Janney Montgomery Scott LLC Makes New Investment in Five9, Inc. (NASDAQ:FIVN)

Janney Montgomery Scott LLC purchased a new position in shares of Five9, Inc. (NASDAQ:FIVN) during the 3rd quarter, HoldingsChannel reports. The firm purchased 28,232 shares of the software maker’s stock, valued at approximately $811,000.

Several other large investors also recently bought and sold shares of FIVN. Signaturefd LLC increased 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 purchasing an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Five9 during the 2nd quarter worth about $57,000. nVerses Capital LLC purchased a new stake in Five9 during the 3rd quarter worth about $141,000. Quent Capital LLC boosted its position in shares of Five9 by 8.7% during the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after acquiring an additional 352 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new position in shares of Five9 during the 1st quarter worth about $226,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Wall Street Analysts Forecast Growth

FIVN has been the subject of several analyst reports. Morgan Stanley lowered their price objective on Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Barclays lowered their price objective on Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Robert W. Baird upped their price objective on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Bank of America raised Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Monday, August 5th. Finally, Rosenblatt Securities upped their price objective on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Five9 has a consensus rating of “Moderate Buy” and a consensus target price of $59.22.

Insider Buying and Selling at Five9

In other news, CEO Michael Burkland sold 12,595 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was 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 approximately $7,673,081.76. This represents a 4.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Barry Zwarenstein sold 4,408 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,743,712.04. This trade represents a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,493 shares of company stock valued at $1,097,753 in the last ninety days. Insiders own 1.80% of the company’s stock.

Five9 Stock Down 2.3 %

FIVN opened at $38.07 on Monday. The business has a 50 day moving average price of $30.36 and a two-hundred day moving average price of $38.54. 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 $2.86 billion, a PE ratio of -76.14, a P/E/G ratio of 22.98 and a beta of 0.85. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $92.40.

Five9 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.