SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 12.1% Stake in Five9 Inc.
Beneficial Ownership Report
FMR LLC and its affiliates, along with Abigail P. Johnson, have reported a beneficial ownership of 12.1% of Five9 Inc.'s common stock as of December 31, 2024, according to a recent Schedule 13G Amendment No. 4 filing.
Summary
- FMR LLC and Abigail P. Johnson, its Chairman and CEO, collectively reported beneficial ownership of 9,102,832.37 shares of Five9 Inc. common stock.
- This aggregate ownership represents 12.1% of Five9 Inc.'s outstanding common stock.
- FMR LLC holds sole voting power over 9,088,023.19 shares and sole dispositive power over 9,102,832.37 shares.
- Abigail P. Johnson holds sole dispositive power over 9,102,832.37 shares, with no sole or shared voting power directly.
- The shares are held in the ordinary course of business and were not acquired or held for the purpose of changing or influencing the control of Five9 Inc.
- Several FMR LLC subsidiaries, including FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or more of the outstanding shares.
Sentiment
Score: 7
Explanation: The filing indicates a substantial and stable institutional ownership by FMR LLC, a reputable investment firm, which is generally a positive signal for the company's stability and investor confidence. The shares are held in the ordinary course of business, not for control purposes.
Positives
- Significant institutional ownership by FMR LLC, a major investment management firm, which can signal confidence in Five9 Inc.'s business and prospects.
- The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control, suggesting a stable, non-activist investment approach.
Industry Context
This filing reflects a significant ownership stake by a major financial institution in Five9 Inc., a company operating in the cloud contact center software industry. Such institutional holdings are common for established technology companies and indicate investor interest in the sector's growth potential and the broader digital transformation trend.
Stakeholder Impact
- Shareholders: The significant stake held by FMR LLC may provide a degree of stability and confidence, as a large institutional investor is committed to the company.
- Management: The filing explicitly states the shares are not held for the purpose of changing or influencing control, which suggests a non-activist investment approach, allowing current management to continue their strategy without immediate pressure from this specific shareholder.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where the Power of Attorney (accession number: -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number: -23-000038) was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (ownership snapshot date). |
| 2025-02-11 | Date of signing of the Schedule 13G Amendment No. 4. |
Keywords
Five9 Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Fidelity
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