Massachusetts Financial Services Co. MA Purchases 210,836 Shares of Five9, Inc. (NASDAQ:FIVN)

Massachusetts Financial Services Co. MA grew its position in shares of Five9, Inc. (NASDAQ:FIVN) by 14.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,667,922 shares of the software maker’s stock after buying an additional 210,836 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Five9 were worth $47,919,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC raised its position in Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after buying an additional 984 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Five9 in the second quarter worth approximately $57,000. Quest Partners LLC bought a new stake in shares of Five9 in the third quarter worth approximately $95,000. nVerses Capital LLC bought a new position in Five9 during the third quarter valued at approximately $141,000. Finally, Quent Capital LLC lifted its position in Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after purchasing an additional 352 shares during the period. Institutional investors own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Baird R W cut Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. 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. DA Davidson boosted their price target on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Barclays cut their target price on Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, StockNews.com raised Five9 from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.22.

Insider Buying and Selling

In other news, CFO Barry Zwarenstein sold 4,408 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the sale, the chief financial officer now owns 101,732 shares in the company, valued at approximately $2,743,712.04. This represents a 4.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.27, for a total value of $381,250.65. Following the completion of the transaction, the chief executive officer now owns 253,488 shares in the company, valued at $7,673,081.76. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,888 shares of company stock worth $1,010,720. Company insiders own 1.80% of the company’s stock.

Five9 Stock Performance

NASDAQ FIVN opened at $40.32 on Monday. 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 company has a market cap of $3.03 billion, a P/E ratio of -80.64, a P/E/G ratio of 23.21 and a beta of 0.85. The stock has a 50-day moving average of $31.43 and a two-hundred day moving average of $37.89. Five9, Inc. has a 1-year low of $26.60 and a 1-year high of $92.40.

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.