FORA Capital LLC Buys New Holdings in Five9, Inc. (NASDAQ:FIVN)

FORA Capital LLC bought a new stake in Five9, Inc. (NASDAQ:FIVN) in the third quarter, Holdings Channel.com reports. The institutional investor bought 46,068 shares of the software maker’s stock, valued at approximately $1,324,000.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing 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. Quest Partners LLC acquired a new position in Five9 during the 3rd quarter valued at about $95,000. Cetera Advisors LLC acquired a new position in Five9 during the 1st quarter valued at about $226,000. Finally, Quent Capital LLC boosted its stake in Five9 by 8.7% during the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after purchasing an additional 352 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Price Performance

Five9 stock opened at $41.61 on Thursday. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $92.40. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The business’s 50 day simple moving average is $32.19 and its 200 day simple moving average is $37.63. The company has a market cap of $3.13 billion, a price-to-earnings ratio of -83.22, a PEG ratio of 24.73 and a beta of 0.85.

Insider Activity at Five9

In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the sale, the chief financial officer now owns 101,732 shares of the company’s stock, valued at $2,743,712.04. The trade was a 4.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Panos Kozanian sold 7,617 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the sale, the executive vice president now directly owns 76,628 shares in the company, 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. Over the last quarter, insiders have sold 33,888 shares of company stock worth $1,010,720. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FIVN shares. Northland Securities cut their price target on Five9 from $95.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Robert W. Baird lifted their price target on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Roth Mkm cut their target price on Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Barclays cut their target price on Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $48.00 target price on shares of Five9 in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.22.

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.