Vanguard Group Inc. Has $362.42 Million Stock Position in Five9, Inc. (NASDAQ:FIVN)

Vanguard Group Inc. reduced its stake in shares of Five9, Inc. ( NASDAQ:FIVN – Free Report ) by 1.

0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,917,737 shares of the software maker’s stock after selling 90,006 shares during the quarter. Vanguard Group Inc.



owned 0.12% of Five9 worth $362,417,000 at the end of the most recent quarter. A number of other hedge funds have also recently bought and sold shares of the stock.

Intech Investment Management LLC bought a new stake in shares of Five9 in the 3rd quarter worth approximately $281,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Five9 by 13.4% in the third quarter.

Zurcher Kantonalbank Zurich Cantonalbank now owns 19,069 shares of the software maker’s stock valued at $548,000 after purchasing an additional 2,254 shares in the last quarter. Verition Fund Management LLC lifted its position in Five9 by 144.3% in the third quarter.

Verition Fund Management LLC now owns 49,511 shares of the software maker’s stock worth $1,422,000 after purchasing an additional 29,248 shares during the period. XTX Topco Ltd acquired a new stake in Five9 during the third quarter worth $629,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in Five9 by 371.

9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 84,112 shares of the software maker’s stock valued at $2,417,000 after buying an additional 66,286 shares during the period. 96.

64% of the stock is owned by institutional investors. Five9 Stock Down 8.1 % Shares of NASDAQ FIVN opened at $25.

24 on Friday. 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 company has a market cap of $1.

91 billion, a price-to-earnings ratio of -126.19, a price-to-earnings-growth ratio of 9.41 and a beta of 1.

29. Five9, Inc. has a 12-month low of $24.

70 and a 12-month high of $63.30. The firm’s 50-day simple moving average is $35.

54 and its 200 day simple moving average is $35.70. Analyst Ratings Changes A number of equities analysts have recently commented on FIVN shares.

Royal Bank of Canada reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Five9 in a report on Wednesday, March 19th. Rosenblatt Securities restated a “buy” rating and set a $58.

00 price target on shares of Five9 in a research note on Thursday, March 20th. Piper Sandler upped their price objective on Five9 from $46.00 to $53.

00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Barclays increased their target price on Five9 from $55.00 to $60.

00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 price target on shares of Five9 in a research note on Monday, March 17th.

Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.76.

Get Our Latest Report on Five9 Insider Buying and Selling at Five9 In other news, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total transaction of $448,759.

85. Following the completion of the sale, the chief executive officer now owns 404,056 shares in the company, valued at $14,396,515.28.

The trade was a 3.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .

Also, CAO Leena Mansharamani sold 1,517 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $50,409.

91. Following the completion of the transaction, the chief accounting officer now owns 48,300 shares in the company, valued at $1,605,009. This represents a 3.

05 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last ninety days, insiders have sold 29,574 shares of company stock worth $1,004,346.

Insiders own 1.80% of the company’s stock. About Five9 ( Free Report ) 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. Read More Want to see what other hedge funds are holding FIVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five9, Inc.

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