Five9, Inc. (FIVN) Stake Lifted by Bank of New York Mellon Corp
Bank of New York Mellon Corp raised its position in Five9, Inc. (NASDAQ:FIVN) by 3.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 250,186 shares of the software maker’s stock after purchasing an additional 9,114 shares during the period. Bank of New York Mellon Corp owned 0.46% of Five9 worth $5,383,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of FIVN. Oxford Asset Management bought a new stake in shares of Five9 in the 1st quarter valued at $174,000. Sei Investments Co. increased its position in shares of Five9 by 41.0% during the second quarter. Sei Investments Co. now owns 13,322 shares of the software maker’s stock worth $287,000 after buying an additional 3,871 shares during the period. potrero capital research llc acquired a new stake in shares of Five9 during the first quarter worth $227,000. KCG Holdings Inc. acquired a new stake in shares of Five9 during the first quarter worth $236,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Five9 by 2,581.2% during the first quarter. Tower Research Capital LLC TRC now owns 18,795 shares of the software maker’s stock worth $309,000 after buying an additional 18,094 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.
A number of brokerages recently weighed in on FIVN. Northland Securities reissued a “buy” rating and set a $25.00 target price on shares of Five9 in a research note on Friday, September 1st. Zacks Investment Research cut shares of Five9 from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Canaccord Genuity upped their price target on shares of Five9 from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, September 27th. KeyCorp reiterated a “buy” rating and set a $27.00 price target on shares of Five9 in a report on Friday, September 22nd. Finally, BidaskClub downgraded Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Five9 presently has a consensus rating of “Buy” and a consensus target price of $23.00.
Shares of Five9, Inc. (NASDAQ FIVN) opened at 25.11 on Wednesday. The company’s market cap is $1.38 billion. Five9, Inc. has a 1-year low of $12.58 and a 1-year high of $25.16. The stock has a 50 day moving average of $21.81 and a 200 day moving average of $20.91.
In related news, EVP Daniel P. Burkland sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $22.12, for a total transaction of $221,200.00. Following the transaction, the executive vice president now owns 146,436 shares in the company, valued at approximately $3,239,164.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Barry Zwarenstein sold 13,024 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $21.25, for a total value of $276,760.00. Following the transaction, the chief financial officer now owns 123,698 shares in the company, valued at approximately $2,628,582.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,007 shares of company stock valued at $2,215,720. 9.10% of the stock is currently owned by company insiders.
Five9 Company Profile
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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