Oppenheimer Asset Management Inc. Has $494,000 Stock Holdings in Five9, Inc. (NASDAQ:FIVN)

Oppenheimer Asset Management Inc. trimmed its position in Five9, Inc. (NASDAQ:FIVN) by 57.8% during the third quarter, Holdings Channel reports. The institutional investor owned 17,202 shares of the software maker’s stock after selling 23,583 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Five9 were worth $494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after acquiring an additional 984 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Five9 during the 2nd quarter valued at about $57,000. nVerses Capital LLC bought a new position in shares of Five9 in the 3rd quarter valued at about $141,000. Quent Capital LLC grew 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 buying an additional 352 shares during the period. Finally, Cetera Advisors LLC bought a new stake in shares of Five9 during the first quarter worth approximately $226,000. Institutional investors own 96.64% of the company’s stock.

Insider Transactions at Five9

In other news, CAO Leena Mansharamani sold 1,395 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now owns 36,872 shares of the company’s stock, valued at $1,124,964.72. The trade was a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Panos Kozanian sold 7,617 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total transaction of $228,662.34. Following the transaction, the executive vice president now owns 76,628 shares of the company’s stock, valued at $2,300,372.56. The trade was a 9.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,493 shares of company stock valued at $1,097,753 over the last three months. Company insiders own 1.80% of the company’s stock.

Five9 Price Performance

FIVN stock opened at $37.68 on Wednesday. The stock has a 50-day moving average price of $30.55 and a two-hundred day moving average price of $38.27. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $92.40. The stock has a market cap of $2.83 billion, a PE ratio of -75.36, a price-to-earnings-growth ratio of 22.98 and a beta of 0.85. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FIVN shares. Bank of America raised shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Monday, August 5th. DA Davidson lifted their price objective on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. BTIG Research cut their target price on Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Barclays decreased their target price on Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, Baird R W downgraded shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Five9 currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.22.

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.