Metropolitan Life Insurance Co. NY Continues to Hold Stake in Five9, Inc. (FIVN)

Metropolitan Life Insurance Co. NY maintained its position in Five9, Inc. (NASDAQ:FIVN) during the first quarter, Holdings Channel reports. The fund owned 24,172 shares of the software maker’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Five9 were worth $398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Oxford Asset Management bought a new stake in Five9 during the first quarter valued at $174,000. potrero capital research llc bought a new stake in Five9 during the first quarter valued at $227,000. KCG Holdings Inc. bought a new stake in Five9 during the first quarter valued at $236,000. Jane Street Group LLC bought a new stake in Five9 during the first quarter valued at $324,000. Finally, American International Group Inc. raised its stake in Five9 by 7.1% in the first quarter. American International Group Inc. now owns 20,344 shares of the software maker’s stock valued at $335,000 after buying an additional 1,349 shares during the last quarter. Hedge funds and other institutional investors own 90.15% of the company’s stock.

Five9, Inc. (NASDAQ FIVN) traded down 0.25% during mid-day trading on Friday, reaching $19.88. The company had a trading volume of 108,100 shares. Five9, Inc. has a 52 week low of $12.58 and a 52 week high of $24.80. The stock has a 50 day moving average of $21.63 and a 200 day moving average of $19.56. The stock’s market capitalization is $1.10 billion.

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FIVN has been the topic of several recent research reports. Northland Securities set a $25.00 price target on Five9 and gave the company a “buy” rating in a report on Wednesday, July 19th. Pacific Crest restated a “buy” rating and set a $22.00 price target on shares of Five9 in a report on Thursday, May 4th. Morgan Stanley restated an “equal weight” rating and set a $21.00 price target (up previously from $18.00) on shares of Five9 in a report on Thursday, July 20th. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, July 4th. Finally, BidaskClub lowered Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.29.

In other news, EVP Daniel P. Burkland sold 10,000 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $21.60, for a total value of $216,000.00. Following the transaction, the executive vice president now owns 173,498 shares of the company’s stock, valued at approximately $3,747,556.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Scott Welch sold 45,671 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $21.61, for a total value of $986,950.31. Following the completion of the transaction, the executive vice president now directly owns 174,913 shares in the company, valued at approximately $3,779,869.93. The disclosure for this sale can be found here. Insiders have sold 229,774 shares of company stock worth $5,003,548 in the last three months. 9.10% of the stock is currently owned by corporate insiders.

About Five9

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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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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