Clark Capital Management Group Inc. Invests $6.29 Million in Five9, Inc. $FIVN

Key Points

• Clark Capital Management Group Inc. purchased 231,618 shares of Five9, Inc. valued at approximately $6.29 million, which accounts for 0.30% of the company's stock.
• Several large investors, including Sylebra Capital and Ameriprise Financial, have significantly increased their positions in Five9, indicating strong institutional interest.
• Five9 reported a better-than-expected earnings per share (EPS) of $0.76 for the last quarter, exceeding estimates and showcasing a 12.4% year-over-year revenue increase.

Clark Capital Management Group Inc. acquired a new position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 231,618 shares of the software maker's stock, valued at approximately $6,288,000. Clark Capital Management Group Inc. owned approximately 0.30% of Five9 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Five9 by 419.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker's stock worth $61,000 after purchasing an additional 1,811 shares in the last quarter. Quarry LP bought a new stake in Five9 in the 1st quarter worth approximately $74,000. Northwestern Mutual Wealth Management Co. lifted its position in Five9 by 11,392.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,218 shares of the software maker's stock worth $87,000 after buying an additional 3,190 shares during the last quarter. Bayforest Capital Ltd bought a new stake in Five9 in the 1st quarter worth approximately $127,000. Finally, State of Wyoming lifted its position in Five9 by 41.6% in the 4th quarter. State of Wyoming now owns 4,717 shares of the software maker's stock worth $192,000 after buying an additional 1,386 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company's stock.

Insider Buying and Selling

In related news, President Andy Dignan sold 7,614 shares of the company's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $25.48, for a total value of $194,004.72. Following the sale, the president directly owned 218,125 shares of the company's stock, valued at $5,557,825. This represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Leena Mansharamani sold 2,969 shares of the company's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $25.85, for a total value of $76,748.65. Following the completion of the sale, the chief accounting officer directly owned 41,522 shares in the company, valued at approximately $1,073,343.70. The trade was a 6.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,781 shares of company stock valued at $1,565,453 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. KeyCorp assumed coverage on Five9 in a research note on Friday, June 6th. They set an "overweight" rating and a $35.00 price objective for the company. Rosenblatt Securities reissued a "buy" rating and set a $36.00 price objective on shares of Five9 in a research note on Friday, August 1st. Wall Street Zen raised Five9 from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. DA Davidson raised Five9 to a "hold" rating in a research note on Monday, August 4th. Finally, Canaccord Genuity Group restated a "buy" rating and set a $40.00 target price on shares of Five9 in a report on Friday, August 1st. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $37.59.

Five9 Trading Down 2.0%

Shares of Five9 stock traded down $0.54 during midday trading on Wednesday, reaching $25.84. 675,822 shares of the company's stock traded hands, compared to its average volume of 1,902,884. The company has a market cap of $2.00 billion, a PE ratio of 286.52, a price-to-earnings-growth ratio of 2.51 and a beta of 1.17. The stock has a 50 day moving average of $26.67 and a 200-day moving average of $27.28. Five9, Inc. has a 12 month low of $21.04 and a 12 month high of $49.90. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.44 and a current ratio of 4.44.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.11. The company had revenue of $283.27 million for the quarter, compared to analysts' expectations of $275.18 million. Five9 had a return on equity of 8.91% and a net margin of 0.80%.The firm's revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. Five9 has set its Q3 2025 guidance at 0.720-0.740 EPS. FY 2025 guidance at 2.860-2.900 EPS. As a group, equities analysts expect that Five9, Inc. will post 0.28 EPS for the current fiscal year.

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.