State of Wyoming Invests $1.24 Million in Five9, Inc. $FIVN

Key Points

• State of Wyoming acquired 58,199 Five9 shares worth approximately $1.24 million, joining other institutions that have increased their holdings. Institutional investors and hedge funds collectively own 96.64% of the company.
• Analysts maintain a generally positive outlook, with Five9 receiving a “Moderate Buy” consensus rating and an average price target of $31.50. Truist, Piper Sandler and Cantor Fitzgerald recently raised their price targets.
• Five9 exceeded quarterly expectations with adjusted EPS of $0.70 versus $0.68 expected and revenue of $312.44 million versus $306.61 million forecast, while revenue rose 10.3% year over year. The stock opened at $33.00, near its 52-week high of $34.58.

State of Wyoming purchased a new stake in Five9, Inc. (NASDAQ:FIVN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 58,199 shares of the software maker's stock, valued at approximately $1,241,000. State of Wyoming owned 0.08% of Five9 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dana Investment Advisors Inc. lifted its holdings in shares of Five9 by 74.5% during the fourth quarter. Dana Investment Advisors Inc. now owns 222,515 shares of the software maker's stock worth $4,461,000 after buying an additional 95,032 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of Five9 by 35.7% in the first quarter. Glenmede Trust Co. NA now owns 577,672 shares of the software maker's stock valued at $8,763,000 after acquiring an additional 151,974 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Five9 by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 10,037,395 shares of the software maker's stock valued at $201,250,000 after acquiring an additional 759,237 shares in the last quarter. Gagnon Advisors LLC increased its position in Five9 by 100.9% during the fourth quarter. Gagnon Advisors LLC now owns 336,277 shares of the software maker's stock worth $6,742,000 after acquiring an additional 168,891 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Five9 by 18.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,054,769 shares of the software maker's stock worth $15,998,000 after acquiring an additional 165,623 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, President Andy Dignan sold 8,203 shares of Five9 stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $24.76, for a total transaction of $203,106.28. Following the sale, the president directly owned 278,760 shares in the company, valued at $6,902,097.60. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, CFO Bryan M. Lee sold 16,620 shares of the company's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $24.81, for a total transaction of $412,342.20. Following the completion of the transaction, the chief financial officer owned 311,462 shares of the company's stock, valued at approximately $7,727,372.22. This trade represents a 5.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last quarter, insiders have sold 56,003 shares of company stock worth $1,386,457. Company insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

FIVN has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of Five9 from $23.00 to $35.00 and gave the company a "buy" rating in a report on Friday, August 7th. Piper Sandler boosted their price target on Five9 from $24.00 to $30.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Weiss Ratings upgraded Five9 from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 7th. Cantor Fitzgerald upped their target price on Five9 from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 price target on shares of Five9 in a research note on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Five9 presently has an average rating of "Moderate Buy" and an average target price of $31.50.

Five9 Trading Down 2.4%

FIVN opened at $33.00 on Friday. The company has a market cap of $2.53 billion, a P/E ratio of 47.83 and a beta of 1.42. The company has a current ratio of 4.15, a quick ratio of 4.51 and a debt-to-equity ratio of 0.94. The company's 50 day moving average is $24.78 and its 200-day moving average is $20.42. Five9, Inc. has a 1-year low of $13.29 and a 1-year high of $34.58.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The software maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. The business had revenue of $312.44 million during the quarter, compared to the consensus estimate of $306.61 million. Five9 had a net margin of 4.94% and a return on equity of 12.92%. The firm's revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 EPS. Five9 has set its Q3 2026 guidance at 0.770-0.810 EPS and its FY 2026 guidance at 3.220-3.300 EPS. Equities research analysts predict that Five9, Inc. will post 1.48 earnings per share for the current fiscal year.

Five9 Company Profile

Five9, Inc NASDAQ: FIVN is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.

Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.

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