Loomis Sayles & Co. L P Invests $11.21 Million in Five9, Inc. (NASDAQ:FIVN)

Loomis Sayles & Co. L P acquired a new stake in Five9, Inc. (NASDAQ:FIVN) during the third quarter, according to its most recent filing with the SEC. The firm acquired 390,220 shares of the software maker’s stock, valued at approximately $11,211,000. Loomis Sayles & Co. L P owned about 0.52% of Five9 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quent Capital LLC raised its stake in shares of 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 buying an additional 352 shares in the last quarter. Rhumbline Advisers raised its position in Five9 by 0.8% in the second quarter. Rhumbline Advisers now owns 86,000 shares of the software maker’s stock worth $3,793,000 after acquiring an additional 673 shares in the last quarter. Signaturefd LLC lifted its holdings in Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after acquiring an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Five9 during the 2nd quarter worth $57,000. Finally, Arizona State Retirement System grew its stake in shares of Five9 by 8.9% during the 2nd quarter. Arizona State Retirement System now owns 20,673 shares of the software maker’s stock worth $912,000 after purchasing an additional 1,693 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at $2,743,712.04. This trade represents a 4.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Andy Dignan sold 4,245 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.26, for a total transaction of $128,453.70. Following the sale, the chief operating officer now directly owns 119,927 shares of the company’s stock, valued at $3,628,991.02. This represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,888 shares of company stock valued at $1,010,720. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on FIVN shares. Bank of America raised shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Monday, August 5th. Roth Mkm decreased their price target on Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Rosenblatt Securities raised 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. Wells Fargo & Company downgraded Five9 from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. Finally, Robert W. Baird upped their target price on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.22.

Five9 Price Performance

FIVN stock opened at $41.61 on Thursday. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of -83.22, a price-to-earnings-growth ratio of 24.73 and a beta of 0.85. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 52-week low of $26.60 and a 52-week high of $92.40. The stock’s fifty day simple moving average is $32.19 and its 200-day simple moving average is $37.63.

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.