Oddo BHF Asset Management Sas Invests $4.60 Million in Five9, Inc. (NASDAQ:FIVN)

Oddo BHF Asset Management Sas purchased a new stake in shares of Five9, Inc. (NASDAQ:FIVN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 160,000 shares of the software maker’s stock, valued at approximately $4,597,000. Oddo BHF Asset Management Sas owned approximately 0.21% of Five9 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FIVN. Cetera Advisors LLC purchased a new position in shares of Five9 during the first quarter valued at $226,000. Raymond James & Associates grew its holdings in shares of Five9 by 10.6% during the second quarter. Raymond James & Associates now owns 96,034 shares of the software maker’s stock valued at $4,235,000 after buying an additional 9,167 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of Five9 during the second quarter valued at $2,177,000. Summit Global Investments grew its holdings in shares of Five9 by 68.5% during the second quarter. Summit Global Investments now owns 10,780 shares of the software maker’s stock valued at $475,000 after buying an additional 4,383 shares in the last quarter. Finally, Nicholas Company Inc. grew its stake in Five9 by 30.5% in the second quarter. Nicholas Company Inc. now owns 141,655 shares of the software maker’s stock valued at $6,247,000 after purchasing an additional 33,105 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on FIVN. Morgan Stanley lowered their target price on Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Piper Sandler boosted their target price on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Truist Financial restated a “buy” rating and issued a $65.00 target price on shares of Five9 in a research note on Tuesday, August 27th. Needham & Company LLC restated a “buy” rating and issued a $48.00 target price on shares of Five9 in a research note on Friday, November 8th. Finally, Robert W. Baird boosted their target price on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.22.

Insider Buying and Selling at Five9

In other news, CFO Barry Zwarenstein sold 3,336 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $139,611.60. Following the sale, the chief financial officer now directly owns 98,396 shares in the company, valued at approximately $4,117,872.60. This represents a 3.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Leena Mansharamani sold 1,346 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total value of $55,630.18. Following the completion of the sale, the chief accounting officer now owns 35,526 shares in the company, valued at approximately $1,468,289.58. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,004 shares of company stock valued at $1,209,279 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Five9 Stock Performance

NASDAQ FIVN opened at $43.41 on Friday. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $85.00. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a 50-day simple moving average of $35.27 and a 200 day simple moving average of $36.93.

Five9 Company 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.