Five9 (NASDAQ:FIVN – Get Free Report) had its price target boosted by investment analysts at Wells Fargo & Company from $90.00 to $95.00 in a research report issued on Tuesday, Marketbeat.com reports. The firm presently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 40.64% from the stock’s current price.
A number of other research analysts have also recently issued reports on FIVN. StockNews.com upgraded Five9 from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. DA Davidson began coverage on Five9 in a research report on Wednesday, June 7th. They issued a “neutral” rating and a $75.00 target price on the stock. Roth Capital reiterated a “buy” rating on shares of Five9 in a research report on Tuesday, May 23rd. Morgan Stanley lifted their target price on Five9 from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 19th. Finally, Mizuho assumed coverage on Five9 in a research report on Tuesday, May 30th. They issued a “buy” rating and a $100.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.59.
Check Out Our Latest Analysis on FIVN
Five9 Stock Down 3.3 %
Insider Buying and Selling
In related news, CFO Barry Zwarenstein sold 2,500 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $55.02, for a total value of $137,550.00. Following the transaction, the chief financial officer now directly owns 94,803 shares in the company, valued at approximately $5,216,061.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Panos Kozanian sold 16,667 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $69.49, for a total value of $1,158,189.83. Following the transaction, the executive vice president now directly owns 94,913 shares in the company, valued at approximately $6,595,504.37. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Barry Zwarenstein sold 2,500 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $55.02, for a total value of $137,550.00. Following the completion of the transaction, the chief financial officer now owns 94,803 shares in the company, valued at $5,216,061.06. The disclosure for this sale can be found here. Insiders have sold a total of 287,758 shares of company stock worth $21,799,003 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.
Institutional Investors Weigh In On Five9
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Five9 by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,551,197 shares of the software maker’s stock valued at $491,209,000 after buying an additional 85,252 shares during the last quarter. Wasatch Advisors LP raised its position in Five9 by 9.2% in the 2nd quarter. Wasatch Advisors LP now owns 3,919,153 shares of the software maker’s stock valued at $323,134,000 after buying an additional 330,256 shares during the last quarter. Pictet Asset Management SA raised its position in Five9 by 64.4% in the 1st quarter. Pictet Asset Management SA now owns 3,855,573 shares of the software maker’s stock valued at $278,719,000 after buying an additional 1,509,878 shares during the last quarter. Wellington Management Group LLP raised its position in Five9 by 22.9% in the 1st quarter. Wellington Management Group LLP now owns 3,775,202 shares of the software maker’s stock valued at $416,783,000 after buying an additional 703,002 shares during the last quarter. Finally, Sylebra Capital Ltd raised its position in Five9 by 3.3% in the 1st quarter. Sylebra Capital Ltd now owns 2,576,950 shares of the software maker’s stock valued at $186,288,000 after buying an additional 81,652 shares during the last quarter. 99.38% of the stock is owned by hedge funds and other institutional investors.
Five9 Company Profile
Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. The company offers 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.
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