JPMorgan Chase & Co. lowered its position in shares of Five9, Inc. (NASDAQ:FIVN) by 14.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 153,418 shares of the software maker’s stock after selling 25,838 shares during the period. JPMorgan Chase & Co. owned 0.28% of Five9 worth $3,302,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in FIVN. Bank of New York Mellon Corp grew its position in shares of Five9 by 81.3% during the first quarter. Bank of New York Mellon Corp now owns 241,072 shares of the software maker’s stock worth $3,969,000 after acquiring an additional 108,114 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Five9 by 37.5% during the first quarter. Ameriprise Financial Inc. now owns 436,896 shares of the software maker’s stock worth $7,192,000 after acquiring an additional 119,150 shares during the last quarter. Oxford Asset Management bought a new position in shares of Five9 during the first quarter worth about $174,000. American International Group Inc. grew its position in shares of Five9 by 7.1% during the first quarter. American International Group Inc. now owns 20,344 shares of the software maker’s stock worth $335,000 after acquiring an additional 1,349 shares during the last quarter. Finally, FMR LLC grew its position in shares of Five9 by 60.0% during the first quarter. FMR LLC now owns 800,000 shares of the software maker’s stock worth $13,168,000 after acquiring an additional 300,000 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Five9, Inc. (NASDAQ:FIVN) opened at 25.43 on Wednesday. The company has a 50-day moving average of $22.51 and a 200-day moving average of $21.17. The company’s market cap is $1.40 billion. Five9, Inc. has a 12 month low of $12.58 and a 12 month high of $26.00.

In related news, CFO Barry Zwarenstein sold 13,024 shares of Five9 stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $21.25, for a total value of $276,760.00. Following the completion of the sale, the chief financial officer now directly owns 123,698 shares in the company, valued at $2,628,582.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel P. Burkland sold 10,000 shares of Five9 stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $22.35, for a total value of $223,500.00. Following the completion of the sale, the executive vice president now owns 173,498 shares of the company’s stock, valued at $3,877,680.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,385 shares of company stock valued at $2,206,272. 9.10% of the stock is currently owned by corporate insiders.

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Several equities analysts have recently commented on FIVN shares. BidaskClub lowered shares of Five9 from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, July 4th. Northland Securities set a $25.00 target price on shares of Five9 and gave the company a “buy” rating in a research report on Wednesday, July 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 target price (up previously from $18.00) on shares of Five9 in a research report on Thursday, July 20th. Finally, Canaccord Genuity increased their target price on shares of Five9 from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $23.00.

Five9 Profile

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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