Five9, Inc. $FIVN Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG has decreased its stake in Five9, Inc. by 32.2%, now owning 513,136 shares valued at approximately $13.9 million.
• Five9's latest earnings report exceeded expectations, with earnings per share at $0.76 and revenue of $283.27 million, representing a 12.4% year-over-year increase.
• Several analysts upgraded their ratings on Five9, with a consensus average target price of $37.59, reflecting positive market sentiment towards the company's growth prospects.

Deutsche Bank AG lessened its holdings in Five9, Inc. (NASDAQ:FIVN - Free Report) by 32.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 513,136 shares of the software maker's stock after selling 244,099 shares during the period. Deutsche Bank AG owned 0.67% of Five9 worth $13,932,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FIVN. Ameriprise Financial Inc. lifted its holdings in shares of Five9 by 353.3% in the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker's stock valued at $97,356,000 after purchasing an additional 1,867,137 shares in the last quarter. Sylebra Capital LLC lifted its holdings in shares of Five9 by 59.4% in the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock valued at $152,228,000 after purchasing an additional 1,396,496 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Five9 in the fourth quarter valued at about $51,061,000. Wellington Management Group LLP lifted its holdings in shares of Five9 by 50.9% in the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock valued at $72,496,000 after purchasing an additional 601,348 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Five9 in the first quarter valued at about $15,777,000. Hedge funds and other institutional investors own 96.64% of the company's stock.

Insider Buying and Selling

In other news, President Andy Dignan sold 4,845 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.18, for a total value of $136,532.10. Following the completion of the sale, the president owned 227,839 shares of the company's stock, valued at $6,420,503.02. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Panos Kozanian sold 7,043 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $25.81, for a total transaction of $181,779.83. Following the completion of the sale, the executive vice president directly owned 116,175 shares of the company's stock, valued at $2,998,476.75. The trade was a 5.72% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,609 shares of company stock valued at $1,113,133. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FIVN has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. UBS Group cut their price objective on shares of Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Jefferies Financial Group cut their price objective on shares of Five9 from $45.00 to $28.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Evercore ISI cut their price objective on shares of Five9 from $55.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, KeyCorp began coverage on shares of Five9 in a research report on Friday, June 6th. They issued an "overweight" rating and a $35.00 price objective for the company. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.59.

Five9 Trading Down 0.4%

FIVN stock traded down $0.1060 on Tuesday, hitting $26.2940. 379,004 shares of the company were exchanged, compared to its average volume of 1,914,262. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $49.90. The company has a debt-to-equity ratio of 1.04, a current ratio of 4.44 and a quick ratio of 4.44. The business's fifty day moving average is $26.90 and its two-hundred day moving average is $28.85. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 292.29, a price-to-earnings-growth ratio of 2.45 and a beta of 1.17.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $0.76 EPS for the quarter, topping the consensus estimate of $0.65 by $0.11. Five9 had a net margin of 0.80% and a return on equity of 8.91%. The firm had revenue of $283.27 million during the quarter, compared to analyst estimates of $275.18 million. During the same quarter in the prior year, the business posted $0.52 earnings per share. Five9's revenue for the quarter was up 12.4% compared to the same quarter last year. Five9 has set its Q3 2025 guidance at 0.720-0.740 EPS. FY 2025 guidance at 2.860-2.900 EPS. As a group, research analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.