Five9, Inc. $FIVN Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Lowers Position

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its position in Five9, Inc. (NASDAQ:FIVN) by 82.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,100 shares of the software maker’s stock after selling 27,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Five9 were worth $207,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Anson Funds Management LP boosted its position 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 acquiring an additional 547,304 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Five9 by 18.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,054,769 shares of the software maker’s stock valued at $15,998,000 after acquiring an additional 165,623 shares during the last quarter. S Squared Technology LLC acquired a new position in Five9 in the 2nd quarter valued at $10,983,957. Deutsche Bank AG acquired a new position in Five9 in the 2nd quarter valued at $10,432,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Five9 during the 2nd quarter worth $10,429,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Key Five9 News

Here are the key news stories impacting Five9 this week:

• Positive Sentiment: Five9 reported Q3 adjusted EPS of $0.82 versus the $0.80 consensus and revenue of $323.3 million versus $319.0 million. Revenue rose 13% year over year, with subscription growth of 16%. Five9 Q3 results
• Positive Sentiment: Management’s FY 2026 adjusted EPS guidance of $3.17–$3.21 is above the cited $2.92 consensus. The company also highlighted 91% growth in AI revenue, supporting its opportunity to expand AI-powered customer service products. Q3 earnings call highlights
• Neutral Sentiment: Five9 agreed to acquire Level AI for $325 million in cash, adding tools for automating customer interactions and analyzing customer conversations. The deal could strengthen its AI platform, though its eventual financial contribution is uncertain. Level AI acquisition announcement
• Negative Sentiment: Gross margins narrowed year over year: GAAP gross margin was 53.4%, versus 55.0% a year earlier. Q4 EPS guidance of $0.88–$0.92 straddles the $0.90 consensus, while revenue guidance is broadly in line with expectations—limiting evidence of a near-term forecast beat. Q3 estimates and margins
• Negative Sentiment: Analyst responses were mixed but included a downgrade from Evercore to “in-line” with a $24 target and lower targets from Wells Fargo ($28), Truist ($35), and Barclays ($38). These cautious revisions may add pressure despite several firms retaining positive ratings. Wells Fargo analyst rating

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FIVN shares. UBS Group raised their price objective on Five9 from $36.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, October 16th. Weiss Ratings upgraded Five9 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Needham & Company LLC reiterated a “buy” rating on shares of Five9 in a research report on Friday. Robert W. Baird increased their target price on Five9 from $22.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, Wall Street Zen lowered Five9 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.94.

Five9 Price Performance

Five9 stock opened at $28.12 on Monday. Five9, Inc. has a 1 year low of $13.29 and a 1 year high of $40.00. The firm has a 50 day moving average price of $34.54 and a 200 day moving average price of $24.49. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 41.97 and a beta of 1.56. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.00 and a current ratio of 4.00.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, November 5th. The software maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. The firm had revenue of $323.30 million during the quarter, compared to analyst estimates of $319.04 million. Five9 had a net margin of 4.51% and a return on equity of 12.85%. Five9’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share. Sell-side analysts predict that Five9, Inc. will post 1.55 earnings per share for the current year.

Insider Activity at Five9

In other news, President Andy Dignan sold 6,986 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $35.00, for a total transaction of $244,510.00. Following the completion of the sale, the president directly owned 237,614 shares in the company, valued at $8,316,490. This represents a 2.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Bryan Lee sold 1,310 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $32.60, for a total value of $42,706.00. Following the sale, the chief financial officer owned 289,333 shares of the company’s stock, valued at approximately $9,432,255.80. The trade was a 0.45% decrease in their ownership of the stock. 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 83,831 shares of company stock valued at $2,821,366 over the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Five9 Profile

Five9, Inc is a cloud-based software company that provides customer experience and contact center solutions. Its platform enables organizations to manage customer interactions across voice, chat, email, social media and other digital channels without relying on traditional on-premises contact center infrastructure.

The company’s Intelligent CX Platform includes tools for inbound and outbound communications, digital engagement, workforce optimization, workflow automation, analytics and reporting.