UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 78,836 Shares of Five9, Inc. (NASDAQ:FIVN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of Five9, Inc. (NASDAQ:FIVN) by 29.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,019 shares of the software maker’s stock after selling 78,836 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Five9 were worth $5,431,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC raised its position in Five9 by 2.4% during the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock valued at $320,620,000 after purchasing an additional 259,820 shares in the last quarter. Sylebra Capital LLC increased its holdings in shares of 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 acquiring an additional 666,681 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Five9 by 14.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock valued at $47,919,000 after acquiring an additional 210,836 shares during the period. Van Berkom & Associates Inc. increased its holdings in shares of Five9 by 52.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock valued at $57,307,000 after acquiring an additional 446,151 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of Five9 by 14.9% in the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock valued at $21,891,000 after acquiring an additional 98,543 shares during the period. 96.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Morgan Stanley cut their price target on Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Truist Financial reiterated a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, August 27th. Piper Sandler lifted their price target on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, DA Davidson lifted their price target on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $59.22.

Insider Activity

In other Five9 news, COO Andy Dignan sold 4,109 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $171,961.65. Following the transaction, the chief operating officer now owns 115,818 shares in the company, valued at approximately $4,846,983.30. This represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Leena Mansharamani sold 1,346 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 35,526 shares in the company, valued at approximately $1,468,289.58. This trade represents 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 valued at $1,209,279 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Five9 Stock Up 1.9 %

Five9 stock opened at $43.04 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The business’s 50-day simple moving average is $34.97 and its two-hundred day simple moving average is $36.89. The company has a market cap of $3.24 billion, a PE ratio of -86.08, a PEG ratio of 25.64 and a beta of 0.92. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $85.00.

About Five9

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.