Wasatch Advisors Inc. Acquires Shares of 146,815 Five9, Inc. (FIVN)

Wasatch Advisors Inc. acquired a new position in shares of Five9, Inc. (NASDAQ:FIVN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 146,815 shares of the software maker’s stock, valued at approximately $3,159,000. Wasatch Advisors Inc. owned about 0.27% of Five9 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of FIVN. Verition Fund Management LLC bought a new position in Five9 during the second quarter worth about $361,000. Castleark Management LLC boosted its position in Five9 by 0.7% during the second quarter. Castleark Management LLC now owns 431,966 shares of the software maker’s stock worth $9,296,000 after purchasing an additional 2,842 shares during the period. California State Teachers Retirement System boosted its position in Five9 by 42.0% during the second quarter. California State Teachers Retirement System now owns 92,400 shares of the software maker’s stock worth $1,988,000 after purchasing an additional 27,334 shares during the period. Summit Partners Public Asset Management LLC bought a new position in Five9 during the second quarter worth about $6,026,000. Finally, Symmetry Peak Management LLC bought a new position in Five9 during the second quarter worth about $699,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

In other Five9 news, CEO Michael Burkland sold 12,484 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $21.00, for a total value of $262,164.00. Following the completion of the transaction, the chief executive officer now directly owns 976,091 shares in the company, valued at approximately $20,497,911. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Barry Zwarenstein sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $24.89, for a total value of $273,790.00. Following the completion of the transaction, the chief financial officer now owns 123,698 shares of the company’s stock, valued at $3,078,843.22. The disclosure for this sale can be found here. Insiders sold a total of 101,385 shares of company stock valued at $2,206,272 over the last 90 days. 9.10% of the stock is currently owned by corporate insiders.

WARNING: “Wasatch Advisors Inc. Acquires Shares of 146,815 Five9, Inc. (FIVN)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/18/wasatch-advisors-inc-acquires-shares-of-146815-five9-inc-fivn.html.

A number of equities analysts have weighed in on FIVN shares. 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 reiterated an “equal weight” rating and set a $21.00 target price (up previously from $18.00) on shares of Five9 in a research report on Thursday, July 20th. 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. Canaccord Genuity increased their target price on shares of Five9 from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, September 27th. Finally, KeyCorp reiterated a “buy” rating and set a $27.00 target price on shares of Five9 in a research report on Friday, September 22nd. 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. The stock presently has a consensus rating of “Buy” and an average target price of $23.00.

Five9, Inc. (NASDAQ FIVN) traded up 0.08% on Wednesday, hitting $24.46. 50,677 shares of the company’s stock traded hands. The stock’s market cap is $1.35 billion. The stock has a 50 day moving average price of $22.90 and a 200-day moving average price of $21.32. Five9, Inc. has a 12 month low of $12.58 and a 12 month high of $26.00.

Five9 Profile

A number of other hedge funds and other institutional investors also recently bought and sold shares of FIVN. Verition Fund Management LLC bought a new position in Five9 during the second quarter worth about $361,000. Castleark Management LLC boosted its position in Five9 by 0.7% during the second quarter. Castleark Management LLC now owns 431,966 shares of the software maker’s stock worth $9,296,000 after purchasing an additional 2,842 shares during the period. California State Teachers Retirement System boosted its position in Five9 by 42.0% during the second quarter. California State Teachers Retirement System now owns 92,400 shares of the software maker’s stock worth $1,988,000 after purchasing an additional 27,334 shares during the period. Summit Partners Public Asset Management LLC bought a new position in Five9 during the second quarter worth about $6,026,000. Finally, Symmetry Peak Management LLC bought a new position in Five9 during the second quarter worth about $699,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

In other Five9 news, CEO Michael Burkland sold 12,484 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $21.00, for a total value of $262,164.00. Following the completion of the transaction, the chief executive officer now directly owns 976,091 shares in the company, valued at approximately $20,497,911. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Barry Zwarenstein sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $24.89, for a total value of $273,790.00. Following the completion of the transaction, the chief financial officer now owns 123,698 shares of the company’s stock, valued at $3,078,843.22. The disclosure for this sale can be found here. Insiders sold a total of 101,385 shares of company stock valued at $2,206,272 over the last 90 days. 9.10% of the stock is currently owned by corporate insiders.

WARNING: “Wasatch Advisors Inc. Acquires Shares of 146,815 Five9, Inc. (FIVN)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/18/wasatch-advisors-inc-acquires-shares-of-146815-five9-inc-fivn.html.

A number of equities analysts have weighed in on FIVN shares. 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 reiterated an “equal weight” rating and set a $21.00 target price (up previously from $18.00) on shares of Five9 in a research report on Thursday, July 20th. 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. Canaccord Genuity increased their target price on shares of Five9 from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, September 27th. Finally, KeyCorp reiterated a “buy” rating and set a $27.00 target price on shares of Five9 in a research report on Friday, September 22nd. 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. The stock presently has a consensus rating of “Buy” and an average target price of $23.00.

Five9, Inc. (NASDAQ FIVN) traded up 0.08% on Wednesday, hitting $24.46. 50,677 shares of the company’s stock traded hands. The stock’s market cap is $1.35 billion. The stock has a 50 day moving average price of $22.90 and a 200-day moving average price of $21.32. Five9, Inc. has a 12 month low of $12.58 and a 12 month high of $26.00.

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)

Receive News & Ratings for Five9 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 Inc. and related companies with MarketBeat.com's FREE daily email newsletter.