Magnetar Financial LLC Purchases New Position in Five9, Inc. $FIVN

Key Points

• Magnetar Financial LLC has acquired a new position in Five9, Inc., purchasing 80,930 shares valued at approximately $2.2 million, representing 0.11% ownership.
• Analysts have mixed ratings on Five9, with 13 giving a "Buy" rating and a consensus target price of $37.59.
• Recent insider sales include CEO Michael Burkland and President Andy Dignan selling a combined total of 10,320 shares for over $290,000.

Magnetar Financial LLC acquired a new position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 80,930 shares of the software maker's stock, valued at approximately $2,197,000. Magnetar Financial LLC owned 0.11% of Five9 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new position in Five9 during the 4th quarter worth $36,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Five9 by 419.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker's stock valued at $61,000 after acquiring an additional 1,811 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Five9 by 11,392.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,218 shares of the software maker's stock worth $87,000 after acquiring an additional 3,190 shares during the period. Bayforest Capital Ltd acquired a new stake in Five9 in the 1st quarter worth about $127,000. Finally, State of Wyoming raised its stake in Five9 by 41.6% in the 4th quarter. State of Wyoming now owns 4,717 shares of the software maker's stock worth $192,000 after purchasing an additional 1,386 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on FIVN. KeyCorp initiated coverage on shares of Five9 in a research report on Friday, June 6th. They set an "overweight" rating and a $35.00 target price on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 price target on shares of Five9 in a research note on Friday, August 1st. Barclays reduced their price target on Five9 from $60.00 to $33.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Needham & Company LLC dropped their price objective on Five9 from $52.00 to $40.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, DA Davidson upgraded Five9 to a "hold" rating in a research report on Monday, August 4th. Thirteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.59.

Insiders Place Their Bets

In other Five9 news, President Andy Dignan sold 4,845 shares of Five9 stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.18, for a total value of $136,532.10. Following the transaction, the president owned 227,839 shares in the company, valued at $6,420,503.02. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Burkland sold 5,475 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total value of $154,833.00. Following the transaction, the chief executive officer directly owned 385,987 shares of the company's stock, valued at approximately $10,915,712.36. The trade was a 1.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,609 shares of company stock valued at $1,113,133 over the last ninety days. 1.60% of the stock is owned by insiders.

Five9 Stock Performance

Shares of NASDAQ:FIVN opened at $26.92 on Friday. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $49.90. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 299.14, a price-to-earnings-growth ratio of 2.52 and a beta of 1.17. The company has a debt-to-equity ratio of 1.04, a current ratio of 4.44 and a quick ratio of 4.44. The company's 50 day simple moving average is $26.69 and its 200 day simple moving average is $28.10.

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, topping 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 analysts' expectations of $275.18 million. During the same period in the prior year, the company earned $0.52 earnings per share. The company's quarterly revenue was up 12.4% on a year-over-year basis. 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, research analysts predict that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Five9 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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