Bank of America Corp DE Has $17.76 Million Stake in Five9, Inc. $FIVN

Bank of America Corp DE reduced its position in Five9, Inc. (NASDAQ:FIVN - Free Report) by 83.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,170,477 shares of the software maker's stock after selling 6,048,748 shares during the quarter. Bank of America Corp DE owned about 1.53% of Five9 worth $17,756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dana Investment Advisors Inc. raised its position in Five9 by 74.5% during the fourth quarter. Dana Investment Advisors Inc. now owns 222,515 shares of the software maker's stock valued at $4,461,000 after purchasing an additional 95,032 shares in the last quarter. Vanguard Group Inc. lifted its stake in Five9 by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 10,037,395 shares of the software maker's stock worth $201,250,000 after purchasing an additional 759,237 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Five9 by 18.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,054,769 shares of the software maker's stock valued at $15,998,000 after purchasing an additional 165,623 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Five9 in the first quarter valued at about $782,000. Finally, Gagnon Advisors LLC boosted its stake in shares of Five9 by 100.9% in the 4th quarter. Gagnon Advisors LLC now owns 336,277 shares of the software maker's stock valued at $6,742,000 after purchasing an additional 168,891 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CRO Matthew E. Tuckness sold 8,645 shares of the firm's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $24.81, for a total transaction of $214,482.45. Following the completion of the transaction, the executive directly owned 281,492 shares in the company, valued at $6,983,816.52. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Panos Kozanian sold 5,869 shares of Five9 stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $24.81, for a total value of $145,609.89. Following the completion of the transaction, the executive vice president directly owned 161,671 shares in the company, valued at approximately $4,011,057.51. This represents a 3.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 56,003 shares of company stock valued at $1,386,457. Corporate insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on FIVN shares. DA Davidson increased their price target on Five9 from $22.00 to $28.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Robert W. Baird upped their target price on Five9 from $22.00 to $30.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Truist Financial increased their target price on Five9 from $23.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Zacks Research lowered Five9 from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 30th. Finally, Piper Sandler boosted their price target on Five9 from $24.00 to $30.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $31.50.

Five9 Stock Performance

NASDAQ FIVN opened at $32.74 on Thursday. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 47.45 and a beta of 1.42. Five9, Inc. has a twelve month low of $13.29 and a twelve month high of $34.58. The stock has a fifty day simple moving average of $25.39 and a 200 day simple moving average of $20.73. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.94.

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, topping the consensus estimate of $0.68 by $0.02. The business had revenue of $312.44 million during the quarter, compared to analyst estimates of $306.61 million. Five9 had a return on equity of 12.92% and a net margin of 4.94%.Five9's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $0.76 EPS. Five9 has set its Q3 2026 guidance at 0.770-0.810 EPS and its FY 2026 guidance at 3.220-3.300 EPS. Sell-side analysts expect that Five9, Inc. will post 1.55 EPS for the current year.

Five9 Profile

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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