Centiva Capital LP Buys 26,193 Shares of Five9, Inc. (NASDAQ:FIVN)

Centiva Capital LP boosted its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 87.1% during the 3rd quarter, Holdings Channel reports. The fund owned 56,263 shares of the software maker’s stock after buying an additional 26,193 shares during the period. Centiva Capital LP’s holdings in Five9 were worth $1,616,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sylebra Capital LLC boosted its holdings in Five9 by 28.4% in the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after acquiring an additional 666,681 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Five9 by 347.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock worth $33,213,000 after purchasing an additional 584,800 shares in the last quarter. Van Berkom & Associates Inc. grew its position in Five9 by 52.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after purchasing an additional 446,151 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Five9 by 38.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock valued at $64,257,000 after purchasing an additional 406,188 shares in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Five9 during the third quarter worth $11,211,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FIVN has been the subject of a number of research analyst reports. Robert W. Baird raised their target price on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Truist Financial restated a “buy” rating and issued a $65.00 price objective on shares of Five9 in a research report on Tuesday, August 27th. DA Davidson raised their target price on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Rosenblatt Securities upped their price objective on shares of Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Piper Sandler upped their price objective on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Five9 currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.22.

Insider Activity at Five9

In other news, CFO Barry Zwarenstein sold 4,408 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total value of $118,883.76. Following the transaction, the chief financial officer now owns 101,732 shares in the company, valued at $2,743,712.04. This represents a 4.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.80% of the company’s stock.

Five9 Price Performance

Shares of FIVN opened at $41.46 on Wednesday. The stock’s fifty day moving average is $33.27 and its 200-day moving average is $37.18. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of -82.92, a price-to-earnings-growth ratio of 25.09 and a beta of 0.92. Five9, Inc. has a one year low of $26.60 and a one year high of $92.40. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

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.