5 Mid-Cap Stocks Hedge Funds Are Talking About

In this article, we present the list of 5 mid-cap stocks hedge funds are talking about. If you want to read hedge funds’ comprehensive analysis of five other compelling mid-cap companies, go directly to 10 Mid-Cap Stocks Hedge Funds Are Talking About.

5. Five9, Inc. (NASDAQ:FIVN)

Market Cap as of March 11, 2022: $6.0 billion

Number of Hedge Fund Holders: 56

ClearBridge Investments, an investment management firm, published its “Mid Cap Growth Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. During the first quarter, the ClearBridge Mid Cap Growth Strategy outperformed the benchmark Russell Midcap Growth Index. You can view the fund’s top 5 holdings to have a peek at their top bets for 2022.

ClearBridge Investments, in its Q1 2021 investor letter, mentioned Five9, Inc. (NASDAQ:FIVN), and shared its insights on the company. Five9, Inc. (NASDAQ:FIVN) is a San Ramon, California-based software company that currently has a $6.0 billion market capitalization. Since the beginning of the year, Five9, Inc. (NASDAQ:FIVN) shares have lost 36.37%, while its 12-month losses are 48.12%. As of March 11, 2022, the stock closed at $87.38 per share.

Here is what ClearBridge Investments had to say about Five9, Inc. in its Q1 2021 investor letter:

“Five9, Inc. (NASDAQ:FIVN) is a cloud-based contact center as a service software provider that is replacing aging on-premise legacy solutions that dominate the installed base. Companies are being forced to modernize and cloud penetration is still low; Five9, Inc. (NASDAQ:FIVN) is positioned to benefit and should see further growth driven by its cross-selling add-on modules and an AI product that generates high revenue.”