Pictet Asset Management Holding SA Sells 5,395,881 Shares of Five9, Inc. $FIVN

Pictet Asset Management Holding SA lessened its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 89.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 609,303 shares of the software maker’s stock after selling 5,395,881 shares during the period. Pictet Asset Management Holding SA’s holdings in Five9 were worth $9,241,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. California State Teachers Retirement System increased its holdings in Five9 by 0.8% in the second quarter. California State Teachers Retirement System now owns 69,189 shares of the software maker’s stock valued at $1,832,000 after purchasing an additional 549 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in Five9 by 7.3% during the 4th quarter. Citizens Financial Group Inc. RI now owns 11,358 shares of the software maker’s stock worth $228,000 after buying an additional 776 shares during the period. Franklin Resources Inc. lifted its holdings in Five9 by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 56,303 shares of the software maker’s stock worth $1,129,000 after buying an additional 807 shares during the period. Quarry LP bought a new stake in shares of Five9 in the 3rd quarter valued at about $33,000. Finally, Advisory Services Network LLC bought a new stake in shares of Five9 in the 3rd quarter valued at about $38,000. Institutional investors own 96.64% of the company’s stock.

Insider Activity at Five9

In other Five9 news, insider Tiffany N. Meriweather sold 21,320 shares of Five9 stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $20.98, for a total value of $447,293.60. Following the completion of the sale, the insider directly owned 281,298 shares of the company’s stock, valued at approximately $5,901,632.04. The trade was a 7.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Bryan M. Lee sold 16,620 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $24.81, for a total transaction of $412,342.20. Following the transaction, the chief financial officer owned 311,462 shares in the company, valued at $7,727,372.22. This represents a 5.07% 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 85,820 shares of company stock worth $2,014,057 over the last ninety days. 1.20% of the stock is owned by corporate insiders.

Five9 Stock Performance

Shares of FIVN stock opened at $23.44 on Friday. The company has a market cap of $1.79 billion, a P/E ratio of 35.52, a PEG ratio of 1.04 and a beta of 1.46. The stock has a 50 day simple moving average of $21.27 and a two-hundred day simple moving average of $18.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.51 and a current ratio of 4.51. Five9, Inc. has a fifty-two week low of $13.29 and a fifty-two week high of $29.71.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, April 30th. The software maker reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $305.32 million for the quarter, compared to analysts’ expectations of $299.92 million. Five9 had a return on equity of 12.66% and a net margin of 4.87%.The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 EPS. Five9 has set its FY 2026 guidance at 3.220-3.300 EPS and its Q2 2026 guidance at 0.650-0.690 EPS. Research analysts forecast that Five9, Inc. will post 1.39 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FIVN shares. Piper Sandler restated a “neutral” rating and set a $24.00 price objective (up from $21.00) on shares of Five9 in a research report on Friday, May 1st. Zacks Research upgraded Five9 from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Rosenblatt Securities reissued a “buy” rating and set a $29.00 target price on shares of Five9 in a research report on Wednesday, June 24th. DA Davidson raised their price target on shares of Five9 from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Jefferies Financial Group restated a “hold” rating on shares of Five9 in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Five9 has a consensus rating of “Moderate Buy” and a consensus target price of $25.93.

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.