Suntrust Banks Inc. cut its position in shares of Five9 Inc (NASDAQ:FIVN) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,698 shares of the software maker’s stock after selling 218 shares during the quarter. Suntrust Banks Inc.’s holdings in Five9 were worth $904,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Flinton Capital Management LLC bought a new position in Five9 in the 4th quarter worth approximately $30,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of Five9 during the 4th quarter valued at $34,000. Private Capital Group LLC raised its position in shares of Five9 by 263.4% during the 4th quarter. Private Capital Group LLC now owns 1,061 shares of the software maker’s stock valued at $46,000 after acquiring an additional 769 shares during the last quarter. Bank of Montreal Can raised its position in shares of Five9 by 58.3% during the 4th quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock valued at $49,000 after acquiring an additional 418 shares during the last quarter. Finally, Strs Ohio raised its position in shares of Five9 by 112.5% during the 4th quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock valued at $148,000 after acquiring an additional 1,800 shares during the last quarter.
NASDAQ:FIVN traded down $0.28 on Friday, hitting $49.55. 460,437 shares of the company’s stock were exchanged, compared to its average volume of 723,453. The company has a debt-to-equity ratio of 1.41, a current ratio of 6.96 and a quick ratio of 6.96. Five9 Inc has a 52 week low of $26.92 and a 52 week high of $57.90. The stock has a market capitalization of $2.96 billion, a PE ratio of 330.33 and a beta of 0.62.
FIVN has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, January 1st. Stephens reiterated a “hold” rating and set a $48.00 target price on shares of Five9 in a research report on Tuesday, February 19th. JPMorgan Chase & Co. boosted their price target on shares of Five9 to $58.00 and gave the company a “neutral” rating in a report on Wednesday, February 20th. They noted that the move was a valuation call. Barclays boosted their price target on shares of Five9 to $57.00 and gave the company an “equal weight” rating in a report on Wednesday, February 20th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of Five9 from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $52.38.
In other Five9 news, President Daniel P. Burkland sold 15,000 shares of the stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $46.51, for a total transaction of $697,650.00. Following the transaction, the president now owns 159,869 shares in the company, valued at approximately $7,435,507.19. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Scott Welch sold 1,032 shares of the stock in a transaction that occurred on Wednesday, January 23rd. The stock was sold at an average price of $46.17, for a total transaction of $47,647.44. Following the transaction, the executive vice president now owns 63,831 shares in the company, valued at approximately $2,947,077.27. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 303,289 shares of company stock worth $16,126,045. 5.10% of the stock is owned by insiders.
Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.
Further Reading: Net Asset Value
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