GSA Capital Partners LLP Acquires 6,228 Shares of Five9, Inc. (FIVN)

GSA Capital Partners LLP increased its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 40.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,779 shares of the software maker’s stock after buying an additional 6,228 shares during the period. GSA Capital Partners LLP’s holdings in Five9 were worth $469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FIVN. Bank of New York Mellon Corp raised its stake in shares of Five9 by 81.3% during the first quarter. Bank of New York Mellon Corp now owns 241,072 shares of the software maker’s stock worth $3,969,000 after buying an additional 108,114 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Five9 by 37.5% during the first quarter. Ameriprise Financial Inc. now owns 436,896 shares of the software maker’s stock worth $7,192,000 after buying an additional 119,150 shares during the last quarter. Oxford Asset Management bought a new stake in shares of Five9 during the first quarter worth approximately $174,000. American International Group Inc. raised its stake in shares of Five9 by 7.1% during the first quarter. American International Group Inc. now owns 20,344 shares of the software maker’s stock worth $335,000 after buying an additional 1,349 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Five9 by 60.0% during the first quarter. FMR LLC now owns 800,000 shares of the software maker’s stock worth $13,168,000 after buying an additional 300,000 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

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A number of equities research analysts recently weighed in on the stock. Northland Securities reissued a “buy” rating and set a $25.00 price target on shares of Five9 in a research note on Wednesday, October 4th. Morgan Stanley reissued an “equal weight” rating and set a $21.00 price target (up from $18.00) on shares of Five9 in a research note on Thursday, July 20th. Canaccord Genuity boosted their price target on shares of Five9 from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, September 27th. KeyCorp reissued a “buy” rating and set a $27.00 price target on shares of Five9 in a research note on Friday, September 22nd. Finally, Zacks Investment Research downgraded shares of Five9 from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $23.00.

In other news, EVP Daniel P. Burkland sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $22.35, for a total value of $223,500.00. Following the transaction, the executive vice president now owns 173,498 shares in the company, valued at approximately $3,877,680.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Welch sold 3,903 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $20.88, for a total transaction of $81,494.64. Following the completion of the transaction, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,856,363.12. The disclosure for this sale can be found here. Insiders sold a total of 101,385 shares of company stock worth $2,206,272 in the last 90 days. Corporate insiders own 9.10% of the company’s stock.

Shares of Five9, Inc. (FIVN) opened at 25.30 on Thursday. The firm has a 50-day moving average of $22.63 and a 200 day moving average of $21.20. Five9, Inc. has a 52 week low of $12.58 and a 52 week high of $26.00. The company’s market cap is $1.39 billion.

Five9 Company 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)

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