VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 33,800 Five9, Inc. $FIVN

Key Points

• Virginia Retirement Systems acquired 33,800 Five9 shares worth approximately $721,000 during the second quarter. Institutional investors collectively own 96.64% of the company, with several funds significantly increasing or initiating positions.
• Five9 exceeded quarterly expectations, reporting $0.70 in EPS versus the $0.68 consensus and revenue of $312.44 million, up 10.3% year over year. The company issued third-quarter EPS guidance of $0.77–$0.81 and full-year guidance of $3.22–$3.30.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $33.14. Shares opened at $31.75, while recent insider sales were conducted under pre-arranged plans primarily to cover tax obligations.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Five9, Inc. (NASDAQ:FIVN - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 33,800 shares of the software maker's stock, valued at approximately $721,000.

Several other institutional investors have also modified their holdings of FIVN. California State Teachers Retirement System increased its stake in Five9 by 1,972.7% in the second quarter. California State Teachers Retirement System now owns 1,879,593 shares of the software maker's stock valued at $40,073,000 after purchasing an additional 1,788,909 shares during the last quarter. Anson Funds Management LP raised its holdings in Five9 by 35.6% during the first quarter. Anson Funds Management LP now owns 2,086,675 shares of the software maker's stock worth $31,655,000 after purchasing an additional 547,304 shares in the last quarter. S Squared Technology LLC purchased a new stake in shares of Five9 during the 2nd quarter worth approximately $10,983,957. Deutsche Bank AG purchased a new stake in shares of Five9 during the 2nd quarter worth approximately $10,432,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Five9 during the 2nd quarter worth approximately $10,429,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Price Performance

Shares of NASDAQ:FIVN opened at $31.75 on Tuesday. The company has a 50-day simple moving average of $29.62 and a 200-day simple moving average of $22.69. Five9, Inc. has a one year low of $13.29 and a one year high of $35.18. The company has a debt-to-equity ratio of 0.94, a quick ratio of 4.15 and a current ratio of 4.15. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 46.02 and a beta of 1.48.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FIVN shares. Barclays increased their target price on shares of Five9 from $25.00 to $34.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Royal Bank Of Canada boosted their price target on shares of Five9 from $25.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Cantor Fitzgerald upped their price objective on shares of Five9 from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Wall Street Zen downgraded shares of Five9 from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Piper Sandler boosted their target price on Five9 from $24.00 to $30.00 and gave the company a "neutral" rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.14.

Insider Buying and Selling

In other Five9 news, CAO Leena Mansharamani sold 1,253 shares of Five9 stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $31.53, for a total value of $39,507.09. Following the transaction, the chief accounting officer directly owned 52,417 shares in the company, valued at approximately $1,652,708.01. This trade represents a 2.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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, insider Tiffany Meriweather sold 5,114 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $31.55, for a total value of $161,346.70. Following the completion of the transaction, the insider directly owned 253,249 shares in the company, valued at approximately $7,990,005.95. The trade was a 1.98% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold a total of 76,845 shares of company stock valued at $2,576,856 over the last 90 days. Insiders own 1.20% of the company's stock.

About Five9

Five9, Inc provides cloud-based contact center software and customer experience solutions. Its platform is designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels from a centralized, cloud-based environment.

The company's offerings include inbound and outbound contact center capabilities, digital engagement tools, interactive voice response, workforce engagement management, analytics, workflow automation and artificial intelligence features.

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