Ameriprise Financial Inc. Buys 353,939 Shares of Five9, Inc. $FIVN

Key Points

• Ameriprise Financial Inc. increased its stake in Five9, Inc. by 14.8%, now holding approximately 3.60% of the company, valued at around $74.65 million.
• In the most recent quarter, insiders sold a total of 40,609 shares of Five9 stock, reflecting a 1.60% ownership by company insiders post-sale.
• Three analysts raised their price targets for Five9, with Royal Bank of Canada setting a new target at $35.00 and an overall average target price now at $37.59.

Ameriprise Financial Inc. increased its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 14.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,749,505 shares of the software maker's stock after acquiring an additional 353,939 shares during the quarter. Ameriprise Financial Inc. owned about 3.60% of Five9 worth $74,649,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Xponance Inc. grew its position in Five9 by 4.4% in the 1st quarter. Xponance Inc. now owns 9,835 shares of the software maker's stock worth $267,000 after purchasing an additional 414 shares during the last quarter. Wells Fargo & Company MN grew its position in Five9 by 3.6% in the 4th quarter. Wells Fargo & Company MN now owns 24,779 shares of the software maker's stock worth $1,007,000 after purchasing an additional 852 shares during the last quarter. Banque Transatlantique SA acquired a new stake in Five9 in the 4th quarter worth $36,000. Johnson Financial Group Inc. acquired a new stake in Five9 in the 4th quarter worth $47,000. Finally, State of Wyoming grew 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 purchasing an additional 1,386 shares during the last quarter. Institutional investors own 96.64% of the company's stock.

Insider Transactions at Five9

In other Five9 news, CAO Leena Mansharamani sold 2,938 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $27.83, for a total value of $81,764.54. Following the transaction, the chief accounting officer directly owned 44,901 shares in the company, valued at $1,249,594.83. The trade was a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Burkland sold 12,594 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $27.17, for a total transaction of $342,178.98. Following the completion of the transaction, the chief executive officer directly owned 391,462 shares of the company's stock, valued at approximately $10,636,022.54. This represents a 3.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,609 shares of company stock valued at $1,113,133. 1.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on FIVN shares. Evercore ISI decreased their price target on shares of Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. KeyCorp initiated coverage on shares of Five9 in a research report on Friday, June 6th. They issued an "overweight" rating and a $35.00 price target on the stock. Piper Sandler decreased their target price on shares of Five9 from $36.00 to $31.00 and set an "overweight" rating on the stock in a research report on Monday, July 14th. Canaccord Genuity Group reiterated a "buy" rating and set a $40.00 target price on shares of Five9 in a research report on Friday, August 1st. Finally, UBS Group decreased their target price on shares of Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.59.

Five9 Price Performance

NASDAQ:FIVN traded up $0.23 on Friday, reaching $26.92. The stock had a trading volume of 1,894,500 shares, compared to its average volume of 2,319,565. The company has a market capitalization of $2.08 billion, a P/E ratio of 299.14, a price-to-earnings-growth ratio of 2.52 and a beta of 1.17. Five9, Inc. has a 1-year low of $21.04 and a 1-year high of $49.90. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average price of $26.69 and a 200-day moving average price of $28.10.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.11. The firm had revenue of $283.27 million for the quarter, compared to analyst estimates of $275.18 million. Five9 had a net margin of 0.80% and a return on equity of 8.91%. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business 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. Research analysts forecast that Five9, Inc. will post 0.28 EPS for the current 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.