Five9, Inc. (NASDAQ:FIVN) Short Interest Down 6.8% in December

Five9, Inc. (NASDAQ:FIVNGet Free Report) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 5,800,000 shares, a drop 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 days-to-cover ratio is presently 3.5 days.

Analyst Ratings Changes

FIVN has been the subject of a number of analyst reports. DA Davidson lifted their target price on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Rosenblatt Securities boosted their target price on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Truist Financial restated a “buy” rating and set a $65.00 price objective on shares of Five9 in a report on Tuesday, December 17th. Needham & Company LLC increased their target price on shares of Five9 from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Piper Sandler lifted their price target 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. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.18.

Read Our Latest Research Report on FIVN

Insider Buying and Selling at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,346 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the completion of the sale, the chief accounting officer now directly owns 35,526 shares of the company’s stock, valued at approximately $1,468,289.58. The trade was a 3.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,594 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total transaction of $521,391.60. Following the completion of the transaction, the chief executive officer now directly owns 240,894 shares in the company, valued at $9,973,011.60. This trade represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,004 shares of company stock worth $1,209,279. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Five9

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIVN. Signaturefd LLC increased its position in shares of Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Five9 during the second quarter worth $57,000. Quest Partners LLC acquired a new position in Five9 during the third quarter worth $95,000. nVerses Capital LLC bought a new stake in Five9 during the third quarter worth $141,000. Finally, Sanctuary Advisors LLC acquired a new stake in Five9 in the third quarter valued at $145,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Price Performance

NASDAQ FIVN opened at $40.72 on Tuesday. The firm’s 50 day moving average is $38.23 and its 200-day moving average is $36.55. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $3.06 billion, a PE ratio of -81.44, a price-to-earnings-growth ratio of 28.88 and a beta of 0.92. Five9 has a 12-month low of $26.60 and a 12-month high of $81.24.

Five9 Company Profile

(Get Free Report)

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.

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