Dynamic Technology Lab Private Ltd Acquires New Holdings in Five9, Inc. (NASDAQ:FIVN)

Dynamic Technology Lab Private Ltd bought a new position in Five9, Inc. (NASDAQ:FIVN) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 38,258 shares of the software maker’s stock, valued at approximately $1,099,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIVN. Signaturefd LLC raised its holdings in Five9 by 1,892.3% during the 3rd 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 bought a new stake in Five9 during the 2nd quarter worth about $57,000. Quest Partners LLC acquired a new position in Five9 during the third quarter valued at approximately $95,000. nVerses Capital LLC bought a new position in shares of Five9 in the third quarter valued at $141,000. Finally, Quent Capital LLC grew its position in shares of Five9 by 8.7% in the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after acquiring an additional 352 shares during the period. 96.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FIVN has been the topic of a number of recent analyst reports. Barclays decreased their target price on Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Morgan Stanley dropped their target price on shares of Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Truist Financial reiterated a “buy” rating and issued a $65.00 price target on shares of Five9 in a research note on Tuesday, August 27th. Baird R W cut shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, StockNews.com raised Five9 from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Five9 has a consensus rating of “Moderate Buy” and an average target price of $59.22.

Five9 Stock Down 0.2 %

Shares of NASDAQ FIVN opened at $40.89 on Wednesday. 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 firm has a market cap of $3.08 billion, a PE ratio of -81.78, a P/E/G ratio of 24.33 and a beta of 0.85. The company’s fifty day simple moving average is $31.92 and its 200 day simple moving average is $37.60. Five9, Inc. has a 12-month low of $26.60 and a 12-month high of $92.40.

Insiders Place Their Bets

In related news, EVP Panos Kozanian sold 7,617 shares of the business’s 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 transaction, the executive vice president now directly owns 76,628 shares in the company, valued at approximately $2,300,372.56. The trade was a 9.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Leena Mansharamani sold 1,395 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total value of $42,561.45. Following the completion of the transaction, the chief accounting officer now directly owns 36,872 shares of the company’s stock, valued at approximately $1,124,964.72. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,888 shares of company stock worth $1,010,720. Insiders own 1.80% of the company’s stock.

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.