3 Stocks to Buy According to Eduardo Costa’s Calixto Global Investors

2. Five9, Inc. (NASDAQ:FIVN)

Calixto Global Investors’ Stake Value: $28,476,000
Percentage of Calixto Global Investors’ Portfolio: 19.01%
Number of Hedge Fund Holders: 52

Five9, Inc. (NASDAQ:FIVN) provides cloud-based software for contact centers both locally and internationally via its subsidiaries. Panayotis Takis Sparaggis’ Alkeon Capital Management held a significant position in Five9, Inc. (NASDAQ:FIVN), with 2.01 million shares worth $222.39 million.

Eduardo Costa’s Calixto Global Investors boosted its Five9, Inc. (NASDAQ:FIVN) stake by 42% in Q1 2022, holding about 257,934 shares worth $28.48 million, representing 19.01% of the total 13F portfolio. Five9, Inc. (NASDAQ:FIVN) has featured on the hedge fund’s portfolio since the second quarter of 2020.

Five9, Inc. (NASDAQ:FIVN) has recently experienced a decrease in hedge fund interest. Five9, Inc. (NASDAQ:FIVN) was in 52 hedge fund portfolios at the end of the first quarter of 2022, while there were 56 hedge funds in our database with Five9, Inc. (NASDAQ:FIVN) positions at the end of the previous quarter.