Algert Global LLC Reduces Stock Position in Five9, Inc. $FIVN

Key Points

• Algert Global reduced its Five9 stake by 34.2% in the second quarter, selling 352,245 shares and retaining 677,141 shares worth approximately $14.4 million. Institutional investors collectively own 96.64% of Five9.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $32.79. Recent targets range from $32 at Wells Fargo to $39 at Canaccord Genuity.
• Five9 exceeded quarterly expectations, reporting $0.70 in adjusted EPS versus the $0.68 estimate and revenue of $312.44 million, up 10.3% year over year. Shares opened at $32.28, near the company’s 12-month high of $34.58.

Algert Global LLC trimmed its stake in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 34.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 677,141 shares of the software maker's stock after selling 352,245 shares during the period. Algert Global LLC owned approximately 0.88% of Five9 worth $14,437,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dana Investment Advisors Inc. grew its holdings in shares of Five9 by 74.5% in the fourth quarter. Dana Investment Advisors Inc. now owns 222,515 shares of the software maker's stock worth $4,461,000 after acquiring an additional 95,032 shares during the period. Glenmede Trust Co. NA increased its holdings in Five9 by 35.7% in the 1st quarter. Glenmede Trust Co. NA now owns 577,672 shares of the software maker's stock worth $8,763,000 after acquiring an additional 151,974 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Five9 by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 10,037,395 shares of the software maker's stock valued at $201,250,000 after purchasing an additional 759,237 shares during the period. OneDigital Investment Advisors LLC bought a new stake in Five9 during the second quarter valued at about $1,034,000. Finally, Nierenberg Investment Management Company LLC bought a new stake in Five9 during the 2nd quarter valued at approximately $2,895,469,000. Institutional investors own 96.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Five9 from $24.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Jefferies Financial Group reiterated a "hold" rating on shares of Five9 in a research report on Friday, May 1st. Weiss Ratings raised Five9 from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 7th. Barclays upped their price objective on Five9 from $25.00 to $34.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Finally, Canaccord Genuity Group raised their price objective on Five9 from $33.00 to $39.00 and gave the company a "buy" rating in a research note on Monday. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.79.

Insider Transactions at Five9

In other Five9 news, CAO Leena Mansharamani sold 2,556 shares of the company's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $24.81, for a total value of $63,414.36. Following the transaction, the chief accounting officer owned 57,698 shares of the company's stock, valued at $1,431,487.38. This represents a 4.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Andy Dignan sold 3,073 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $24.25, for a total value of $74,520.25. Following the completion of the sale, the president owned 275,687 shares in the company, valued at approximately $6,685,409.75. The trade was a 1.10% decrease in their position. 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. In the last 90 days, insiders sold 56,003 shares of company stock valued at $1,386,457. Company insiders own 1.20% of the company's stock.

Five9 Stock Performance

Shares of NASDAQ:FIVN opened at $32.28 on Wednesday. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 46.78 and a beta of 1.41. Five9, Inc. has a 12 month low of $13.29 and a 12 month high of $34.58. The firm's 50-day moving average is $26.33 and its 200 day moving average is $21.15. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.94.

Five9 (NASDAQ:FIVN - Get Free Report) last announced 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. 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 the consensus estimate of $306.61 million. During the same quarter last year, the firm earned $0.76 earnings per share. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. Five9 has set its Q3 2026 guidance at 0.770-0.810 EPS and its FY 2026 guidance at 3.220-3.300 EPS. Research analysts predict that Five9, Inc. will post 1.55 EPS for the current year.

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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