Five9, Inc. (NASDAQ:FIVN) Short Interest Up 16.4% in October

Five9, Inc. (NASDAQ:FIVN) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 8,570,000 shares, an increase of 16.4% from the October 15th total of 7,360,000 shares. Based on an average trading volume of 1,780,000 shares, the short-interest ratio is presently 4.8 days.

Wall Street Analysts Forecast Growth

FIVN has been the topic of several analyst reports. Rosenblatt Securities increased their price objective on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Roth Mkm decreased their price objective on Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Morgan Stanley lowered their price objective on Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Piper Sandler raised their target price on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, Bank of America upgraded shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price target for the company in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.22.

Five9 Stock Performance

Shares of Five9 stock opened at $38.07 on Monday. The firm’s fifty day simple moving average is $30.36 and its 200-day simple moving average is $38.54. Five9 has a 12 month low of $26.60 and a 12 month high of $92.40. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of -76.14, a PEG ratio of 22.98 and a beta of 0.85. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Insider Transactions at Five9

In other news, CRO Daniel P. Burkland sold 2,605 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $33.41, for a total value of $87,033.05. Following the transaction, the executive now directly owns 132,554 shares in the company, valued at approximately $4,428,629.14. This represents a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Barry Zwarenstein sold 4,408 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total value of $118,883.76. Following the transaction, the chief financial officer now owns 101,732 shares in the company, valued at $2,743,712.04. This trade represents a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,493 shares of company stock worth $1,097,753 in the last quarter. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Signaturefd LLC increased its holdings in shares of Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Five9 in the 2nd quarter valued at $57,000. Quest Partners LLC purchased a new position in Five9 during the 3rd quarter worth $95,000. Cetera Advisors LLC acquired a new stake in shares of Five9 in the 1st quarter worth $226,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Five9 in the first quarter valued at about $247,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.