Assenagon Asset Management S.A. Lowers Holdings in Five9, Inc. $FIVN

Assenagon Asset Management S.A. decreased its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 63.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 213,890 shares of the software maker’s stock after selling 367,219 shares during the quarter. Assenagon Asset Management S.A. owned about 0.28% of Five9 worth $5,664,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in Five9 by 419.2% during 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 buying an additional 1,811 shares during the last quarter. Quarry LP bought a new stake in shares of Five9 in the 1st quarter worth $74,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 worth $87,000 after purchasing an additional 3,190 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Five9 in the 1st quarter worth $127,000. Finally, State of Wyoming increased its holdings in shares of Five9 by 11.5% in the 1st quarter. State of Wyoming now owns 5,260 shares of the software maker’s stock worth $143,000 after purchasing an additional 543 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Insider Buying and Selling at Five9

In other Five9 news, CAO Leena Mansharamani sold 2,969 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.85, for a total transaction of $76,748.65. Following the completion of the sale, the chief accounting officer owned 41,522 shares of the company’s stock, valued at approximately $1,073,343.70. The trade was a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Tiffany N. Meriweather sold 7,861 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $25.72, for a total value of $202,184.92. Following the sale, the insider directly owned 218,978 shares of the company’s stock, valued at $5,632,114.16. This represents a 3.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,781 shares of company stock valued at $1,565,453 in the last ninety days. 1.60% of the stock is currently owned by company insiders.

Five9 Stock Performance

Shares of FIVN opened at $25.82 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 4.44 and a quick ratio of 4.44. Five9, Inc. has a one year low of $21.04 and a one year high of $49.90. The firm has a market capitalization of $1.99 billion, a P/E ratio of 286.92, a PEG ratio of 2.45 and a beta of 1.17. The business has a fifty day moving average of $26.41 and a 200 day moving average of $26.60.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, July 31st. The software maker reported $0.76 EPS 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 company had revenue of $283.27 million during the quarter, compared to analyst estimates of $275.18 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. Five9’s revenue was up 12.4% compared to the same quarter last year. 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, sell-side analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen raised Five9 from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Canaccord Genuity Group reissued a “buy” rating and issued a $40.00 target price on shares of Five9 in a report on Friday, August 1st. Piper Sandler reduced 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. KeyCorp assumed coverage on Five9 in a report on Friday, June 6th. They issued an “overweight” rating and a $35.00 target price for the company. Finally, DA Davidson reissued a “neutral” rating and issued a $28.00 target price on shares of Five9 in a report on Friday, September 12th. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Five9 has a consensus rating of “Moderate Buy” and an average target price of $37.59.

About Five9

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.