Bank of New York Mellon Corp Takes Position in Five9, Inc. $FIVN

Key Points

• Bank of New York Mellon acquired 489,185 Five9 shares during the second quarter, valued at approximately $10.4 million and representing about 0.64% of the company. Institutional investors collectively own 96.64% of Five9.
• Analysts have raised their price targets, with the consensus target at $33.14 and an overall “Moderate Buy” rating. Five9 recently reported quarterly revenue of $312.44 million, up 10.3% year over year, and earnings of $0.70 per share, beating estimates.
• Five9 shares opened at $33.59, near their 52-week high of $35.17, while insiders have sold 22,351 shares worth approximately $733,540 over the past 90 days under pre-arranged trading plans.

Bank of New York Mellon Corp acquired a new position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 489,185 shares of the software maker's stock, valued at approximately $10,429,000. Bank of New York Mellon Corp owned approximately 0.64% of Five9 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FIVN. California State Teachers Retirement System increased its holdings in shares of Five9 by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 69,189 shares of the software maker's stock worth $1,832,000 after buying an additional 549 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in shares of Five9 by 7.3% during the 4th quarter. Citizens Financial Group Inc. RI now owns 11,358 shares of the software maker's stock worth $228,000 after acquiring an additional 776 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Five9 by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 56,303 shares of the software maker's stock worth $1,129,000 after acquiring an additional 807 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Five9 by 378.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker's stock worth $26,000 after acquiring an additional 1,367 shares during the last quarter. Finally, Quarry LP purchased a new position in Five9 in the third quarter worth $33,000. 96.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FIVN has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their target price on Five9 from $25.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Truist Financial lifted their price target on Five9 from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Monday. Weiss Ratings upgraded Five9 from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 7th. Robert W. Baird increased their price objective on Five9 from $22.00 to $30.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. Finally, Rosenblatt Securities raised their price objective on Five9 from $29.00 to $32.00 and gave the company a "buy" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Five9 presently has an average rating of "Moderate Buy" and a consensus target price of $33.14.

Insider Activity at Five9

In other news, President Andy Dignan sold 17,767 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $35.03, for a total value of $622,378.01. Following the transaction, the president owned 257,920 shares in the company, valued at approximately $9,034,937.60. This trade represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Bryan M. Lee sold 1,511 shares of Five9 stock in a transaction on Friday, June 5th. The stock was sold at an average price of $24.25, for a total transaction of $36,641.75. Following the completion of the transaction, the chief financial officer directly owned 309,951 shares in the company, valued at approximately $7,516,311.75. The trade was a 0.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last 90 days, insiders have sold 22,351 shares of company stock worth $733,540. 1.20% of the stock is owned by corporate insiders.

Five9 Price Performance

Shares of NASDAQ:FIVN opened at $33.59 on Thursday. The stock has a market cap of $2.57 billion, a PE ratio of 48.68 and a beta of 1.48. The company's fifty day moving average is $28.07 and its 200 day moving average is $21.87. Five9, Inc. has a 52 week low of $13.29 and a 52 week high of $35.17. 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 posted its quarterly earnings results on Thursday, August 6th. The software maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. Five9 had a net margin of 4.94% and a return on equity of 12.92%. The business had revenue of $312.44 million during the quarter, compared to the consensus estimate of $306.61 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The firm's revenue for the quarter 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. Research analysts anticipate that Five9, Inc. will post 1.55 earnings per share for the current year.

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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