Neo Ivy Capital Management Buys Shares of 49,372 Five9, Inc. (NASDAQ:FIVN)

Neo Ivy Capital Management bought a new stake in shares of Five9, Inc. (NASDAQ:FIVN) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 49,372 shares of the software maker’s stock, valued at approximately $2,177,000. Neo Ivy Capital Management owned about 0.07% of Five9 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FIVN. International Assets Investment Management LLC bought a new stake in Five9 during the fourth quarter valued at $1,684,000. Knights of Columbus Asset Advisors LLC grew its position in shares of Five9 by 49.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 53,694 shares of the software maker’s stock worth $4,225,000 after acquiring an additional 17,870 shares during the last quarter. Syon Capital LLC bought a new position in shares of Five9 during the fourth quarter worth about $645,000. Stanley Laman Group Ltd. bought a new position in shares of Five9 during the fourth quarter worth about $7,140,000. Finally, Headlands Technologies LLC grew its position in shares of Five9 by 136.0% during the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after acquiring an additional 306 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Five9 Price Performance

NASDAQ FIVN traded down $0.43 on Tuesday, reaching $34.54. The company’s stock had a trading volume of 257,691 shares, compared to its average volume of 1,398,819. Five9, Inc. has a twelve month low of $28.75 and a twelve month high of $92.40. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02. The stock has a market cap of $2.55 billion, a PE ratio of -41.14 and a beta of 0.82. The firm’s 50 day moving average is $41.35 and its two-hundred day moving average is $53.07.

Insider Buying and Selling at Five9

In other Five9 news, COO Andy Dignan sold 5,731 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $265,345.30. Following the completion of the sale, the chief operating officer now directly owns 124,172 shares of the company’s stock, valued at $5,749,163.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Five9 news, COO Andy Dignan sold 5,731 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $265,345.30. Following the completion of the sale, the chief operating officer now directly owns 124,172 shares of the company’s stock, valued at $5,749,163.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Panos Kozanian sold 6,893 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $319,145.90. Following the sale, the executive vice president now directly owns 94,477 shares of the company’s stock, valued at $4,374,285.10. The disclosure for this sale can be found here. In the last three months, insiders sold 53,385 shares of company stock valued at $2,418,755. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Bank of America upgraded shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Monday, August 5th. Wells Fargo & Company lowered their price target on shares of Five9 from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Barclays lowered their price target on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Morgan Stanley reduced their price objective on shares of Five9 from $70.00 to $50.00 and set an “equal weight” rating for the company in a report on Friday, June 14th. Finally, Rosenblatt Securities reduced their price objective on shares of Five9 from $80.00 to $70.00 and set a “buy” rating for the company in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.82.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.