Engineers Gate Manager LP Reduces Position in Five9, Inc. $FIVN

Key Points

• Engineers Gate Manager LP cut its Five9 position by 93.6% in the second quarter, selling 334,543 shares and retaining 22,710 shares worth approximately $484,000. Institutional investors collectively own 96.64% of the company.
• Analysts maintain a “Moderate Buy” consensus on Five9, with one Strong Buy, eleven Buy and seven Hold ratings; the average price target is $34, below the reported share price of $37.68.
• Five9 exceeded quarterly expectations with adjusted EPS of $0.70 versus $0.68 expected and revenue of $312.44 million versus $306.61 million expected. Insiders sold 83,831 shares worth $2.82 million over the past three months, primarily through pre-arranged plans.

Engineers Gate Manager LP lessened its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 93.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,710 shares of the software maker's stock after selling 334,543 shares during the quarter. Engineers Gate Manager LP's holdings in Five9 were worth $484,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. NewEdge Advisors LLC grew its stake in Five9 by 14.5% in the 2nd quarter. NewEdge Advisors LLC now owns 2,894 shares of the software maker's stock worth $62,000 after buying an additional 366 shares in the last quarter. EverSource Wealth Advisors LLC raised its position 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 valued at $26,000 after buying an additional 1,367 shares in the last quarter. Rothschild Investment LLC raised its position in shares of Five9 by 3,572.0% during the 4th quarter. Rothschild Investment LLC now owns 1,836 shares of the software maker's stock valued at $37,000 after buying an additional 1,786 shares in the last quarter. Aurora Investment Counsel lifted its holdings in shares of Five9 by 2.8% during the 4th quarter. Aurora Investment Counsel now owns 68,463 shares of the software maker's stock worth $1,373,000 after acquiring an additional 1,836 shares during the last quarter. Finally, Nykredit A S bought a new stake in shares of Five9 during the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 96.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FIVN shares. Rosenblatt Securities increased their target price on Five9 from $29.00 to $32.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Cantor Fitzgerald upped their price objective on Five9 from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Monday. Wells Fargo & Company increased their price objective on Five9 from $24.00 to $32.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 25th. UBS Group reissued a "positive" rating on shares of Five9 in a report on Monday, August 31st. Finally, Robert W. Baird upped their target price on Five9 from $22.00 to $30.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

Five9 Stock Down 2.5%

FIVN opened at $37.68 on Thursday. The company has a market cap of $2.88 billion, a P/E ratio of 54.61 and a beta of 1.48. The business's 50-day moving average price is $31.05 and its 200-day moving average price is $23.55. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.94. Five9, Inc. has a 12 month low of $13.29 and a 12 month high of $40.00.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its 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 company had revenue of $312.44 million during the quarter, compared to analysts' expectations of $306.61 million. Five9 had a return on equity of 12.92% and a net margin of 4.94%.Five9's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $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, equities analysts expect that Five9, Inc. will post 1.55 EPS for the current year.

Insider Buying and Selling

In related news, President Andy Dignan sold 6,986 shares of the company's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $35.00, for a total transaction of $244,510.00. Following the completion of the sale, the president directly owned 237,614 shares in the company, valued at $8,316,490. This represents a 2.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tiffany N. Meriweather sold 5,114 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $31.55, for a total transaction of $161,346.70. Following the sale, the insider directly owned 253,249 shares of the company's stock, valued at $7,990,005.95. The trade was a 1.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last three months, insiders sold 83,831 shares of company stock worth $2,821,366. 1.20% of the stock is owned by company insiders.

Five9 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.

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