Segall Bryant & Hamill LLC Sells 54,298 Shares of Five9, Inc. (NASDAQ:FIVN)

Segall Bryant & Hamill LLC decreased its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 29.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 128,417 shares of the software maker’s stock after selling 54,298 shares during the quarter. Segall Bryant & Hamill LLC owned 0.17% of Five9 worth $3,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Quent Capital LLC increased its position in 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 purchasing an additional 352 shares in the last quarter. BOKF NA grew its position in Five9 by 1.7% during the 1st quarter. BOKF NA now owns 39,846 shares of the software maker’s stock worth $2,445,000 after acquiring an additional 657 shares during the last quarter. Rhumbline Advisers increased its holdings in Five9 by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 86,000 shares of the software maker’s stock worth $3,793,000 after purchasing an additional 673 shares in the last quarter. Signaturefd LLC increased its holdings in Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Five9 in the second quarter valued at about $57,000. Institutional investors own 96.64% of the company’s stock.

Insider Transactions at Five9

In other news, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total transaction of $381,250.65. Following the transaction, the chief executive officer now directly owns 253,488 shares of the company’s stock, valued at $7,673,081.76. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Panos Kozanian sold 7,617 shares of Five9 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 completion of the sale, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at approximately $2,300,372.56. The trade was a 9.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,493 shares of company stock valued at $1,097,753 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Five9 in a research note on Tuesday, August 27th. Rosenblatt Securities raised their price target on shares of Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Robert W. Baird boosted their price objective on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. BTIG Research decreased their price objective on Five9 from $100.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Morgan Stanley cut their target price on Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and a consensus price target of $59.22.

Five9 Trading Up 4.8 %

NASDAQ:FIVN opened at $40.32 on Friday. 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 stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of -80.64, a PEG ratio of 22.74 and a beta of 0.85. The firm has a fifty day simple moving average of $31.19 and a two-hundred day simple moving average of $38.13.

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.