Blueshift Asset Management LLC Has $445,000 Holdings in Five9, Inc. (NASDAQ:FIVN)

Blueshift Asset Management LLC boosted its holdings in Five9, Inc. (NASDAQ:FIVN) by 47.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 15,479 shares of the software maker’s stock after acquiring an additional 4,979 shares during the period. Blueshift Asset Management LLC’s holdings in Five9 were worth $445,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FIVN. Price T Rowe Associates Inc. MD raised its holdings in Five9 by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,827 shares of the software maker’s stock valued at $2,785,000 after acquiring an additional 2,480 shares in the last quarter. Cetera Advisors LLC acquired a new position in Five9 in the first quarter valued at about $226,000. Quent Capital LLC lifted its position in Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after purchasing an additional 352 shares during the period. Harbor Capital Advisors Inc. grew its stake in Five9 by 530.8% during the second quarter. Harbor Capital Advisors Inc. now owns 15,783 shares of the software maker’s stock worth $696,000 after buying an additional 13,281 shares in the last quarter. Finally, Mirador Capital Partners LP increased its holdings in Five9 by 12.2% in the 2nd quarter. Mirador Capital Partners LP now owns 19,706 shares of the software maker’s stock valued at $869,000 after buying an additional 2,142 shares during the period. Institutional investors own 96.64% of the company’s stock.

Five9 Stock Performance

Shares of FIVN stock opened at $41.61 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9, Inc. has a one year low of $26.60 and a one year high of $92.40. The business’s 50 day simple moving average is $32.45 and its 200 day simple moving average is $37.66. The stock has a market capitalization of $3.13 billion, a PE ratio of -83.22, a PEG ratio of 24.73 and a beta of 0.85.

Wall Street Analyst Weigh In

FIVN has been the subject of a number of recent analyst reports. Northland Securities cut their price target on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, August 9th. DA Davidson raised their target price on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Barclays decreased their price target on Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Baird R W downgraded Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $55.00 to $40.00 in a research report on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.22.

Insider Activity

In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total value of $118,883.76. Following the transaction, the chief financial officer now directly owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. The trade was a 4.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total transaction of $381,250.65. Following the sale, the chief executive officer now directly owns 253,488 shares of the company’s stock, valued at approximately $7,673,081.76. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,888 shares of company stock valued at $1,010,720. 1.80% of the stock is currently owned by insiders.

Five9 Profile

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.