Performance

Shares of Five9 stock opened at $23.57 on Monday. The company has a market capitalization of $1.82 billion, a PE ratio of 261.92, a PEG ratio of 2.22 and a beta of 1.19. Five9, Inc. has a 12 month low of $20.48 and a 12 month high of $49.90. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04. The stock’s fifty day simple moving average is $24.81 and its 200 day simple moving average is $25.82.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. The business had revenue of $283.27 million for the quarter. Five9 had a return on equity of 8.91% and a net margin of 0.80%. On average, research analysts predict that Five9, Inc. will post 0.28 EPS for the current year.

Insider Transactions at Five9

In other Five9 news, insider Tiffany N. Meriweather sold 7,861 shares of Five9 stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.72, for a total value of $202,184.92. Following the sale, the insider owned 218,978 shares of the company’s stock, valued at $5,632,114.16. This trade represents a 3.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Leena Mansharamani sold 2,969 shares of Five9 stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $25.85, for a total value of $76,748.65. Following the completion of the sale, the chief accounting officer directly owned 41,522 shares in the company, valued at $1,073,343.70. This represents a 6.67% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,781 shares of company stock worth $1,563,724. 1.60% of the stock is currently owned by company insiders.

About Five9

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.