59,068 Five9, Inc. $FIVN Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Five9 stake by 67.1% in the third quarter, purchasing 59,068 additional shares and bringing its holdings to 147,112 shares valued at approximately $5 million.
• Institutional ownership remains substantial, with hedge funds and other institutions holding 96.64% of Five9’s stock. Several other investment firms also increased or initiated positions during the quarter.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $35.53, while Five9 recently exceeded quarterly EPS and revenue expectations.

Assenagon Asset Management S.A. raised its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 67.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,112 shares of the software maker's stock after acquiring an additional 59,068 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.19% of Five9 worth $5,003,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue lifted its position in shares of Five9 by 353.2% in the third quarter. State of Alaska Department of Revenue now owns 16,108 shares of the software maker's stock worth $546,000 after purchasing an additional 12,554 shares in the last quarter. Krilogy Financial LLC acquired a new stake in shares of Five9 during the third quarter worth approximately $311,000. GAMMA Investing LLC grew its position in Five9 by 42.7% during the third quarter. GAMMA Investing LLC now owns 1,477 shares of the software maker's stock valued at $50,000 after purchasing an additional 442 shares in the last quarter. Farther Finance Advisors LLC grew its position in Five9 by 14.2% during the third quarter. Farther Finance Advisors LLC now owns 4,019 shares of the software maker's stock valued at $137,000 after purchasing an additional 501 shares in the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in Five9 during the third quarter valued at approximately $988,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company boosted their price target on Five9 from $24.00 to $32.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 25th. Piper Sandler increased their price objective on Five9 from $24.00 to $30.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Needham & Company LLC reaffirmed a "buy" rating on shares of Five9 in a research report on Monday, September 21st. FBN Securities initiated coverage on shares of Five9 in a research note on Wednesday, September 16th. They issued an "outperform" rating and a $40.00 price objective for the company. Finally, DA Davidson set a $33.00 price objective on shares of Five9 in a report on Monday, September 28th. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Five9 currently has a consensus rating of "Moderate Buy" and an average target price of $35.53.

Five9 Trading Up 2.9%

NASDAQ:FIVN opened at $34.31 on Wednesday. Five9, Inc. has a 12 month low of $13.29 and a 12 month high of $40.00. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 23.65 and a beta of 1.53. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.94. The company's 50 day moving average is $33.75 and its 200-day moving average is $26.06.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The software maker reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. The business had revenue of $312.44 million during the quarter, compared to the consensus estimate of $306.61 million. Five9 had a net margin of 4.94% and a return on equity of 12.92%. Five9's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 EPS. Five9 has set its Q3 2026 guidance at 0.770-0.810 EPS and its FY 2026 guidance at 3.220-3.300 EPS. Equities analysts anticipate that Five9, Inc. will post 1.55 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Bryan M. Lee sold 1,310 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $32.60, for a total transaction of $42,706.00. Following the completion of the transaction, the chief financial officer directly owned 289,333 shares in the company, valued at $9,432,255.80. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, insider Tiffany N. Meriweather sold 5,114 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $31.55, for a total value of $161,346.70. Following the transaction, the insider owned 253,249 shares of the company's stock, valued at approximately $7,990,005.95. This trade represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last quarter, insiders sold 83,831 shares of company stock worth $2,821,366. Corporate insiders own 1.20% of the company's stock.

Five9 Profile

Five9, Inc is a cloud-based software company that provides customer experience and contact center solutions. Its platform enables organizations to manage customer interactions across voice, chat, email, social media and other digital channels without relying on traditional on-premises contact center infrastructure.

The company's Intelligent CX Platform includes tools for inbound and outbound communications, digital engagement, workforce optimization, workflow automation, analytics and reporting.

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