Five9 Appoints New CTO and Chief Sales Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 29 2026
0mins
Five9 (FIVN) announced the appointments of Niranjan Vijayaragavan as Five9's new Chief Technology Officer, Rob Hornish as its new Chief Sales Officer, and Sven Linsmaier as Executive Vice President, Transformation and Strategy, effective June 29. Vijayaragavan served recently as Chief Product and Technology Officer at Nintex. Hornish most recently served as Chief Sales Officer at Redaptive. Linsmaier most recently served as VP of Business Finance and Operations at Workday (WDAY).
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Analyst Views on FIVN
Wall Street analysts forecast FIVN stock price to rise
20 Analyst Rating
15 Buy
5 Hold
0 Sell
Strong Buy
Current: 24.100
Low
25.00
Averages
35.50
High
59.00
Current: 24.100
Low
25.00
Averages
35.50
High
59.00
About FIVN
Five9, Inc. helps organizations to create hyper-personalized and artificial intelligence (AI)-driven customer experiences. The Company's Intelligent CX Platform, powered by Five9 Genius AI, delivers a suite of applications that enable a range of customer service, sales, and marketing functions. It delivers an end-to-end cloud software solution for contact centers. The Company's solution allows simultaneous management and optimization of customer interactions across voice, chat, email, Web, social media and mobile channels, either directly or through its application programming interfaces. The Company's product categories include Core Cloud, AI & Automation, Employee Engagement and Customer Engagement. Its Core Cloud products include Global Voice, Agent Desktop Plus, Supervisor Plus, CRM Integrations and UC Integrations. Its AI & Automation products include Artificial Intelligence, AI Agents, AI Insights, AI Knowledge, GenAI Studio, Workflow Automation and Reporting & Analytics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Reversal Signal: Investors are rotating out of high-flying semiconductor stocks into undervalued software stocks, with the iShares Software ETF (IGV) climbing approximately 7% over eight sessions while the semiconductor SOXX fell about 8.5%, indicating a significant shift in market sentiment.
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See More
Halper Sadeh LLC Investigates Five9 Executives' Fiduciary Duties
- Shareholder Rights Protection: Halper Sadeh LLC encourages Five9 shareholders to contact the firm to discuss their rights and options, emphasizing the importance of timely action to protect shareholder interests.
- Legal Fee Arrangement: The law firm operates on a contingency fee basis, meaning shareholders are not responsible for upfront legal fees or expenses, thereby reducing financial risk for shareholders.
- Corporate Governance Reforms: Long-term shareholders of Five9 may seek corporate governance reforms, fund returns, or court-approved financial incentive awards, aimed at enhancing company transparency and accountability.
- Investor Advocacy: Halper Sadeh LLC represents investors globally, focusing on combating securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered millions for defrauded investors, showcasing their expertise in protecting investor rights.
See More
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- Fiduciary Duty Investigation: Kuehn Law, PLLC is investigating whether executives at Five9, Inc. breached their fiduciary duties to shareholders, with allegations that the company failed to disclose poor new business performance impacted by macroeconomic factors.
- False Performance Claims: According to a federal securities lawsuit, Five9 insiders are accused of deliberately concealing that the company's growth was not strong, misleading investors regarding the company's performance expectations amid constrained customer budgets.
- Sales Execution Issues: The lawsuit highlights that Five9 faced a challenging bookings quarter due to sales execution and efficiency problems, which further undermined shareholder confidence and investment decisions.
- Insufficient Customer Information: Executives are alleged to have failed to provide adequate information to support claims of a positive inflection in customer retention rates, rendering such statements baseless and potentially causing shareholder losses.
See More
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- Investigation Launched: Kuehn Law, PLLC is investigating whether executives at Five9, Inc. breached their fiduciary duties to shareholders, with allegations that could impact the company's reputation and shareholder confidence.
- Performance Misrepresentation: According to a federal securities lawsuit, insiders at Five9 allegedly failed to disclose that the company's new business performance was weak, hampered by macroeconomic factors, which could undermine shareholder expectations for the company's future.
- Sales Execution Challenges: The lawsuit highlights that Five9 faced a challenging bookings quarter due to sales execution and efficiency issues, with insiders admitting they did not see strong bookings momentum, potentially affecting revenue growth.
- Insufficient Customer Insights: Insiders lacked adequate information about existing customers, leading to a lack of reasonable basis for the company's positive outlook on its dollar-based retention rate, which may erode investor confidence in the company's future performance.
See More
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- Executive Appointments: Five9 has appointed Niranjan Vijayaragavan as Chief Technology Officer, Rob Hornish as Chief Sales Officer, and Sven Linsmaier as Executive Vice President of Transformation and Strategy, aiming to enhance the company's execution in its AI-driven customer experience strategy.
- Technical Leadership: Niranjan, previously Chief Product and Technology Officer at Nintex, successfully led AI enterprise automation transformation, and is expected to accelerate execution efficiency across Five9's product lifecycle, enhancing customer value.
- Sales Transformation: Rob Hornish, with over 30 years of sales experience and a track record at Redaptive, is anticipated to drive revenue growth and market share expansion through disciplined, customer-first execution strategies at Five9.
- Strategic Development: Sven Linsmaier's experience at Workday will aid Five9 in formulating enterprise strategy and driving high-priority initiatives, ensuring rapid growth and operational efficiency in the AI sector.
See More
Five9 Chief Legal Officer Sells Shares Amid Market Concerns
- Executive Stock Sale: Five9's Chief Legal Officer Tiffany Meriweather sold 9,526 shares on June 4, 2026, for approximately $236,000, representing 3.4% of her direct holdings, which has drawn market attention amid a challenging year.
- Transaction Context: This sale was executed to meet tax withholding obligations related to the vesting of restricted stock units, and despite a year marked by a decline in Five9's share price due to investor fears of AI disrupting its business, the transaction did not raise significant investor concern.
- Financial Performance Review: Five9 reported a 9% year-over-year revenue increase to $305.3 million in the first quarter, with net income rising to $18.4 million from $0.6 million last year, indicating strong cost management and operational efficiency.
- Market Outlook: Although Five9's stock has experienced volatility over the past year, its competitive position in the cloud contact center solutions market remains robust, with potential for enhanced customer experience and market share through ongoing digital transformation strategies.
See More
