Five9, Inc. $FIVN Stock Position Increased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in shares of Five9, Inc. (NASDAQ:FIVN) by 238.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 724,604 shares of the software maker’s stock after purchasing an additional 510,714 shares during the period. Assenagon Asset Management S.A. owned 0.94% of Five9 worth $17,535,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. State of Wyoming raised its stake in shares of Five9 by 11.5% during the first 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 in the last quarter. California State Teachers Retirement System increased its stake in Five9 by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 69,189 shares of the software maker’s stock valued at $1,832,000 after buying an additional 549 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Five9 by 3.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 18,685 shares of the software maker’s stock worth $495,000 after buying an additional 583 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Five9 by 10.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,240 shares of the software maker’s stock worth $271,000 after buying an additional 953 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Five9 by 1.0% in the 2nd quarter. Hsbc Holdings PLC now owns 98,629 shares of the software maker’s stock worth $2,632,000 after acquiring an additional 1,024 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Price Performance

Shares of NASDAQ:FIVN opened at $20.54 on Friday. The company’s fifty day moving average is $21.18 and its two-hundred day moving average is $24.57. The company has a market cap of $1.61 billion, a P/E ratio of 57.06, a price-to-earnings-growth ratio of 1.30 and a beta of 1.35. Five9, Inc. has a 12-month low of $17.71 and a 12-month high of $49.90. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.96.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. The business had revenue of $283.27 million for the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%. Equities analysts expect that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Five9 declared that its board has approved a stock repurchase plan on Tuesday, November 11th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the software maker to purchase up to 3.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Five9

In other news, CFO Bryan M. Lee sold 13,219 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $20.35, for a total value of $269,006.65. Following the transaction, the chief financial officer owned 224,269 shares in the company, valued at $4,563,874.15. This represents a 5.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tiffany N. Meriweather sold 6,852 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $20.35, for a total transaction of $139,438.20. Following the completion of the sale, the insider directly owned 212,126 shares of the company’s stock, valued at $4,316,764.10. This trade represents a 3.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 66,739 shares of company stock worth $1,364,010. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

FIVN has been the topic of a number of research analyst reports. Barclays lowered their price objective on shares of Five9 from $33.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Five9 in a research note on Thursday. Wells Fargo & Company lowered their price target on Five9 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Wall Street Zen lowered Five9 from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Five9 in a research note on Monday. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Five9 has an average rating of “Moderate Buy” and an average target price of $32.93.

Five9 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.