Nordea Investment Management AB Has $5.55 Million Stake in Five9, Inc. (NASDAQ:FIVN)

Nordea Investment Management AB lifted its position in shares of Five9, Inc. (NASDAQ:FIVN) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,750 shares of the software maker’s stock after purchasing an additional 3,549 shares during the quarter. Nordea Investment Management AB owned 0.18% of Five9 worth $5,550,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sylebra Capital LLC raised its position in Five9 by 28.4% in the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after buying an additional 666,681 shares during the last quarter. Point72 Asset Management L.P. raised its position in Five9 by 347.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock valued at $33,213,000 after buying an additional 584,800 shares during the last quarter. Potrero Capital Research LLC purchased a new stake in Five9 in the 3rd quarter valued at $15,610,000. Massachusetts Financial Services Co. MA raised its position in Five9 by 38.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock valued at $64,257,000 after buying an additional 406,188 shares during the last quarter. Finally, Loomis Sayles & Co. L P purchased a new stake in Five9 in the 3rd quarter valued at $11,211,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Five9 news, CEO Michael Burkland sold 12,594 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total value of $521,391.60. Following the sale, the chief executive officer now owns 240,894 shares of the company’s stock, valued at $9,973,011.60. This trade represents a 4.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Leena Mansharamani sold 1,346 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total value of $55,630.18. Following the completion of the sale, the chief accounting officer now directly owns 35,526 shares in the company, valued at approximately $1,468,289.58. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,004 shares of company stock worth $1,209,279 in the last quarter. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on FIVN shares. Needham & Company LLC upped their price objective on Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Piper Sandler upped their price objective on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Robert W. Baird upped their price objective on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Rosenblatt Securities upped their price objective on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, DA Davidson upped their price objective on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and a consensus target price of $58.18.

Five9 Stock Down 3.5 %

Shares of NASDAQ FIVN opened at $37.58 on Friday. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $81.24. The business has a 50-day simple moving average of $40.00 and a two-hundred day simple moving average of $36.55. 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 $2.83 billion, a P/E ratio of -75.16, a P/E/G ratio of 28.33 and a beta of 0.92.

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.