Five9, Inc. $FIVN Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

Posted by Brenda Bartman on Nov 9th, 2026

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in Five9, Inc. (NASDAQ:FIVN – Free Report) by 82.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,100 shares of the software maker’s stock after selling 27,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Five9 were worth $207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FIVN. NewEdge Advisors LLC boosted its holdings in Five9 by 14.5% during the second quarter. NewEdge Advisors LLC now owns 2,894 shares of the software maker’s stock worth $62,000 after buying an additional 366 shares in the last quarter. GAMMA Investing LLC increased its holdings in Five9 by 42.7% in the third quarter. GAMMA Investing LLC now owns 1,477 shares of the software maker’s stock valued at $50,000 after buying an additional 442 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Five9 by 14.2% in the third quarter. Farther Finance Advisors LLC now owns 4,019 shares of the software maker’s stock valued at $137,000 after buying an additional 501 shares in the last quarter. Choreo LLC increased its holdings in Five9 by 2.4% in the third quarter. Choreo LLC now owns 22,659 shares of the software maker’s stock valued at $771,000 after buying an additional 521 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of Five9 during the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Key Stories Impacting Five9

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

Insider Buying and Selling

In other Five9 news, CFO Bryan Lee sold 1,310 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $32.60, for a total transaction of $42,706.00. Following the sale, the chief financial officer owned 289,333 shares in the company, valued at approximately $9,432,255.80. This represents a 0.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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. Also, insider Tiffany Meriweather sold 5,114 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $31.55, for a total value of $161,346.70. Following the transaction, the insider directly owned 253,249 shares of the company’s stock, valued at $7,990,005.95. The trade was a 1.98% 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. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on FIVN. Wall Street Zen lowered Five9 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Evercore cut Five9 from an “outperform” rating to an “in-line” rating and set a $24.00 price target on the stock. in a report on Friday. Barclays dropped their price objective on Five9 from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday. UBS Group lifted 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. Finally, Truist Financial decreased their target price on Five9 from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Five9 presently has an average rating of “Moderate Buy” and a consensus target price of $33.94.

Check Out Our Latest Stock Analysis on Five9

Five9 Stock Performance

NASDAQ:FIVN opened at $28.12 on Monday. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $2.15 billion, a P/E ratio of 41.97 and a beta of 1.56. The firm has a 50-day moving average price of $34.54 and a two-hundred day moving average price of $24.49. Five9, Inc. has a twelve month low of $13.29 and a twelve month high of $40.00.

Five9 (NASDAQ:FIVN – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The software maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.02. The company had revenue of $323.30 million for the quarter, compared to the consensus estimate of $319.04 million. Five9 had a net margin of 4.51% and a return on equity of 12.85%. The company’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 firm earned $0.78 earnings per share. As a group, research analysts expect that Five9, Inc. will post 1.55 earnings per share for the current fiscal year.

Five9 Company Profile

(Free Report)

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.