Fox Run Management L.L.C. Sells 10,028 Shares of Five9, Inc. $FIVN

Key Points

• Fox Run Management L.L.C. has reduced its holdings in Five9, Inc. by 34.9%, selling 10,028 shares and retaining 18,682 shares valued at approximately $507,000.
• CEO Michael Burkland and CFO Bryan M. Lee both made significant stock sales recently, with Burkland selling 12,594 shares and Lee selling 1,798 shares, indicating a decrease in their respective positions.
• Five9's stock saw a 3.6% increase and reported quarterly earnings of $0.76 per share, surpassing analyst expectations and reflecting a year-over-year revenue increase of 12.4%.

Fox Run Management L.L.C. cut its holdings in Five9, Inc. (NASDAQ:FIVN - Free Report) by 34.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,682 shares of the software maker's stock after selling 10,028 shares during the quarter. Fox Run Management L.L.C.'s holdings in Five9 were worth $507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIVN. Banque Transatlantique SA purchased a new stake in shares of Five9 in the 4th quarter worth about $36,000. Johnson Financial Group Inc. purchased a new position in shares of Five9 during the fourth quarter valued at approximately $47,000. Bayforest Capital Ltd purchased a new position in shares of Five9 during the first quarter valued at approximately $127,000. PNC Financial Services Group Inc. lifted its holdings in shares of Five9 by 74.7% during the first quarter. PNC Financial Services Group Inc. now owns 6,701 shares of the software maker's stock valued at $182,000 after purchasing an additional 2,865 shares during the last quarter. Finally, State of Wyoming lifted its holdings in shares of Five9 by 41.6% during the fourth quarter. State of Wyoming now owns 4,717 shares of the software maker's stock valued at $192,000 after purchasing an additional 1,386 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FIVN shares. Jefferies Financial Group lowered their target price on shares of Five9 from $45.00 to $28.00 and set a "hold" rating for the company in a report on Monday, April 28th. Piper Sandler lowered their target price on shares of Five9 from $36.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, July 14th. KeyCorp started coverage on shares of Five9 in a report on Friday, June 6th. They set an "overweight" rating and a $35.00 target price for the company. UBS Group lowered their target price on shares of Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Needham & Company LLC lowered their price objective on Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Thirteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $37.59.

Five9 Stock Up 8.1%

FIVN stock traded up $2.06 during midday trading on Friday, hitting $27.57. The company's stock had a trading volume of 2,750,357 shares, compared to its average volume of 2,387,757. The company has a market cap of $2.13 billion, a PE ratio of 306.37, a P/E/G ratio of 2.60 and a beta of 1.17. Five9, Inc. has a 12 month low of $21.04 and a 12 month high of $49.90. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04. The firm's 50-day moving average is $26.76 and its 200-day moving average is $28.51.

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

Insider Buying and Selling at Five9

In other Five9 news, CEO Michael Burkland sold 5,475 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total transaction of $154,833.00. Following the completion of the sale, the chief executive officer directly owned 385,987 shares in the company, valued at approximately $10,915,712.36. The trade was a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bryan M. Lee sold 1,798 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total transaction of $50,847.44. Following the sale, the chief financial officer owned 126,468 shares of the company's stock, valued at approximately $3,576,515.04. This represents a 1.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,609 shares of company stock worth $1,113,133. 1.60% of the stock is owned by corporate insiders.

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.