Atreides Management LP Has $16.75 Million Holdings in Five9, Inc. $FIVN

Key Points

• Atreides Management LP increased its stake in Five9, Inc. by 54.9%, acquiring an additional 218,563 shares, bringing its total holdings to approximately 616,796 shares valued at $16.7 million.
• Five9 reported a net margin of 0.80% and a return on equity of 8.91% with a quarterly earnings per share of $0.76, surpassing analysts' expectations.
• Institutional investors now own 96.64% of Five9's stock, indicating strong institutional support for the company.

Atreides Management LP increased its stake in Five9, Inc. (NASDAQ:FIVN - Free Report) by 54.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 616,796 shares of the software maker's stock after acquiring an additional 218,563 shares during the period. Atreides Management LP owned approximately 0.81% of Five9 worth $16,746,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Sylebra Capital LLC boosted its position in shares of Five9 by 59.4% in the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock worth $152,228,000 after acquiring an additional 1,396,496 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Five9 by 14.8% in the first quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker's stock worth $74,649,000 after acquiring an additional 353,939 shares during the last quarter. Van Berkom & Associates Inc. boosted its position in shares of Five9 by 14.2% in the first quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker's stock worth $58,122,000 after acquiring an additional 266,484 shares during the last quarter. Armistice Capital LLC boosted its position in shares of Five9 by 6.5% in the first quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker's stock worth $56,961,000 after acquiring an additional 127,793 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Five9 by 50.9% in the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock worth $72,496,000 after acquiring an additional 601,348 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Stock Up 1.5%

Shares of FIVN traded up $0.40 during mid-day trading on Friday, reaching $26.70. 2,463,520 shares of the stock traded hands, compared to its average volume of 1,853,890. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 296.70, a P/E/G ratio of 2.48 and a beta of 1.17. The stock has a fifty day simple moving average of $26.67 and a 200 day simple moving average of $27.59. Five9, Inc. has a 12-month low of $21.04 and a 12-month 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.

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

Insider Activity

In other news, EVP Panos Kozanian sold 7,043 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $25.81, for a total transaction of $181,779.83. Following the completion of the transaction, the executive vice president owned 116,175 shares of the company's stock, valued at approximately $2,998,476.75. The trade was a 5.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 8,443 shares of company stock worth $218,600 over the last three months. Insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FIVN. KeyCorp began coverage on shares of Five9 in a research report on Friday, June 6th. They issued an "overweight" rating and a $35.00 target price on the stock. DA Davidson upgraded shares of Five9 to a "hold" rating in a report on Monday, August 4th. Canaccord Genuity Group restated a "buy" rating and issued a $40.00 price target on shares of Five9 in a report on Friday, August 1st. Rosenblatt Securities restated a "buy" rating and issued a $36.00 price target on shares of Five9 in a report on Friday, August 1st. Finally, Piper Sandler cut their price target on shares of Five9 from $36.00 to $31.00 and set an "overweight" rating on the stock in a report on Monday, July 14th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $37.59.

Five9 Company 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.