Five9 (NASDAQ:FIVN) Trading 6.5% Higher – What’s Next?

Five9, Inc. (NASDAQ:FIVN)’s share price was up 6.5% on Tuesday . The company traded as high as $39.52 and last traded at $39.83. Approximately 253,383 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 914,640 shares. The stock had previously closed at $37.39.

Wall Street Analyst Weigh In

Several research firms have issued reports on FIVN. DA Davidson upped their price objective on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price target on shares of Five9 in a report on Tuesday. Piper Sandler boosted their price objective on Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. Finally, Cantor Fitzgerald initiated coverage on shares of Five9 in a research note on Friday. They issued an “overweight” rating and a $46.00 price objective on the stock. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Five9 currently has an average rating of “Moderate Buy” and a consensus price target of $57.50.

Five9 Price Performance

The business’s 50-day simple moving average is $40.44 and its two-hundred day simple moving average is $36.25. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of -78.24, a price-to-earnings-growth ratio of 8.53 and a beta of 0.92. 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 Buying and Selling

In related news, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total value of $320,683.71. Following the transaction, the executive vice president now directly owns 69,009 shares of the company’s stock, valued at $2,904,588.81. The trade was a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Leena Mansharamani sold 1,346 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total transaction of $55,630.18. Following the sale, the chief accounting officer now directly owns 35,526 shares of the company’s stock, valued at $1,468,289.58. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock worth $1,209,279 in the last 90 days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

A number of institutional investors have recently modified their holdings of FIVN. Dimensional Fund Advisors LP boosted its position in Five9 by 24.8% during the second quarter. Dimensional Fund Advisors LP now owns 363,558 shares of the software maker’s stock valued at $16,031,000 after acquiring an additional 72,204 shares during the last quarter. Hsbc Holdings PLC grew its stake in Five9 by 289.6% during the second quarter. Hsbc Holdings PLC now owns 109,807 shares of the software maker’s stock worth $4,806,000 after purchasing an additional 81,626 shares during the period. Sei Investments Co. grew its stake in Five9 by 17.1% during the second quarter. Sei Investments Co. now owns 225,155 shares of the software maker’s stock worth $9,929,000 after purchasing an additional 32,946 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Five9 by 65.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 40,374 shares of the software maker’s stock worth $1,780,000 after purchasing an additional 15,973 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in Five9 by 110.4% in the second quarter. ProShare Advisors LLC now owns 8,382 shares of the software maker’s stock valued at $370,000 after buying an additional 4,399 shares during the period. 96.64% of the stock is owned by institutional investors.

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.