Assenagon Asset Management S.A. Has $1.88 Million Stock Position in Five9, Inc. $FIVN

Key Points

• Assenagon Asset Management cut its Five9 stake by 87.5% in the second quarter, selling 615,855 shares and retaining 88,044 shares worth approximately $1.88 million. Institutional investors and hedge funds collectively own 96.64% of the company.
• Five9 exceeded quarterly expectations, reporting $0.70 in EPS versus the $0.68 consensus and revenue of $312.44 million, up 10.3% year over year. The company issued third-quarter EPS guidance of $0.77–$0.81 and full-year guidance of $3.22–$3.30.
• Analysts maintain a “Moderate Buy” consensus on Five9, with a $31.50 average price target; recent targets range from $28 to $40. Insiders sold shares recently, primarily under pre-arranged plans to cover tax withholding on vested equity awards.

Assenagon Asset Management S.A. reduced its stake in Five9, Inc. (NASDAQ:FIVN - Free Report) by 87.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,044 shares of the software maker's stock after selling 615,855 shares during the period. Assenagon Asset Management S.A. owned 0.11% of Five9 worth $1,877,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Quarry LP bought a new position in Five9 during the third quarter worth about $33,000. Advisory Services Network LLC bought a new stake in shares of Five9 in the 3rd quarter valued at about $38,000. EverSource Wealth Advisors LLC increased its stake in shares of Five9 by 378.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker's stock valued at $26,000 after acquiring an additional 1,367 shares during the last quarter. Rothschild Investment LLC raised its position 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 during the period. Finally, Optiver Holding B.V. raised its position in shares of Five9 by 575.9% in 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 period. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Stock Down 2.4%

FIVN stock opened at $33.00 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 4.15 and a quick ratio of 4.51. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 47.83 and a beta of 1.42. The business's fifty day moving average price is $24.78 and its two-hundred day moving average price is $20.42. Five9, Inc. has a fifty-two week low of $13.29 and a fifty-two week high of $34.58.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its earnings results on Thursday, August 6th. The software maker reported $0.70 earnings per share (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 company had revenue of $312.44 million during the quarter, compared to analysts' expectations of $306.61 million. During the same quarter in the previous year, the business posted $0.76 earnings per share. Five9's quarterly revenue 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. On average, equities analysts anticipate that Five9, Inc. will post 1.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FIVN has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Five9 from $24.00 to $30.00 and gave the company a "neutral" rating in a report on Friday, August 7th. DA Davidson increased their target price on shares of Five9 from $22.00 to $28.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Royal Bank Of Canada lifted their price target on shares of Five9 from $25.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Jefferies Financial Group reissued a "hold" rating on shares of Five9 in a report on Friday, May 1st. Finally, Needham & Company LLC restated a "buy" rating and issued a $40.00 price objective on shares of Five9 in a research report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Five9 presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.

Insider Buying and Selling at Five9

In other news, 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 transaction of $74,520.25. Following the sale, the president directly owned 275,687 shares of the company's stock, valued at approximately $6,685,409.75. This represents a 1.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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, CFO Bryan M. Lee sold 1,511 shares of the firm's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $24.25, for a total value of $36,641.75. Following the completion of the transaction, the chief financial officer owned 309,951 shares in the company, valued at $7,516,311.75. The trade was a 0.49% 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. Insiders have sold a total of 56,003 shares of company stock valued at $1,386,457 over the last ninety days. 1.20% of the stock is owned by corporate insiders.

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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