Five9, Inc. (FIVN) Holdings Increased by Wolverine Trading LLC
Wolverine Trading LLC raised its holdings in Five9, Inc. (NASDAQ:FIVN) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,036 shares of the software maker’s stock after buying an additional 522 shares during the quarter. Wolverine Trading LLC’s holdings in Five9 were worth $254,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Five9 by 25.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock valued at $70,972,000 after buying an additional 670,939 shares during the period. Renaissance Technologies LLC grew its holdings in Five9 by 6.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,113,600 shares of the software maker’s stock valued at $45,485,000 after buying an additional 132,100 shares during the period. Russell Investments Group Ltd. grew its holdings in Five9 by 69.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,703,148 shares of the software maker’s stock valued at $36,650,000 after buying an additional 697,949 shares during the period. Scge Management L.P. purchased a new stake in Five9 in the 1st quarter valued at about $18,702,000. Finally, FMR LLC grew its holdings in Five9 by 19.6% in the 2nd quarter. FMR LLC now owns 956,737 shares of the software maker’s stock valued at $20,589,000 after buying an additional 156,737 shares during the period. Institutional investors own 91.24% of the company’s stock.
In other Five9 news, EVP Daniel P. Burkland sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $22.35, for a total value of $223,500.00. Following the transaction, the executive vice president now directly owns 173,498 shares of the company’s stock, valued at approximately $3,877,680.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Barry Zwarenstein sold 3,020 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $21.01, for a total value of $63,450.20. Following the completion of the transaction, the chief financial officer now directly owns 126,722 shares in the company, valued at $2,662,429.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,007 shares of company stock valued at $2,215,720. Company insiders own 9.10% of the company’s stock.
FIVN has been the subject of several recent analyst reports. Canaccord Genuity lifted their price target on Five9 from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research cut Five9 from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. KeyCorp restated a “buy” rating and issued a $27.00 price target on shares of Five9 in a report on Friday, September 22nd. Morgan Stanley restated an “equal weight” rating and issued a $21.00 price target (up previously from $18.00) on shares of Five9 in a report on Thursday, July 20th. Finally, Northland Securities set a $25.00 price target on Five9 and gave the company a “buy” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $23.00.
Shares of Five9, Inc. (NASDAQ:FIVN) traded up 0.91% during mid-day trading on Thursday, hitting $23.25. The stock had a trading volume of 54,475 shares. Five9, Inc. has a one year low of $12.58 and a one year high of $24.80. The company has a 50-day moving average of $21.30 and a 200 day moving average of $20.44. The firm’s market cap is $1.28 billion.
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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