Centiva Capital LP Has $1.62 Million Stock Holdings in Five9, Inc. (NASDAQ:FIVN)

Centiva Capital LP increased its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 87.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,263 shares of the software maker’s stock after purchasing an additional 26,193 shares during the quarter. Centiva Capital LP owned 0.07% of Five9 worth $1,616,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Signaturefd LLC boosted its position in shares of Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after buying an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Five9 during the 2nd quarter worth approximately $57,000. Quest Partners LLC bought a new position in shares of Five9 during the 3rd quarter worth approximately $95,000. nVerses Capital LLC acquired a new stake in shares of Five9 in the third quarter valued at approximately $141,000. Finally, Cetera Advisors LLC bought a new stake in shares of Five9 in the first quarter worth $226,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Stock Performance

Shares of FIVN opened at $41.46 on Wednesday. The stock has a market cap of $3.12 billion, a P/E ratio of -82.92, a P/E/G ratio of 25.09 and a beta of 0.92. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $92.40. The business’s 50 day moving average price is $33.27 and its 200-day moving average price is $37.18.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Northland Securities lowered their price target on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. DA Davidson lifted their target price on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $55.00 to $40.00 in a research report on Tuesday, November 12th. Roth Mkm dropped their price objective on Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Piper Sandler raised their target price on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.22.

Insider Activity at Five9

In other news, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction dated 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 directly owns 101,732 shares in the company, valued at $2,743,712.04. The trade was a 4.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

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.