Altshuler Shaham Ltd lifted its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 24.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 393 shares of the software maker’s stock after purchasing an additional 76 shares during the quarter. Altshuler Shaham Ltd’s holdings in Five9 were worth $51,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Huntington National Bank acquired a new stake in Five9 in the 2nd quarter valued at about $34,000. Valeo Financial Advisors LLC raised its stake in shares of Five9 by 23.5% during the third quarter. Valeo Financial Advisors LLC now owns 473 shares of the software maker’s stock valued at $61,000 after purchasing an additional 90 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Five9 during the third quarter valued at about $78,000. CSat Investment Advisory L.P. bought a new stake in shares of Five9 during the second quarter valued at about $92,000. Finally, NEXT Financial Group Inc bought a new stake in shares of Five9 during the third quarter valued at about $96,000. 99.06% of the stock is currently owned by institutional investors and hedge funds.

In other Five9 news, President Daniel P. Burkland sold 4,528 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $115.91, for a total value of $524,840.48. Following the sale, the president now directly owns 97,393 shares in the company, valued at $11,288,822.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Barry Zwarenstein sold 2,990 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $114.00, for a total value of $340,860.00. Following the completion of the sale, the chief financial officer now owns 111,512 shares in the company, valued at $12,712,368. The disclosure for this sale can be found here. Insiders sold 102,056 shares of company stock worth $12,232,905 over the last quarter. Company insiders own 3.00% of the company’s stock.

FIVN has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on shares of Five9 from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, October 30th. Stephens upgraded Five9 from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $140.00 to $175.00 in a report on Friday, October 30th. BidaskClub upgraded Five9 from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 29th. ValuEngine upgraded Five9 from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. Finally, Piper Sandler initiated coverage on Five9 in a report on Wednesday, September 9th. They set an “overweight” rating and a $133.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Five9 presently has a consensus rating of “Buy” and an average target price of $128.46.

FIVN opened at $148.67 on Friday. The stock has a market cap of $9.81 billion, a PE ratio of -280.50 and a beta of 0.50. The company has a current ratio of 9.32, a quick ratio of 9.32 and a debt-to-equity ratio of 2.46. Five9, Inc. has a 1 year low of $52.51 and a 1 year high of $167.17. The stock’s 50 day simple moving average is $144.19 and its 200-day simple moving average is $120.98.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, October 29th. The software maker reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. Five9 had a positive return on equity of 0.40% and a negative net margin of 8.54%. The firm had revenue of $112.10 million for the quarter, compared to analysts’ expectations of $101.10 million. During the same period in the prior year, the business posted $0.20 earnings per share. The business’s revenue was up 33.8% compared to the same quarter last year. Equities analysts forecast that Five9, Inc. will post -0.09 earnings per share for the current fiscal year.

About Five9

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 digital engagement channels between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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