Sylebra Capital LLC Sells 1,448,602 Shares of Five9, Inc. $FIVN

Key Points

• Sylebra Capital LLC reduced its stake in Five9, Inc. by 61.5%, selling 1,448,602 shares and leaving it with 905,212 shares, making Five9 just 1.2% of its investment portfolio.
• Five9 reported a quarterly EPS of $0.76, exceeding expectations, with revenue of $283.27 million, reflecting a 12.4% year-over-year increase.
• Five9's stock has received multiple ratings upgrades, with a consensus rating of "Moderate Buy" and an average price target of $37.59.

Sylebra Capital LLC reduced its position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) by 61.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 905,212 shares of the software maker's stock after selling 1,448,602 shares during the quarter. Five9 accounts for approximately 1.2% of Sylebra Capital LLC's investment portfolio, making the stock its 17th biggest holding. Sylebra Capital LLC owned approximately 1.19% of Five9 worth $24,577,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Five9 by 419.2% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker's stock valued at $61,000 after buying an additional 1,811 shares in the last quarter. Quarry LP purchased a new position in Five9 in the 1st quarter valued at about $74,000. Northwestern Mutual Wealth Management Co. increased its holdings in Five9 by 11,392.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,218 shares of the software maker's stock valued at $87,000 after purchasing an additional 3,190 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Five9 in the 1st quarter valued at approximately $127,000. Finally, State of Wyoming increased its holdings in Five9 by 11.5% in the 1st quarter. State of Wyoming now owns 5,260 shares of the software maker's stock valued at $143,000 after purchasing an additional 543 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Trading Down 0.4%

FIVN traded down $0.10 during trading on Friday, hitting $26.00. The company's stock had a trading volume of 1,008,066 shares, compared to its average volume of 1,904,533. The firm's 50 day moving average price is $26.61 and its 200-day moving average price is $27.16. 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 stock has a market cap of $2.01 billion, a PE ratio of 289.13, a PEG ratio of 2.38 and a beta of 1.17. Five9, Inc. has a twelve month low of $21.04 and a twelve month 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, beating the consensus estimate of $0.65 by $0.11. The company had revenue of $283.27 million during the quarter, compared to analysts' expectations of $275.18 million. Five9 had a net margin of 0.80% and a return on equity of 8.91%. The business's quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS. Five9 has set its Q3 2025 guidance at 0.720-0.740 EPS. FY 2025 guidance at 2.860-2.900 EPS. On average, analysts expect that Five9, Inc. will post 0.28 earnings per share for the current year.

Insider Buying and Selling at Five9

In other Five9 news, insider Tiffany N. Meriweather sold 7,861 shares of Five9 stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $25.72, for a total value of $202,184.92. Following the transaction, the insider owned 218,978 shares in the company, valued at approximately $5,632,114.16. The trade was a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Burkland sold 18,425 shares of Five9 stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $25.72, for a total transaction of $473,891.00. Following the completion of the transaction, the chief executive officer owned 367,562 shares in the company, valued at approximately $9,453,694.64. This trade 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 $1,565,453. Corporate insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Canaccord Genuity Group reissued a "buy" rating and issued a $40.00 price target on shares of Five9 in a research report on Friday, August 1st. Rosenblatt Securities reiterated a "buy" rating and set a $36.00 target price on shares of Five9 in a research note on Friday, August 1st. DA Davidson reaffirmed a "neutral" rating and issued a $28.00 target price on shares of Five9 in a report on Friday. Piper Sandler dropped their target price on shares of Five9 from $36.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, July 14th. Finally, Wall Street Zen raised shares of Five9 from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $37.59.

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.