B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 59,739 Five9, Inc. (NASDAQ:FIVN)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Five9, Inc. (NASDAQ:FIVN) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 59,739 shares of the software maker’s stock, valued at approximately $1,716,000.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC lifted its position in shares of Five9 by 1,892.3% during the third 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. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Five9 during the second quarter worth approximately $57,000. Quest Partners LLC purchased a new stake in shares of Five9 during the third quarter worth approximately $95,000. Cetera Advisors LLC purchased a new stake in shares of Five9 during the first quarter worth approximately $226,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Five9 during the first quarter worth approximately $247,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Stock Performance

Shares of FIVN opened at $40.32 on Friday. 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 firm has a market cap of $3.03 billion, a PE ratio of -77.38, a price-to-earnings-growth ratio of 22.74 and a beta of 0.85. The company’s 50 day simple moving average is $31.19 and its 200-day simple moving average is $38.13. Five9, Inc. has a 12-month low of $26.60 and a 12-month high of $92.40.

Insider Transactions at Five9

In related news, EVP Panos Kozanian sold 7,617 shares of the stock in a transaction on Wednesday, September 4th. The stock was 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 $2,300,372.56. This trade represents a 9.04 % 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, CFO Barry Zwarenstein sold 4,408 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total value of $118,883.76. Following the sale, the chief financial officer now directly owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. This represents a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,493 shares of company stock worth $1,097,753. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Bank of America upgraded shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Monday, August 5th. Needham & Company LLC restated a “buy” rating and set a $48.00 target price on shares of Five9 in a research note on Friday, November 8th. Baird R W lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. 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 research note on Tuesday, October 15th. Finally, BTIG Research dropped their price target on shares of Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.22.

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.