Loomis Sayles & Co. L P Invests $11.21 Million in Five9, Inc. (NASDAQ:FIVN)

Loomis Sayles & Co. L P purchased a new stake in Five9, Inc. (NASDAQ:FIVN) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 390,220 shares of the software maker’s stock, valued at approximately $11,211,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FIVN. Signaturefd LLC increased its position in shares of Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after acquiring an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Five9 in the 2nd quarter valued at $57,000. Quest Partners LLC purchased a new position in Five9 in the third quarter valued at about $95,000. nVerses Capital LLC acquired a new position in shares of Five9 during the third quarter worth about $141,000. Finally, Quent Capital LLC boosted its position in shares of Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after buying an additional 352 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on FIVN shares. Bank of America upgraded Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Monday, August 5th. Barclays reduced their target price on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of Five9 in a report on Friday, November 8th. Roth Mkm cut their price objective on shares of Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, DA Davidson raised their target price on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.22.

Insider Activity at Five9

In other Five9 news, EVP Panos Kozanian sold 7,617 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value of $228,662.34. Following the sale, the executive vice president now owns 76,628 shares in the company, valued at approximately $2,300,372.56. This trade represents a 9.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total value of $118,883.76. Following the transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. This represents a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,888 shares of company stock worth $1,010,720 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

Five9 Stock Performance

Shares of FIVN stock opened at $41.61 on Thursday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The business has a 50 day moving average of $32.19 and a two-hundred day moving average of $37.63. The company has a market cap of $3.13 billion, a P/E ratio of -83.22, a PEG ratio of 24.73 and a beta of 0.85. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $92.40.

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.