Armistice Capital LLC Purchases 127,793 Shares of Five9, Inc. $FIVN

Key Points

• Armistice Capital LLC increased its stake in Five9, Inc. by 6.5%, owning approximately 2,098,000 shares valued at around $56.96 million as of the latest reporting period.
• Five9 reported earnings of $0.76 per share for the most recent quarter, surpassing analyst expectations and showing a 12.4% year-over-year revenue increase to $283.27 million.
• Various institutional investors actively traded Five9, leading to significant holding increases, with hedge funds now owning 96.64% of the company's stock.

Armistice Capital LLC lifted its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 6.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,098,000 shares of the software maker's stock after acquiring an additional 127,793 shares during the quarter. Five9 accounts for 0.9% of Armistice Capital LLC's portfolio, making the stock its 15th largest position. Armistice Capital LLC owned about 2.75% of Five9 worth $56,961,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIVN. MAI Capital Management increased its holdings in Five9 by 229.7% in the 1st quarter. MAI Capital Management now owns 5,269 shares of the software maker's stock worth $143,000 after acquiring an additional 3,671 shares in the last quarter. Quarry LP purchased a new position in shares of Five9 in the first quarter valued at approximately $74,000. Sculptor Capital LP purchased a new position in Five9 in the first quarter worth approximately $736,000. Magnetar Financial LLC purchased a new position in Five9 in the first quarter worth approximately $2,197,000. Finally, State of Wyoming raised its holdings in Five9 by 11.5% during the first quarter. State of Wyoming now owns 5,260 shares of the software maker's stock worth $143,000 after purchasing an additional 543 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company's stock.

Wall Street Analysts Forecast Growth

FIVN has been the topic of several recent research reports. Piper Sandler dropped their price objective on shares of Five9 from $36.00 to $31.00 and set an "overweight" rating on the stock in a research note on Monday, July 14th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $40.00 price target on shares of Five9 in a research note on Friday, August 1st. KeyCorp started coverage on shares of Five9 in a report on Friday, June 6th. They set an "overweight" rating and a $35.00 price objective on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 price objective on shares of Five9 in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded shares of Five9 from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $37.59.

Five9 Stock Performance

Shares of NASDAQ:FIVN traded up $0.03 during trading on Friday, reaching $26.33. The stock had a trading volume of 1,624,524 shares, compared to its average volume of 1,908,112. Five9, Inc. has a 52 week low of $21.04 and a 52 week high of $49.90. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 291.32, a P/E/G ratio of 2.50 and a beta of 1.17. 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 simple moving average of $26.67 and a two-hundred day simple moving average of $27.70.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $0.76 earnings per share (EPS) 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 the consensus estimate of $275.18 million. During the same quarter in the prior year, the company earned $0.52 EPS. The firm's quarterly revenue was up 12.4% on a year-over-year basis. Five9 has set its Q3 2025 guidance at 0.720-0.740 EPS. FY 2025 guidance at 2.860-2.900 EPS. As a group, analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Panos Kozanian sold 7,043 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $25.81, for a total transaction of $181,779.83. Following the transaction, the executive vice president directly owned 116,175 shares of the company's stock, valued at $2,998,476.75. This represents a 5.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 8,443 shares of company stock valued at $218,600 in the last quarter. Corporate insiders own 1.60% of the company's stock.

Five9 Profile

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.