Five9 (NASDAQ:FIVN) Stock Falls 7.9% – Here’s What Happened

Five9, Inc. (NASDAQ:FIVN)’s share price dropped 7.9% during trading on Friday. The company traded as low as $33.00 and last traded at $32.3170. Approximately 268,776 shares were traded during trading, a decline of 90% from the average session volume of 2,698,320 shares. The stock had previously closed at $35.10.

Wall Street Analysts Forecast Growth

FIVN has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating on shares of Five9 in a research note on Monday, September 21st. Zacks Research cut Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Cantor Fitzgerald increased their target price on Five9 from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, September 21st. Wells Fargo & Company raised their target price on shares of Five9 from $24.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, August 25th. Finally, UBS Group set a $48.00 target price on shares of Five9 in a report on Friday. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.53.

Five9 Trading Down 7.8%

The stock has a market cap of $2.48 billion, a P/E ratio of 46.94 and a beta of 1.53. 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’s fifty day moving average is $33.78 and its 200 day moving average is $25.67.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, August 6th. The software maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. Five9 had a return on equity of 12.92% and a net margin of 4.94%. The company had revenue of $312.44 million for the quarter, compared to analysts’ expectations of $306.61 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Five9 has set its Q3 2026 guidance at 0.770-0.810 EPS and its FY 2026 guidance at 3.220-3.300 EPS. As a group, equities research analysts predict that Five9, Inc. will post 1.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Andy Dignan sold 17,767 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $35.03, for a total transaction of $622,378.01. Following the sale, the president owned 257,920 shares in the company, valued at approximately $9,034,937.60. This represents a 6.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Leena Mansharamani sold 2,706 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $33.35, for a total value of $90,245.10. Following the sale, the chief accounting officer owned 53,670 shares in the company, valued at $1,789,894.50. The trade was a 4.80% 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 have sold a total of 83,831 shares of company stock worth $2,821,366 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FIVN. Assenagon Asset Management S.A. raised its stake in shares of Five9 by 67.1% in the third quarter. Assenagon Asset Management S.A. now owns 147,112 shares of the software maker’s stock valued at $5,003,000 after acquiring an additional 59,068 shares during the period. State of Alaska Department of Revenue raised its position in Five9 by 353.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 16,108 shares of the software maker’s stock worth $546,000 after purchasing an additional 12,554 shares during the period. Krilogy Financial LLC purchased a new stake in Five9 in the 3rd quarter worth about $311,000. GAMMA Investing LLC lifted its stake in Five9 by 42.7% in the third quarter. GAMMA Investing LLC now owns 1,477 shares of the software maker’s stock worth $50,000 after purchasing an additional 442 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Five9 by 14.2% in the third quarter. Farther Finance Advisors LLC now owns 4,019 shares of the software maker’s stock worth $137,000 after purchasing an additional 501 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

About Five9

Five9, Inc provides cloud-based contact center software for businesses and other organizations. Its platform is designed to help companies manage customer interactions across voice, email, chat, social media and other digital channels without relying on traditional, on-premises contact center infrastructure.

The company’s Intelligent Customer Experience (CX) Platform includes inbound and outbound communications, digital engagement, workforce optimization, analytics, workflow automation and customer relationship management integrations.