Granahan Investment Management LLC Cuts Holdings in Five9, Inc. $FIVN

Key Points

• Granahan Investment Management LLC sold 60,975 shares of Five9, Inc., reducing its stake by 37.3% to approximately 102,682 shares valued at $2,788,000.
• Multiple institutional investors have adjusted their positions in Five9, with significant increases noted by Atreides Management LP (+54.9%) and Graham Capital Management L.P. (+125.4%) during the first quarter.
• Five9's stock has received positive ratings from analysts, with 13 rated as "Buy" and an average target price of $37.59, after reporting better-than-expected earnings of $0.76 per share for the last quarter.

Granahan Investment Management LLC decreased its holdings in Five9, Inc. (NASDAQ:FIVN - Free Report) by 37.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,682 shares of the software maker's stock after selling 60,975 shares during the period. Granahan Investment Management LLC owned 0.13% of Five9 worth $2,788,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sylebra Capital LLC raised its position in Five9 by 59.4% in the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock worth $152,228,000 after purchasing an additional 1,396,496 shares during the period. Ameriprise Financial Inc. raised its position in Five9 by 14.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker's stock worth $74,649,000 after purchasing an additional 353,939 shares during the period. Van Berkom & Associates Inc. raised its position in Five9 by 14.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker's stock worth $58,122,000 after purchasing an additional 266,484 shares during the period. Armistice Capital LLC raised its position in Five9 by 6.5% in the 1st quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker's stock worth $56,961,000 after purchasing an additional 127,793 shares during the period. Finally, Wellington Management Group LLP raised its position in Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock worth $72,496,000 after purchasing an additional 601,348 shares during the period. Institutional investors own 96.64% of the company's stock.

Five9 Stock Up 1.4%

Shares of FIVN traded up $0.36 during midday trading on Thursday, hitting $25.64. 527,837 shares of the company's stock traded hands, compared to its average volume of 1,903,127. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $49.90. The firm's fifty day moving average is $26.64 and its 200-day moving average is $27.27. 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 stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 285.09, a price-to-earnings-growth ratio of 2.49 and a beta of 1.17.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The software maker reported $0.76 EPS for the quarter, beating the consensus estimate of $0.65 by $0.11. Five9 had a return on equity of 8.91% and a net margin of 0.80%.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 EPS. The business'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, sell-side analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Buying and Selling at Five9

In related news, President Andy Dignan sold 7,614 shares of the firm's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $25.48, for a total transaction of $194,004.72. Following the completion of the transaction, the president owned 218,125 shares of the company's stock, valued at $5,557,825. This trade represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tiffany N. Meriweather sold 7,861 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $25.72, for a total transaction of $202,184.92. Following the transaction, the insider directly owned 218,978 shares of the company's stock, valued at approximately $5,632,114.16. This trade represents a 3.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,781 shares of company stock valued at $1,565,453. Company insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FIVN. 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 on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $36.00 price objective on shares of Five9 in a research report on Friday, August 1st. Canaccord Genuity Group reaffirmed a "buy" rating and set a $40.00 target price on shares of Five9 in a research report on Friday, August 1st. DA Davidson raised shares of Five9 to a "hold" rating in a research report on Monday, August 4th. Finally, Piper Sandler reduced their target price on shares of Five9 from $36.00 to $31.00 and set an "overweight" rating on the stock in a research report on Monday, July 14th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $37.59.

Five9 Company Profile

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.