Five9 (NASDAQ:FIVN) Sees Unusually-High Trading Volume – Should You Buy?

Five9, Inc. (NASDAQ:FIVN) shares saw unusually-high trading volume on Wednesday . Approximately 4,799,388 shares changed hands during mid-day trading, an increase of 216% from the previous session’s volume of 1,520,032 shares.The stock last traded at $40.71 and had previously closed at $39.27.

Analyst Upgrades and Downgrades

FIVN has been the topic of several recent analyst reports. 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 report on Friday, November 8th. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Truist Financial reiterated a “buy” rating and set a $65.00 target price on shares of Five9 in a report on Tuesday, August 27th. Rosenblatt Securities increased their target price on shares of Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $48.00 target price on shares of Five9 in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and an average target price of $59.22.

Five9 Price Performance

The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $3.03 billion, a PE ratio of -80.70, a P/E/G ratio of 26.52 and a beta of 0.85. The company’s 50-day simple moving average is $29.78 and its 200-day simple moving average is $38.81.

Insiders Place Their Bets

In other news, CAO Leena Mansharamani sold 1,395 shares of Five9 stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total value of $42,561.45. Following the sale, the chief accounting officer now owns 36,872 shares of the company’s stock, valued at $1,124,964.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Leena Mansharamani sold 1,395 shares of Five9 stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total value of $42,561.45. Following the sale, the chief accounting officer now owns 36,872 shares of the company’s stock, valued at $1,124,964.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Daniel P. Burkland sold 2,605 shares of Five9 stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $33.41, for a total transaction of $87,033.05. Following the completion of the sale, the executive now directly owns 132,554 shares in the company, valued at approximately $4,428,629.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,493 shares of company stock valued at $1,097,753. Insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

A number of institutional investors have recently added to or reduced their stakes in the stock. Quent Capital LLC boosted its holdings in Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after buying an additional 352 shares in the last quarter. BOKF NA lifted its holdings in shares of Five9 by 1.7% in the first quarter. BOKF NA now owns 39,846 shares of the software maker’s stock valued at $2,445,000 after purchasing an additional 657 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Five9 by 0.8% in the second quarter. Rhumbline Advisers now owns 86,000 shares of the software maker’s stock valued at $3,793,000 after purchasing an additional 673 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Five9 by 1.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 76,495 shares of the software maker’s stock valued at $4,751,000 after purchasing an additional 745 shares in the last quarter. Finally, Signaturefd LLC lifted 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 in the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Company Profile

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.