Five9, Inc. (NASDAQ:FIVN) Stock Holdings Decreased by Wellington Management Group LLP

Wellington Management Group LLP reduced its holdings in Five9, Inc. (NASDAQ:FIVN) by 25.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,182,522 shares of the software maker’s stock after selling 407,600 shares during the period. Wellington Management Group LLP owned about 1.57% of Five9 worth $33,974,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FIVN. FMR LLC boosted its stake in shares of Five9 by 2.4% during the 3rd 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. Sylebra Capital LLC increased its stake in Five9 by 28.4% during the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after acquiring an additional 666,681 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Five9 by 14.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock valued at $47,919,000 after acquiring an additional 210,836 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in shares of Five9 by 52.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after acquiring an additional 446,151 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of Five9 by 14.9% in the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after acquiring an additional 98,543 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FIVN has been the subject of a number of recent research reports. Morgan Stanley cut their target price on Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Truist Financial restated a “buy” rating and issued a $65.00 price objective on shares of Five9 in a research note on Tuesday, August 27th. Needham & Company LLC reiterated a “buy” rating and set a $48.00 target price on shares of Five9 in a research report on Friday, November 8th. Rosenblatt Securities increased their price target on shares of Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Robert W. Baird lifted their price objective on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Five9 currently has a consensus rating of “Moderate Buy” and an average target price of $59.22.

Five9 Stock Performance

FIVN stock opened at $43.41 on Friday. The stock has a market capitalization of $3.26 billion, a PE ratio of -86.82, a price-to-earnings-growth ratio of 25.64 and a beta of 0.92. 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 has a 50 day moving average price of $35.27 and a 200 day moving average price of $36.93. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $85.00.

Insider Activity

In other Five9 news, CEO Michael Burkland sold 12,594 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total value of $521,391.60. Following the transaction, the chief executive officer now directly owns 240,894 shares of the company’s stock, valued at approximately $9,973,011.60. This trade represents a 4.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Andy Dignan sold 4,109 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total transaction of $171,961.65. Following the sale, the chief operating officer now owns 115,818 shares of the company’s stock, valued at $4,846,983.30. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock valued at $1,209,279 over the last 90 days. 1.80% of the stock is owned by company insiders.

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.