Royce & Associates LP Reduces Five9 Stock Holdings

Institutional investor sells nearly 94,000 shares of cloud-based contact center software company

Published on Mar. 5, 2026

Royce & Associates LP, an investment management firm, has reduced its stake in Five9, Inc. (NASDAQ:FIVN) by 26.6% during the third quarter. The firm now owns 258,450 shares of the software maker's stock, down from 352,350 shares previously.

Why it matters

Five9 is a leading provider of cloud-based contact center software, an industry that has seen significant growth in recent years as companies shift customer service operations to digital platforms. Royce & Associates' decision to trim its position in Five9 could signal a shift in investor sentiment around the stock.

The details

According to a recent SEC filing, Royce & Associates sold 93,900 shares of Five9 stock during the third quarter. The firm now owns approximately 0.33% of Five9, worth an estimated $6.25 million. The move comes as Five9's stock price has declined in recent months, falling from a 52-week high of $34.82 to around $18 per share.

  • Royce & Associates reduced its Five9 holdings during the third quarter of 2025.

The players

Royce & Associates LP

An investment management firm that has reduced its stake in Five9, Inc.

Five9, Inc.

A leading provider of cloud-based contact center software.

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The takeaway

Royce & Associates' decision to trim its position in Five9 could signal broader concerns about the company's stock performance and the overall outlook for the cloud-based contact center software industry. Investors will be closely watching to see if other institutional investors follow suit or if Five9 can regain investor confidence.