Five9, Inc. (NASDAQ:FIVN) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP trimmed its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 40.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,142 shares of the software maker’s stock after selling 4,835 shares during the quarter. Aigen Investment Management LP’s holdings in Five9 were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. WCM Investment Management LLC increased its position in Five9 by 14.6% in the third quarter. WCM Investment Management LLC now owns 384,592 shares of the software maker’s stock worth $11,057,000 after buying an additional 48,981 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Five9 by 51.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 58,965 shares of the software maker’s stock worth $1,694,000 after acquiring an additional 20,040 shares during the last quarter. Harvey Capital Management Inc. bought a new position in shares of Five9 during the third quarter worth about $1,717,000. Janney Montgomery Scott LLC acquired a new stake in shares of Five9 in the 3rd quarter worth about $811,000. Finally, Horrell Capital Management Inc. bought a new stake in Five9 in the 3rd quarter valued at about $3,304,000. Institutional investors own 96.64% of the company’s stock.

Five9 Trading Down 2.3 %

NASDAQ:FIVN opened at $38.07 on Friday. The stock has a fifty day simple moving average of $30.36 and a 200 day simple moving average of $38.68. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of -76.14, a price-to-earnings-growth ratio of 26.49 and a beta of 0.85. Five9, Inc. has a 1-year low of $26.60 and a 1-year high of $92.40.

Insiders Place Their Bets

In related news, CFO Barry Zwarenstein sold 4,408 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the completion of the transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. This trade represents a 4.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Daniel P. Burkland sold 2,605 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $33.41, for a total transaction of $87,033.05. Following the sale, the executive now directly owns 132,554 shares in the company, valued at approximately $4,428,629.14. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,493 shares of company stock worth $1,097,753 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FIVN has been the topic of several analyst reports. Baird R W lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Wells Fargo & Company downgraded Five9 from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $55.00 to $40.00 in a research note on Tuesday, November 12th. DA Davidson boosted their price target on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Barclays cut their price objective on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, Bank of America upgraded shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Five9 currently has a consensus rating of “Moderate Buy” and an average target price of $59.22.

About Five9

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.