144,581 Shares in Five9, Inc. (NASDAQ:FIVN) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new stake in shares of Five9, Inc. (NASDAQ:FIVN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 144,581 shares of the software maker’s stock, valued at approximately $4,154,000. Wilmington Savings Fund Society FSB owned 0.19% of Five9 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FIVN. Signaturefd LLC lifted its stake in shares of Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Five9 in the second quarter worth about $57,000. Quest Partners LLC purchased a new stake in shares of Five9 during the third quarter valued at about $95,000. nVerses Capital LLC bought a new stake in shares of Five9 in the 3rd quarter valued at about $141,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Five9 in the 3rd quarter worth approximately $145,000. Institutional investors own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FIVN shares. Piper Sandler lifted their price target on shares of Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Morgan Stanley decreased their price objective on shares of Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Needham & Company LLC reissued a “buy” rating and set a $48.00 target price on shares of Five9 in a research report on Friday, November 8th. Truist Financial restated a “buy” rating and set a $65.00 price target on shares of Five9 in a research note on Tuesday, August 27th. Finally, Rosenblatt Securities boosted their price objective on shares of Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.22.

Five9 Trading Up 0.9 %

Shares of NASDAQ FIVN opened at $43.41 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. The firm has a fifty day moving average of $35.27 and a 200 day moving average of $36.93. Five9, Inc. has a one year low of $26.60 and a one year high of $85.00.

Insider Activity

In other Five9 news, COO Andy Dignan sold 4,109 shares of Five9 stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total transaction of $171,961.65. Following the sale, the chief operating officer now owns 115,818 shares of the company’s stock, valued at $4,846,983.30. The trade was a 3.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Burkland sold 12,594 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total transaction of $521,391.60. Following the sale, the chief executive officer now directly owns 240,894 shares of the company’s stock, valued at $9,973,011.60. The trade was a 4.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock worth $1,209,279 over the last 90 days. 1.80% 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.