ABS Investment Management LLC Acquires Shares of 100,000 Five9, Inc. $FIVN

Key Points

• ABS Investment Management acquired 100,000 Five9 shares in the second quarter, representing approximately 0.13% of the company and 1.5% of ABS’s portfolio. Institutional investors collectively own 96.64% of Five9.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $32.79; Barclays and Cantor Fitzgerald raised their targets to $34.
• Five9 exceeded quarterly expectations, reporting $0.70 in EPS versus a $0.68 estimate and $312.44 million in revenue, up 10.3% year over year. The stock opened at $32.28, near its 52-week high of $34.58.

ABS Investment Management LLC bought a new position in Five9, Inc. (NASDAQ:FIVN - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the software maker's stock, valued at approximately $2,132,000,000. Five9 makes up about 1.5% of ABS Investment Management LLC's holdings, making the stock its 18th biggest holding. ABS Investment Management LLC owned approximately 0.13% of Five9 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in Five9 by 378.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker's stock worth $26,000 after purchasing an additional 1,367 shares during the last quarter. Quarry LP bought a new stake in shares of Five9 during the 3rd quarter worth about $33,000. Optiver Holding B.V. increased its holdings in shares of Five9 by 575.9% during the 1st quarter. Optiver Holding B.V. now owns 2,325 shares of the software maker's stock valued at $35,000 after acquiring an additional 1,981 shares during the last quarter. Rothschild Investment LLC raised its stake in shares of Five9 by 3,572.0% in the 4th quarter. Rothschild Investment LLC now owns 1,836 shares of the software maker's stock valued at $37,000 after acquiring an additional 1,786 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in Five9 in the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 96.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FIVN. Jefferies Financial Group reissued a "hold" rating on shares of Five9 in a research report on Friday, May 1st. Wall Street Zen downgraded shares of Five9 from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Barclays raised their target price on shares of Five9 from $25.00 to $34.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. Robert W. Baird lifted their target price on shares of Five9 from $22.00 to $30.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Finally, Cantor Fitzgerald boosted their target price on shares of Five9 from $32.00 to $34.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Five9 has a consensus rating of "Moderate Buy" and an average price target of $32.79.

Five9 Stock Performance

NASDAQ FIVN opened at $32.28 on Wednesday. The company's fifty day moving average is $26.33 and its two-hundred day moving average is $21.15. Five9, Inc. has a 52-week low of $13.29 and a 52-week high of $34.58. The company has a debt-to-equity ratio of 0.94, a current ratio of 4.15 and a quick ratio of 4.15. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 46.78 and a beta of 1.41.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The software maker reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. Five9 had a net margin of 4.94% and a return on equity of 12.92%. The business had revenue of $312.44 million during the quarter, compared to analyst estimates of $306.61 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The firm's revenue for the quarter was up 10.3% on a year-over-year basis. 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 research analysts forecast that Five9, Inc. will post 1.55 EPS for the current year.

Insider Transactions at Five9

In other Five9 news, EVP Panos Kozanian sold 5,869 shares of Five9 stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $24.81, for a total transaction of $145,609.89. Following the sale, the executive vice president owned 161,671 shares in the company, valued at $4,011,057.51. The trade was a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Bryan M. Lee sold 16,620 shares of Five9 stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $24.81, for a total transaction of $412,342.20. Following the sale, the chief financial officer owned 311,462 shares in the company, valued at $7,727,372.22. This represents a 5.07% 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 sold 56,003 shares of company stock valued at $1,386,457 over the last 90 days. Corporate insiders own 1.20% of the company's stock.

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.

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