Five9, Inc. $FIVN Shares Sold by ABS Direct Equity Fund LLC

Key Points

• ABS Direct Equity Fund reduced its Five9 stake by 39.4% in the second quarter, selling 65,000 shares and retaining 100,000 shares valued at approximately $2.13 million. Institutional investors collectively own 96.64% of the company.
• Five9 exceeded quarterly expectations, reporting adjusted EPS of $0.70 versus $0.68 expected and revenue of $312.44 million versus $306.61 million estimated. Revenue grew 10.3% year over year, while full-year 2026 EPS guidance remained at $3.22 to $3.30.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $33.14; Canaccord Genuity and Truist raised their targets to $39 and $40, respectively. Several executives also sold shares under pre-arranged Rule 10b5-1 plans, primarily to cover taxes on vested equity awards.

ABS Direct Equity Fund LLC lessened its holdings in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 39.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 100,000 shares of the software maker's stock after selling 65,000 shares during the quarter. Five9 comprises approximately 1.9% of ABS Direct Equity Fund LLC's holdings, making the stock its 20th largest position. ABS Direct Equity Fund LLC owned approximately 0.13% of Five9 worth $2,132,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Five9 by 10.3% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,320,745 shares of the software maker's stock valued at $56,162,000 after buying an additional 217,227 shares in the last quarter. Anson Funds Management LP boosted its holdings in shares of Five9 by 35.6% in the first quarter. Anson Funds Management LP now owns 2,086,675 shares of the software maker's stock valued at $31,655,000 after acquiring an additional 547,304 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Five9 by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,996,382 shares of the software maker's stock valued at $40,034,000 after acquiring an additional 37,261 shares during the period. California State Teachers Retirement System raised its holdings in Five9 by 1,972.7% during the second quarter. California State Teachers Retirement System now owns 1,879,593 shares of the software maker's stock worth $40,073,000 after purchasing an additional 1,788,909 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Five9 by 29.4% during the fourth quarter. First Trust Advisors LP now owns 1,572,466 shares of the software maker's stock worth $31,528,000 after purchasing an additional 357,321 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.

More Five9 News

Here are the key news stories impacting Five9 this week:

• Positive Sentiment: Analysts remain constructive. Canaccord Genuity raised its price target to $39 and maintained a “buy” rating, while Zacks Research upgraded Five9 to “strong buy.” The broader analyst consensus is “moderate buy,” with an average target of $33.14, although that implies limited upside from recent trading levels. Five9 analyst information
• Positive Sentiment: Five9’s most recent quarterly results exceeded expectations: adjusted earnings were $0.70 per share versus the $0.68 consensus, while revenue reached $312.44 million against estimates of $306.61 million. Revenue increased 10.3% year over year, and management maintained 2026 earnings guidance of $3.22 to $3.30 per share. Five9 financial information
• Neutral Sentiment: Reported short interest was zero shares, producing no meaningful days-to-cover or short-squeeze signal. The figure may reflect incomplete or anomalous data rather than a material change in investor positioning.
• Negative Sentiment: Several executives sold shares, including President Andy Dignan, CFO Bryan Lee, Chief Accounting Officer Leena Mansharamani and insider Tiffany Meriweather. The transactions totaled approximately 59,000 shares worth $1.9 million and reduced their holdings, which can weigh on sentiment while the stock is near its 52-week high. However, all of the reported sales were made under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, making them less concerning than discretionary sales. Five9 SEC insider transaction filing

Insider Transactions at Five9

In other news, President Andy Dignan sold 17,767 shares of the firm's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $35.03, for a total transaction of $622,378.01. Following the completion of the sale, the president directly owned 257,920 shares of the company's stock, valued at $9,034,937.60. This trade represents a 6.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Bryan Lee sold 19,308 shares of the business's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $33.34, for a total value of $643,728.72. Following the completion of the sale, the chief financial officer directly owned 290,643 shares of the company's stock, valued at approximately $9,690,037.62. The trade was a 6.23% 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. In the last quarter, insiders sold 76,845 shares of company stock valued at $2,576,856. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FIVN. Wells Fargo & Company increased their price target on Five9 from $24.00 to $32.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 25th. Canaccord Genuity Group upped their price objective on Five9 from $33.00 to $39.00 and gave the company a "buy" rating in a report on Monday, August 24th. UBS Group reaffirmed a "positive" rating on shares of Five9 in a research note on Monday, August 31st. Truist Financial lifted their target price on Five9 from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Monday, August 31st. Finally, DA Davidson boosted their price target on shares of Five9 from $22.00 to $28.00 and gave the stock a "neutral" rating in a research report on Monday, August 10th. One research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.14.

Five9 Stock Performance

Shares of Five9 stock opened at $30.25 on Friday. Five9, Inc. has a 12 month low of $13.29 and a 12 month high of $35.18. The stock has a market cap of $2.32 billion, a PE ratio of 43.84 and a beta of 1.48. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $29.32 and a 200-day simple moving average of $22.50.

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 analysts' consensus estimates of $0.68 by $0.02. Five9 had a return on equity of 12.92% and a net margin of 4.94%.The company had revenue of $312.44 million for the quarter, compared to the consensus estimate of $306.61 million. During the same quarter in the prior year, the company earned $0.76 EPS. The firm's quarterly revenue 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. On average, sell-side analysts anticipate that Five9, Inc. will post 1.55 EPS for the current fiscal 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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