Five9, Inc. (NASDAQ:FIVN) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lowered its stake in Five9, Inc. (NASDAQ:FIVN) by 18.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,863 shares of the software maker’s stock after selling 14,057 shares during the period. Stanley Laman Group Ltd. owned about 0.08% of Five9 worth $2,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of Five9 by 2.4% in the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock valued at $320,620,000 after acquiring an additional 259,820 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Five9 by 14.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock valued at $47,919,000 after purchasing an additional 210,836 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Five9 by 14.9% in the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock valued at $21,891,000 after buying an additional 98,543 shares during the period. Potrero Capital Research LLC acquired a new stake in shares of Five9 in the 3rd quarter valued at approximately $15,610,000. Finally, WCM Investment Management LLC lifted its holdings in shares of Five9 by 35.9% in the 4th quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker’s stock valued at $21,281,000 after buying an additional 138,019 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Trading Up 1.4 %

Shares of NASDAQ FIVN opened at $41.20 on Thursday. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $77.21. 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 simple moving average of $40.73 and a 200 day simple moving average of $35.91.

Insider Activity

In other news, EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total value of $320,683.71. Following the sale, the executive vice president now owns 69,009 shares of the company’s stock, valued at $2,904,588.81. The trade was a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Leena Mansharamani sold 1,346 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the sale, the chief accounting officer now directly owns 35,526 shares in the company, valued at $1,468,289.58. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,004 shares of company stock worth $1,209,279 over the last three months. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

FIVN has been the subject of several recent research reports. Robert W. Baird raised their price target on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Truist Financial reissued a “buy” rating and set a $65.00 price target on shares of Five9 in a research report on Tuesday, December 17th. Needham & Company LLC restated a “buy” rating and set a $52.00 price objective on shares of Five9 in a research note on Tuesday, January 21st. Rosenblatt Securities boosted their price objective on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Morgan Stanley boosted their price target on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $57.50.

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.