Segall Bryant & Hamill LLC Raises Holdings in Five9, Inc. $FIVN

Segall Bryant & Hamill LLC raised its stake in Five9, Inc. (NASDAQ:FIVN) by 30.9% during the first quarter, Holdings Channel.com reports. The firm owned 110,056 shares of the software maker’s stock after purchasing an additional 25,983 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Five9 were worth $1,670,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP purchased a new stake in shares of Five9 during the third quarter worth approximately $33,000. Advisory Services Network LLC acquired a new stake in Five9 in the third quarter valued at approximately $38,000. EverSource Wealth Advisors LLC lifted its stake in Five9 by 378.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker’s stock worth $26,000 after acquiring an additional 1,367 shares during the last quarter. Rothschild Investment LLC lifted its stake in Five9 by 3,572.0% in the fourth quarter. Rothschild Investment LLC now owns 1,836 shares of the software maker’s stock worth $37,000 after acquiring an additional 1,786 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Five9 by 2,327.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,622 shares of the software maker’s stock worth $53,000 after acquiring an additional 2,514 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Price Performance

FIVN stock opened at $29.79 on Wednesday. The business has a 50 day moving average price of $23.49 and a 200 day moving average price of $19.64. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.89. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 45.14 and a beta of 1.42. Five9, Inc. has a fifty-two week low of $13.29 and a fifty-two week high of $30.21.

Insider Activity at Five9

In other Five9 news, President Andy Dignan sold 3,073 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $24.25, for a total transaction of $74,520.25. Following the sale, the president owned 275,687 shares of the company’s stock, valued at approximately $6,685,409.75. This trade represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Bryan M. Lee sold 1,511 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $24.25, for a total transaction of $36,641.75. Following the sale, the chief financial officer owned 309,951 shares of the company’s stock, valued at $7,516,311.75. This represents a 0.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 85,820 shares of company stock valued at $2,014,057 in the last quarter. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating on shares of Five9 in a report on Monday. DA Davidson set a $22.00 price objective on shares of Five9 in a report on Monday. Barclays lifted their price objective on shares of Five9 from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Jefferies Financial Group reiterated a “hold” rating on shares of Five9 in a research note on Friday, May 1st. Finally, Piper Sandler reissued a “neutral” rating and issued a $24.00 target price (up from $21.00) on shares of Five9 in a report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and a consensus target price of $25.93.

About Five9

Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.

Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.