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

Five9, Inc. (NASDAQ:FIVN - Get Free Report) saw a large increase in short interest during 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 daily trading volume, of 1,780,000 shares, the short-interest ratio is currently 4.8 days.

Wall Street Analysts Forecast Growth

FIVN has been the topic of a number of recent research reports. Needham & Company LLC restated a "buy" rating and issued a $48.00 price target on shares of Five9 in a research report on Friday, November 8th. Robert W. Baird raised their price target on Five9 from $40.00 to $43.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. Wells Fargo & Company downgraded shares of Five9 from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $55.00 to $40.00 in a report on Tuesday. Truist Financial reiterated a "buy" rating and issued a $65.00 price objective on shares of Five9 in a research report on Tuesday, August 27th. Finally, Piper Sandler upped their target price 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 investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Five9 currently has an average rating of "Moderate Buy" and a consensus target price of $59.22.

Five9 Trading Down 2.3 %

FIVN traded down $0.89 during trading on Friday, reaching $38.07. The company had a trading volume of 2,222,689 shares, compared to its average volume of 1,533,101. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9 has a 12-month low of $26.60 and a 12-month high of $92.40. The company has a market cap of $2.86 billion, a price-to-earnings ratio of -76.14, a PEG ratio of 26.49 and a beta of 0.85. The firm's 50-day simple moving average is $30.36 and its 200 day simple moving average is $38.68.

Insider Buying and Selling at Five9

In related news, EVP Panos Kozanian sold 7,617 shares of the company's stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value of $228,662.34. Following the sale, the executive vice president now directly owns 76,628 shares of the company's stock, valued at $2,300,372.56. This represents a 9.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Daniel P. Burkland sold 2,605 shares of the business's stock in a transaction dated Monday, August 26th. The stock was 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 of the company's stock, valued at $4,428,629.14. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,493 shares of company stock valued at $1,097,753 in the last ninety days. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Five9

Several hedge funds have recently made changes to their positions in FIVN. Quent Capital LLC lifted its stake in Five9 by 8.7% in the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker's stock worth $193,000 after acquiring an additional 352 shares in the last quarter. BOKF NA lifted its position in shares of Five9 by 1.7% in the first quarter. BOKF NA now owns 39,846 shares of the software maker's stock worth $2,445,000 after purchasing an additional 657 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Five9 by 0.8% during the second quarter. Rhumbline Advisers now owns 86,000 shares of the software maker's stock worth $3,793,000 after purchasing an additional 673 shares during the period. State Board of Administration of Florida Retirement System grew its position in Five9 by 1.0% during 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 increased its stake in Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker's stock valued at $30,000 after buying an additional 984 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.