Herald Investment Management Ltd Acquires 51,400 Shares of Five9, Inc. $FIVN

Key Points

• Herald Investment Management Ltd increased its stake in Five9, Inc. by 24.4%, acquiring an additional 51,400 shares, resulting in a total of 262,000 shares valued at approximately $6.9 million.
• Several institutional investors have also boosted their holdings, with UBS AM increasing its stake by 292.4% to own nearly 2.68 million shares valued at $72.7 million.
• Analyst ratings for Five9 show a consensus of "Moderate Buy," with a price target around $37.88, though some analysts have set lower price targets amid mixed performance forecasts.

Herald Investment Management Ltd lifted its stake in Five9, Inc. (NASDAQ:FIVN - Free Report) by 24.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 262,000 shares of the software maker's stock after buying an additional 51,400 shares during the period. Five9 makes up approximately 1.0% of Herald Investment Management Ltd's investment portfolio, making the stock its 25th biggest position. Herald Investment Management Ltd owned about 0.34% of Five9 worth $6,927,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Five9 by 292.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker's stock valued at $72,745,000 after purchasing an additional 1,996,628 shares in the last quarter. ABS Direct Equity Fund LLC acquired a new position in shares of Five9 during the 2nd quarter worth $2,648,000. Teacher Retirement System of Texas bought a new stake in shares of Five9 during the 1st quarter worth $433,000. Harbor Capital Advisors Inc. acquired a new stake in Five9 in the first quarter valued at about $491,000. Finally, PNC Financial Services Group Inc. boosted its stake in Five9 by 74.7% in the first quarter. PNC Financial Services Group Inc. now owns 6,701 shares of the software maker's stock valued at $182,000 after buying an additional 2,865 shares in the last quarter. Institutional investors own 96.64% of the company's stock.

Analyst Ratings Changes

FIVN has been the subject of a number of research reports. Wall Street Zen raised shares of Five9 from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Piper Sandler dropped their price objective on shares of Five9 from $36.00 to $31.00 and set an "overweight" rating for the company in a research note on Monday, July 14th. DA Davidson reaffirmed a "neutral" rating and set a $28.00 target price on shares of Five9 in a research note on Friday, September 12th. Weiss Ratings reiterated a "sell (d)" rating on shares of Five9 in a report on Saturday, September 27th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $40.00 price objective on shares of Five9 in a report on Friday, August 1st. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell 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 $37.88.

Five9 Stock Down 0.9%

FIVN stock opened at $22.80 on Monday. The stock has a market cap of $1.76 billion, a P/E ratio of 253.36, a P/E/G ratio of 2.15 and a beta of 1.19. 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's fifty day simple moving average is $25.88 and its two-hundred day simple moving average is $26.28. Five9, Inc. has a 1-year low of $21.04 and a 1-year high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results on Thursday, July 31st. The software maker reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $275.18 million. During the same period in the prior year, the firm earned $0.52 EPS. The company's revenue 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. Analysts expect that Five9, Inc. will post 0.28 EPS for the current year.

Insider Activity

In other news, EVP Panos Kozanian sold 10,860 shares of Five9 stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $25.87, for a total value of $280,948.20. Following the completion of the transaction, the executive vice president directly owned 105,315 shares in the company, valued at approximately $2,724,499.05. The trade was a 9.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 18,425 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.72, for a total value of $473,891.00. Following the completion of the transaction, the chief executive officer owned 367,562 shares of the company's stock, valued at approximately $9,453,694.64. This represents a 4.77% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,781 shares of company stock valued at $1,563,724. 1.60% of the stock is currently owned by corporate insiders.

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.

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