Canada Pension Plan Investment Board Has $9.56 Million Holdings in Five9, Inc. (NASDAQ:FIVN)

Canada Pension Plan Investment Board boosted its stake in shares of Five9, Inc. (NASDAQ:FIVNFree Report) by 222.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 148,700 shares of the software maker’s stock after acquiring an additional 102,600 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.20% of Five9 worth $9,561,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FIVN. MetLife Investment Management LLC bought a new position in shares of Five9 in the 1st quarter valued at about $482,000. Raymond James Trust N.A. bought a new position in shares of Five9 in the 1st quarter valued at about $212,000. Cetera Investment Advisers boosted its stake in shares of Five9 by 15.4% in the 1st quarter. Cetera Investment Advisers now owns 3,223 shares of the software maker’s stock valued at $356,000 after purchasing an additional 430 shares during the last quarter. Zions Bancorporation N.A. bought a new position in shares of Five9 in the 1st quarter valued at about $613,000. Finally, Prudential Financial Inc. boosted its stake in shares of Five9 by 10.7% in the 1st quarter. Prudential Financial Inc. now owns 2,806 shares of the software maker’s stock valued at $310,000 after purchasing an additional 272 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Insider Transactions at Five9

In other news, COO Andy Dignan sold 4,815 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $79.12, for a total transaction of $380,962.80. Following the completion of the transaction, the chief operating officer now directly owns 104,777 shares of the company’s stock, valued at approximately $8,289,956.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.

Five9 Stock Down 1.2 %

Shares of FIVN opened at $77.99 on Tuesday. Five9, Inc. has a twelve month low of $51.01 and a twelve month high of $92.40. The company has a 50 day moving average of $77.82 and a 200-day moving average of $71.70. The company has a quick ratio of 5.18, a current ratio of 5.18 and a debt-to-equity ratio of 1.51.

Analyst Ratings Changes

Several brokerages have recently issued reports on FIVN. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Five9 in a research note on Tuesday, December 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $90.00 price target on shares of Five9 in a research report on Monday, November 6th. KeyCorp increased their price target on shares of Five9 from $86.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Five9 from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Finally, Piper Sandler increased their price target on shares of Five9 from $84.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, January 12th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Five9 currently has an average rating of “Moderate Buy” and an average price target of $87.60.

Check Out Our Latest Stock Analysis on FIVN

Five9 Company Profile

(Free Report)

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. The company offers 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.

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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