Five9, Inc. (NASDAQ:FIVN) Sees Large Decrease in Short Interest

Five9, Inc. (NASDAQ:FIVN) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 5,800,000 shares, a decrease of 6.8% from the November 30th total of 6,220,000 shares. Based on an average trading volume of 1,640,000 shares, the short-interest ratio is currently 3.5 days.

Analysts Set New Price Targets

FIVN has been the subject of a number of analyst reports. Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $55.00 to $40.00 in a research report on Tuesday, November 12th. Rosenblatt Securities raised their price target on shares of Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Piper Sandler upped their price objective on shares of Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. DA Davidson boosted their target price on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC increased their price target on Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.18.

Five9 Price Performance

Five9 stock opened at $40.64 on Thursday. The firm has a market capitalization of $3.06 billion, a P/E ratio of -81.28, a PEG ratio of 28.88 and a beta of 0.92. Five9 has a one year low of $26.60 and a one year high of $81.24. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The business has a fifty day moving average price of $38.65 and a 200-day moving average price of $36.57.

Insider Buying and Selling at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,346 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total value of $55,630.18. Following the transaction, the chief accounting officer now directly owns 35,526 shares of the company’s stock, valued at approximately $1,468,289.58. This trade represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total transaction of $320,683.71. Following the sale, the executive vice president now directly owns 69,009 shares of the company’s stock, valued at approximately $2,904,588.81. The trade was a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,004 shares of company stock valued at $1,209,279. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FIVN. Sylebra Capital LLC boosted its position in shares of Five9 by 28.4% in the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after acquiring an additional 666,681 shares during the period. Point72 Asset Management L.P. boosted its holdings in Five9 by 347.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock valued at $33,213,000 after purchasing an additional 584,800 shares during the period. Potrero Capital Research LLC bought a new position in shares of Five9 in the third quarter worth $15,610,000. Van Berkom & Associates Inc. raised its position in shares of Five9 by 52.3% in the second quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after buying an additional 446,151 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Five9 by 38.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock valued at $64,257,000 after buying an additional 406,188 shares during the period. Hedge funds and other institutional investors own 96.64% of the company’s stock.

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.