Corient Private Wealth LP Takes $2.65 Million Position in Five9, Inc. $FIVN

Key Points

• Corient Private Wealth LP acquired a new $2.65 million stake in Five9, purchasing 124,436 shares during the second quarter. Institutional investors collectively own 96.64% of the company.
• Analysts remain generally positive, with Five9 receiving a “Moderate Buy” consensus rating and an average price target of $34; several firms recently raised targets to as high as $40.
• Five9 exceeded quarterly expectations, reporting $0.70 in adjusted earnings per share and $312.44 million in revenue, up 10.3% year over year. Shares opened at $37.01, near their 52-week high of $37.13.

Corient Private Wealth LP acquired a new stake in Five9, Inc. (NASDAQ:FIVN - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 124,436 shares of the software maker's stock, valued at approximately $2,653,000. Corient Private Wealth LP owned approximately 0.16% of Five9 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Five9 in the 2nd quarter valued at $721,000. Ameritas Advisory Services LLC boosted its stake in Five9 by 127.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 58,477 shares of the software maker's stock worth $1,247,000 after purchasing an additional 32,795 shares during the period. Nykredit A S bought a new position in Five9 during the 2nd quarter worth about $39,000. Susquehanna Fundamental Investments LLC increased its holdings in Five9 by 10.2% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 201,081 shares of the software maker's stock worth $4,287,000 after purchasing an additional 18,566 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Five9 in the 2nd quarter valued at about $4,793,000. Institutional investors and hedge funds own 96.64% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on FIVN shares. DA Davidson boosted their price target on Five9 from $22.00 to $28.00 and gave the company a "neutral" rating in a report on Monday, August 10th. UBS Group reaffirmed a "positive" rating on shares of Five9 in a research report on Monday, August 31st. Barclays lifted their price target on shares of Five9 from $25.00 to $34.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. Cantor Fitzgerald boosted their price target on shares of Five9 from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Truist Financial increased their price target on Five9 from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Five9 presently has an average rating of "Moderate Buy" and an average target price of $34.00.

Five9 Stock Performance

Shares of FIVN stock opened at $37.01 on Tuesday. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 53.64 and a beta of 1.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 4.15 and a current ratio of 4.15. The company has a 50-day simple moving average of $30.53 and a 200 day simple moving average of $23.26. Five9, Inc. has a 52 week low of $13.29 and a 52 week high of $37.13.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The software maker reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $312.44 million for the quarter, compared to analysts' expectations of $306.61 million. Five9 had a net margin of 4.94% and a return on equity of 12.92%. The business's revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, sell-side analysts predict that Five9, Inc. will post 1.55 earnings per share for the current year.

Insider Activity at Five9

In other Five9 news, insider Tiffany Meriweather sold 13,409 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $33.31, for a total value of $446,653.79. Following the sale, the insider owned 258,363 shares in the company, valued at $8,606,071.53. This trade represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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, CAO Leena Mansharamani sold 2,706 shares of the firm's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $33.35, for a total value of $90,245.10. Following the sale, the chief accounting officer directly owned 53,670 shares in the company, valued at approximately $1,789,894.50. This trade represents a 4.80% decrease in their position. 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. Insiders have sold 83,831 shares of company stock valued at $2,821,366 in the last quarter. 1.20% of the stock is owned by company insiders.

Five9 Company Profile

Five9, Inc provides cloud-based contact center software and customer experience solutions. Its platform is designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels from a centralized, cloud-based environment.

The company's offerings include inbound and outbound contact center capabilities, digital engagement tools, interactive voice response, workforce engagement management, analytics, workflow automation and artificial intelligence features.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.