Blueshift Asset Management LLC Has $445,000 Position in Five9, Inc. (NASDAQ:FIVN)

Blueshift Asset Management LLC lifted its position in Five9, Inc. (NASDAQ:FIVN) by 47.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,479 shares of the software maker’s stock after acquiring an additional 4,979 shares during the period. Blueshift Asset Management LLC’s holdings in Five9 were worth $445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FIVN. Quantbot Technologies LP acquired a new stake in Five9 in the third quarter worth $5,243,000. FMR LLC lifted its holdings in Five9 by 2.4% during the third quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock worth $320,620,000 after acquiring an additional 259,820 shares in the last quarter. Qsemble Capital Management LP grew its stake in Five9 by 282.9% in the third quarter. Qsemble Capital Management LP now owns 55,672 shares of the software maker’s stock valued at $1,599,000 after acquiring an additional 41,132 shares during the period. Loomis Sayles & Co. L P bought a new stake in shares of Five9 in the third quarter worth about $11,211,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Five9 in the third quarter worth about $1,099,000. Institutional investors own 96.64% of the company’s stock.

Insiders Place Their Bets

In other Five9 news, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.27, for a total transaction of $381,250.65. Following the completion of the transaction, the chief executive officer now directly owns 253,488 shares of the company’s stock, valued at $7,673,081.76. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Panos Kozanian sold 7,617 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the completion of the transaction, the executive vice president now directly owns 76,628 shares in the company, valued at $2,300,372.56. The trade was a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,888 shares of company stock valued at $1,010,720 over the last 90 days. 1.80% of the stock is currently owned by insiders.

Five9 Stock Up 1.8 %

Five9 stock opened at $41.61 on Friday. 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 company’s 50-day moving average is $32.45 and its 200-day moving average is $37.66. The firm has a market capitalization of $3.13 billion, a PE ratio of -83.22, a P/E/G ratio of 24.73 and a beta of 0.85. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $92.40.

Analyst Upgrades and Downgrades

FIVN has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of Five9 in a research report on Friday, November 8th. Roth Mkm reduced their price target on shares of Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a report on Friday, August 9th. Bank of America upgraded shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Monday, August 5th. Baird R W lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Morgan Stanley lowered their target price on Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.22.

Five9 Company Profile

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.