US Bancorp DE Has $199,000 Stock Position in Five9, Inc. (NASDAQ:FIVN)

US Bancorp DE cut its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 44.4% during the third quarter, HoldingsChannel.com reports. The firm owned 6,941 shares of the software maker’s stock after selling 5,544 shares during the quarter. US Bancorp DE’s holdings in Five9 were worth $199,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FIVN. 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 buying an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Five9 during the 2nd quarter valued at $57,000. Cetera Advisors LLC acquired a new position in shares of Five9 in the 1st quarter valued at $226,000. ProShare Advisors LLC bought a new position in shares of Five9 in the 1st quarter worth $247,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of Five9 during the first quarter worth $264,000. Institutional investors own 96.64% of the company’s stock.

Five9 Stock Down 3.4 %

Shares of Five9 stock opened at $38.96 on Friday. The firm has a market cap of $2.93 billion, a PE ratio of -77.76, a P/E/G ratio of 26.52 and a beta of 0.85. The business’s 50 day simple moving average is $29.99 and its 200 day simple moving average is $38.82. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9, Inc. has a 52-week low of $26.60 and a 52-week high of $92.40.

Analyst Ratings Changes

A number of brokerages have issued reports on FIVN. Truist Financial restated a “buy” rating and set a $65.00 target price on shares of Five9 in a report on Tuesday, August 27th. Piper Sandler boosted their price objective on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Morgan Stanley cut their target price on shares of Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. BTIG Research decreased their price target on shares of Five9 from $100.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Baird R W cut shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $59.22.

Insider Transactions at Five9

In related news, CRO Daniel P. Burkland sold 2,605 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $33.41, for a total transaction of $87,033.05. Following the completion of the transaction, the executive now owns 132,554 shares in the company, valued at approximately $4,428,629.14. This represents a 1.93 % 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 1,395 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total transaction of $42,561.45. Following the completion of the transaction, the chief accounting officer now directly owns 36,872 shares of the company’s stock, valued at approximately $1,124,964.72. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,493 shares of company stock valued at $1,097,753 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

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.