Lecap Asset Management Ltd. Sells 17,304 Shares of Five9, Inc. $FIVN

Key Points

• Lecap Asset Management Ltd. has reduced its stake in Five9, Inc. by 33.5%, selling 17,304 shares during the second quarter, leaving it with 34,343 shares valued at $909,000.
• Five9 reported a quarterly earnings per share (EPS) of $0.76, surpassing the consensus estimate of $0.65, with a 12.4% increase in revenue year-over-year.
• Analysts have varied price targets for Five9, with the consensus price target at $37.88, and recent reports indicating a mix of "buy" and "neutral" ratings among analysts.

Lecap Asset Management Ltd. decreased its position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 33.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,343 shares of the software maker's stock after selling 17,304 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Five9 were worth $909,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ABS Direct Equity Fund LLC purchased a new stake in Five9 in the second quarter worth about $2,648,000. Harbor Capital Advisors Inc. raised its holdings in shares of Five9 by 3.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 18,685 shares of the software maker's stock valued at $495,000 after purchasing an additional 583 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Five9 in the 1st quarter worth approximately $1,029,000. Bayforest Capital Ltd bought a new position in shares of Five9 during the first quarter valued at approximately $127,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Five9 by 292.4% during the first 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 buying an additional 1,996,628 shares during the period. Hedge funds and other institutional investors own 96.64% of the company's stock.

Five9 Stock Down 2.7%

Five9 stock opened at $23.01 on Friday. The business's 50-day simple moving average is $26.00 and its two-hundred day simple moving average is $26.38. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.44 and a current ratio of 4.44. The company has a market cap of $1.78 billion, a PE ratio of 255.70, a PEG ratio of 2.23 and a beta of 1.19. Five9, Inc. has a fifty-two week low of $21.04 and a fifty-two week high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The software maker reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.11. The firm had revenue of $283.27 million during 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 company's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. Five9 has set its Q3 2025 guidance at 0.720-0.740 EPS. FY 2025 guidance at 2.860-2.900 EPS. Equities analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on FIVN shares. Piper Sandler lowered their target price on Five9 from $36.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, July 14th. DA Davidson reissued a "neutral" rating and issued a $28.00 price target on shares of Five9 in a research report on Friday, September 12th. Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 price objective on shares of Five9 in a research report on Friday, August 1st. Canaccord Genuity Group reiterated a "buy" rating and issued a $40.00 target price on shares of Five9 in a report on Friday, August 1st. Finally, KeyCorp assumed coverage on shares of Five9 in a research report on Friday, June 6th. They set an "overweight" rating and a $35.00 price target for the company. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $37.88.

Insiders Place Their Bets

In other Five9 news, CFO Bryan M. Lee sold 1,889 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.72, for a total transaction of $48,585.08. Following the sale, the chief financial officer directly owned 237,488 shares of the company's stock, valued at approximately $6,108,191.36. This trade represents a 0.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Leena Mansharamani sold 2,969 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $25.85, for a total value of $76,748.65. Following the completion of the transaction, the chief accounting officer directly owned 41,522 shares of the company's stock, valued at approximately $1,073,343.70. This trade represents a 6.67% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,781 shares of company stock worth $1,563,724. Company insiders own 1.60% of the company's stock.

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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