Hiddenite Capital Partners LP Makes New Investment in Five9, Inc. $FIVN

Key Points

• Hiddenite Capital Partners acquired 210,000 Five9 shares worth approximately $7.14 million, giving it a 0.27% stake; institutional investors collectively own 96.64% of the company.
• Analysts maintain a generally positive outlook, with Five9 carrying a “Moderate Buy” consensus rating and an average price target of $35.80. Several firms recently raised their targets, including UBS to $48.
• Five9 reported quarterly revenue of $312.44 million, up 10.3% year over year, and adjusted EPS of $0.70, exceeding analyst expectations. Shares opened at $35.77, compared with a 12-month range of $13.29 to $40.00.

Hiddenite Capital Partners LP acquired a new position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 210,000 shares of the software maker's stock, valued at approximately $7,142,000. Five9 accounts for approximately 1.3% of Hiddenite Capital Partners LP's holdings, making the stock its 23rd biggest holding. Hiddenite Capital Partners LP owned about 0.27% of Five9 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Five9 in the 3rd quarter worth about $141,000. Vise Technologies Inc. bought a new position in shares of Five9 during the 3rd quarter worth approximately $293,000. Choreo LLC boosted its holdings in shares of Five9 by 2.4% during the 3rd quarter. Choreo LLC now owns 22,659 shares of the software maker's stock worth $771,000 after buying an additional 521 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in shares of Five9 during the 3rd quarter worth approximately $285,000. Finally, Inspire Investing LLC acquired a new stake in shares of Five9 during the 3rd quarter worth approximately $2,450,000. Institutional investors own 96.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FIVN. UBS Group boosted their target price on shares of Five9 from $36.00 to $48.00 and gave the company a "buy" rating in a research report on Friday, October 16th. Piper Sandler increased their target price on shares of Five9 from $24.00 to $30.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Canaccord Genuity Group raised their price target on shares of Five9 from $33.00 to $39.00 and gave the stock a "buy" rating in a report on Monday, August 24th. Royal Bank Of Canada lifted their price target on shares of Five9 from $25.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Finally, FBN Securities initiated coverage on shares of Five9 in a research note on Wednesday, September 16th. They issued an "outperform" rating and a $40.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Five9 presently has a consensus rating of "Moderate Buy" and an average price target of $35.80.

Five9 Price Performance

Shares of NASDAQ:FIVN opened at $35.77 on Tuesday. Five9, Inc. has a twelve month low of $13.29 and a twelve month high of $40.00. The stock's 50 day moving average is $34.49 and its 200-day moving average is $24.18. 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 firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 51.84 and a beta of 1.53.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The software maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Five9 had a net margin of 4.94% and a return on equity of 12.92%. The business had revenue of $312.44 million during the quarter, compared to the consensus estimate of $306.61 million. During the same quarter last year, the firm posted $0.76 EPS. Five9's revenue was up 10.3% compared to the same quarter last year. Five9 has set its Q3 2026 guidance at 0.770-0.810 EPS and its FY 2026 guidance at 3.220-3.300 EPS. Sell-side analysts forecast that Five9, Inc. will post 1.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Bryan Lee sold 19,308 shares of Five9 stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $33.34, for a total transaction of $643,728.72. Following the transaction, the chief financial officer owned 290,643 shares of the company's stock, valued at $9,690,037.62. The trade was a 6.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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. Also, President Andy Dignan sold 17,767 shares of the company's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $35.03, for a total value of $622,378.01. Following the sale, the president 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 83,831 shares of company stock worth $2,821,366 over the last three months. Company insiders own 1.20% of the company's stock.

Five9 Company Profile

Five9, Inc is a cloud-based software company that provides customer experience and contact center solutions. Its platform enables organizations to manage customer interactions across voice, chat, email, social media and other digital channels without relying on traditional on-premises contact center infrastructure.

The company's Intelligent CX Platform includes tools for inbound and outbound communications, digital engagement, workforce optimization, workflow automation, analytics and reporting.

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