Acadian Asset Management LLC Makes New Investment in Five9, Inc. $FIVN

Key Points

• Acadian Asset Management LLC acquired 38,005 shares of Five9, Inc. during the first quarter, valued at approximately $1,029,000, contributing to institutional investors owning 96.64% of the company's stock.
• President Andy Dignan and CFO Bryan M. Lee both sold shares of Five9 on September 4th, with Dignan decreasing his ownership by 3.37% and Lee by 0.79%.
• Five9's stock has been rated as a "Moderate Buy" by analysts, with the average price target set at $37.59, following a recent quarterly earnings report that beat expectations.

Acadian Asset Management LLC purchased a new stake in Five9, Inc. (NASDAQ:FIVN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 38,005 shares of the software maker's stock, valued at approximately $1,029,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Five9 by 292.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker's stock worth $72,745,000 after purchasing an additional 1,996,628 shares during the period. Sylebra Capital LLC grew its holdings in Five9 by 59.4% in the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock worth $152,228,000 after purchasing an additional 1,396,496 shares during the period. Voss Capital LP acquired a new stake in Five9 in the first quarter worth $28,340,000. Wellington Management Group LLP grew its holdings in Five9 by 50.9% in the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock worth $72,496,000 after purchasing an additional 601,348 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in Five9 in the first quarter worth $15,777,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on FIVN shares. Canaccord Genuity Group restated a "buy" rating and issued a $40.00 price target on shares of Five9 in a report on Friday, August 1st. KeyCorp started coverage on shares of Five9 in a report on Friday, June 6th. They issued an "overweight" rating and a $35.00 price target for the company. Piper Sandler reduced their price target on shares of Five9 from $36.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, July 14th. Rosenblatt Securities reissued a "buy" rating and set a $36.00 target price on shares of Five9 in a research report on Friday, August 1st. Finally, DA Davidson reissued a "neutral" rating and set a $28.00 target price on shares of Five9 in a research report on Friday, September 12th. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $37.59.

Five9 Stock Down 0.3%

Five9 stock traded down $0.09 during midday trading on Friday, hitting $26.49. 2,201,175 shares of the stock were exchanged, compared to its average volume of 1,702,295. Five9, Inc. has a 52-week low of $21.04 and a 52-week high of $49.90. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 294.37, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The business's 50-day moving average price is $26.38 and its 200-day moving average price is $26.64. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 1.04.

Five9 (NASDAQ:FIVN - Get Free Report) last released 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. Five9 had a net margin of 0.80% and a return on equity of 8.91%. The business had revenue of $283.27 million for the quarter, compared to analysts' expectations of $275.18 million. During the same period in the previous year, the company earned $0.52 earnings per share. The firm's revenue for the quarter was up 12.4% compared to the same quarter last year. Five9 has set its Q3 2025 guidance at 0.720-0.740 EPS. FY 2025 guidance at 2.860-2.900 EPS. On average, research analysts expect that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Five9

In related news, CAO Leena Mansharamani sold 2,969 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $25.85, for a total transaction of $76,748.65. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Burkland sold 18,425 shares of the business's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.72, for a total transaction of $473,891.00. Following the transaction, the chief executive officer owned 367,562 shares in the company, valued at approximately $9,453,694.64. This trade represents a 4.77% 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 in the last quarter. 1.60% of the stock is owned by company insiders.

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.