S Squared Technology LLC acquired a new stake in shares of Five9, Inc. (NASDAQ:FIVN – Free Report) in the second quarter, HoldingsChannel reports. The firm acquired 515,195 shares of the software maker’s stock, valued at approximately $10,983,957,000. Five9 accounts for approximately 3.4% of S Squared Technology LLC’s holdings, making the stock its 10th biggest holding.
Other large investors have also recently made changes to their positions in the company. Van Berkom & Associates Inc. lifted its position in shares of Five9 by 28.0% in the fourth quarter. Van Berkom & Associates Inc. now owns 3,596,380 shares of the software maker’s stock worth $72,107,000 after buying an additional 787,626 shares in the last quarter. Vanguard Group Inc. grew its holdings in Five9 by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 10,037,395 shares of the software maker’s stock valued at $201,250,000 after buying an additional 759,237 shares in the last quarter. Anson Funds Management LP increased its stake in Five9 by 35.6% in the 1st quarter. Anson Funds Management LP now owns 2,086,675 shares of the software maker’s stock worth $31,655,000 after acquiring an additional 547,304 shares during the last quarter. Deutsche Bank AG bought a new stake in Five9 in the 2nd quarter worth approximately $10,432,000. Finally, Bank of New York Mellon Corp bought a new stake in Five9 in the 2nd quarter worth approximately $10,429,000. 96.64% of the stock is owned by institutional investors.
Five9 Stock Up 0.1%
Shares of FIVN opened at $32.77 on Tuesday. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average of $26.10 and a 200 day moving average of $21.05. The company has a market cap of $2.51 billion, a PE ratio of 47.49 and a beta of 1.41. Five9, Inc. has a 52-week low of $13.29 and a 52-week high of $34.58.
Insider Activity
In related news, President Andy Dignan sold 8,203 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $24.76, for a total value of $203,106.28. Following the sale, the president directly owned 278,760 shares of the company’s stock, valued at $6,902,097.60. This represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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, CFO Bryan M. Lee sold 16,620 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $24.81, for a total transaction of $412,342.20. Following the completion of the sale, the chief financial officer directly owned 311,462 shares of the company’s stock, valued at approximately $7,727,372.22. The trade was a 5.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold 56,003 shares of company stock worth $1,386,457 in the last 90 days. Company insiders own 1.20% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently commented on FIVN. Piper Sandler increased their target price on Five9 from $24.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Jefferies Financial Group reissued a “hold” rating on shares of Five9 in a report on Friday, May 1st. Canaccord Genuity Group boosted their price target on shares of Five9 from $33.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank Of Canada upped their price target on shares of Five9 from $25.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Rosenblatt Securities increased their price objective on shares of Five9 from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Five9 has a consensus rating of “Moderate Buy” and an average price target of $31.93.
Read Our Latest Stock Report on Five9
Five9 Company 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.
Further Reading
- Five stocks we like better than Five9
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Want to see what other hedge funds are holding FIVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five9, Inc. (NASDAQ:FIVN – Free Report).
Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.
