Symmetry Peak Management LLC Buys Shares of 32,500 Five9, Inc. (FIVN)
Symmetry Peak Management LLC bought a new position in Five9, Inc. (NASDAQ:FIVN) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 32,500 shares of the software maker’s stock, valued at approximately $699,000. Symmetry Peak Management LLC owned 0.06% of Five9 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in FIVN. Scge Management L.P. purchased a new stake in shares of Five9 in the 1st quarter worth about $18,702,000. Whale Rock Capital Management LLC purchased a new stake in shares of Five9 in the 2nd quarter worth about $21,296,000. Russell Investments Group Ltd. grew its position in shares of Five9 by 69.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,703,148 shares of the software maker’s stock worth $36,650,000 after buying an additional 697,949 shares during the period. Vanguard Group Inc. grew its position in shares of Five9 by 25.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock worth $70,972,000 after buying an additional 670,939 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Five9 in the 1st quarter worth about $9,797,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.
FIVN has been the topic of a number of recent research reports. Northland Securities set a $25.00 target price on shares of Five9 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Morgan Stanley reissued an “equal weight” rating and set a $21.00 price objective (up from $18.00) on shares of Five9 in a research report on Thursday, July 20th. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, July 4th. BidaskClub downgraded shares of Five9 from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, Canaccord Genuity increased their price objective on shares of Five9 from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.00.
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In other news, EVP Daniel P. Burkland sold 10,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $20.41, for a total transaction of $204,100.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Barry Zwarenstein sold 11,000 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $24.89, for a total value of $273,790.00. Following the sale, the chief financial officer now owns 123,698 shares in the company, valued at approximately $3,078,843.22. The disclosure for this sale can be found here. Insiders sold 114,007 shares of company stock valued at $2,489,510 over the last quarter. 9.10% of the stock is currently owned by corporate insiders.
Shares of Five9, Inc. (FIVN) traded down 0.20% during mid-day trading on Friday, reaching $25.22. 173,942 shares of the company traded hands. The firm has a 50 day moving average of $22.06 and a 200-day moving average of $20.97. Five9, Inc. has a 52 week low of $12.58 and a 52 week high of $25.67. The stock’s market capitalization is $1.39 billion.
Five9 Company 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).
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