Principal Financial Group Inc. Makes New $4.01 Million Investment in Five9, Inc. $FIVN

Principal Financial Group Inc. acquired a new stake in Five9, Inc. (NASDAQ:FIVN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 165,482 shares of the software maker’s stock, valued at approximately $4,005,000. Principal Financial Group Inc. owned 0.21% of Five9 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in Five9 by 36.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,630 shares of the software maker’s stock worth $39,000 after acquiring an additional 435 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Five9 by 0.8% in 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 purchasing an additional 549 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Five9 by 81.7% during the 3rd quarter. Global Retirement Partners LLC now owns 1,228 shares of the software maker’s stock worth $30,000 after purchasing an additional 552 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of Five9 by 9.4% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 9,300 shares of the software maker’s stock worth $225,000 after purchasing an additional 800 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in Five9 by 1.0% in the second quarter. Hsbc Holdings PLC now owns 98,629 shares of the software maker’s stock valued at $2,632,000 after buying an additional 1,024 shares during the last quarter. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Five9 Trading Up 1.1%

Shares of Five9 stock opened at $16.75 on Monday. Five9, Inc. has a 1 year low of $15.70 and a 1 year high of $49.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.61 and a current ratio of 4.61. The company has a market capitalization of $1.31 billion, a P/E ratio of 46.53, a PEG ratio of 0.85 and a beta of 1.32. The company’s fifty day moving average is $19.06 and its two-hundred day moving average is $21.97.

Five9 announced that its Board of Directors has approved a share buyback plan on Tuesday, November 11th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the software maker to reacquire up to 3.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Five9

In related news, insider Tiffany N. Meriweather sold 6,852 shares of Five9 stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $20.35, for a total value of $139,438.20. Following the transaction, the insider directly owned 212,126 shares in the company, valued at $4,316,764.10. This trade represents a 3.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Burkland sold 17,992 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $20.35, for a total transaction of $366,137.20. Following the transaction, the chief executive officer owned 349,570 shares of the company’s stock, valued at approximately $7,113,749.50. The trade was a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,339 shares of company stock worth $1,330,186 in the last ninety days. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on Five9 from $30.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Five9 in a research note on Thursday, December 18th. Piper Sandler cut shares of Five9 from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $26.00 to $21.00 in a report on Monday, January 5th. Zacks Research cut shares of Five9 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, DA Davidson set a $24.00 price target on shares of Five9 in a research note on Thursday, December 18th. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and a consensus target price of $32.07.

Five9 Company 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.