Pacer Advisors Inc. Raises Stock Position in Five9, Inc. $FIVN

Pacer Advisors Inc. increased its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 71.0% in the 1st quarter, HoldingsChannel reports. The firm owned 403,644 shares of the software maker’s stock after acquiring an additional 167,574 shares during the quarter. Pacer Advisors Inc.’s holdings in Five9 were worth $6,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Five9 by 378.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker’s stock valued at $26,000 after purchasing an additional 1,367 shares during the last quarter. Quarry LP purchased a new position in shares of Five9 during the 3rd quarter valued at about $33,000. Optiver Holding B.V. raised its stake in shares of Five9 by 575.9% during the 1st quarter. Optiver Holding B.V. now owns 2,325 shares of the software maker’s stock valued at $35,000 after buying an additional 1,981 shares during the last quarter. Rothschild Investment LLC raised its stake in shares of Five9 by 3,572.0% during the 4th quarter. Rothschild Investment LLC now owns 1,836 shares of the software maker’s stock valued at $37,000 after buying an additional 1,786 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Five9 in the 1st quarter valued at about $38,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Five9

In other Five9 news, President Andy Dignan sold 8,203 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $24.76, for a total transaction of $203,106.28. Following the transaction, the president owned 278,760 shares in the company, valued at approximately $6,902,097.60. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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, CRO Matthew E. Tuckness sold 8,645 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $24.81, for a total value of $214,482.45. Following the completion of the sale, the executive directly owned 281,492 shares in the company, valued at approximately $6,983,816.52. The trade was a 2.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 85,820 shares of company stock valued at $2,014,057 in the last ninety days. 1.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FIVN has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Five9 in a research note on Friday, May 1st. Weiss Ratings upgraded Five9 from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 19th. Zacks Research downgraded Five9 from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. UBS Group upped their price objective on Five9 from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, DA Davidson set a $22.00 price objective on shares of Five9 in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.93.

Five9 Price Performance

NASDAQ:FIVN opened at $29.60 on Thursday. Five9, Inc. has a 52 week low of $13.29 and a 52 week high of $30.21. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $2.27 billion, a PE ratio of 44.85 and a beta of 1.42. The stock’s 50-day moving average price is $23.64 and its 200-day moving average price is $19.71.

Five9 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.