Short Interest in Five9, Inc. (NASDAQ:FIVN) Rises By 16.4%

Five9, Inc. (NASDAQ:FIVN) was the target of 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 trading volume of 1,780,000 shares, the days-to-cover ratio is currently 4.8 days.

Five9 Trading Down 2.3 %

Shares of FIVN stock opened at $38.07 on Friday. Five9 has a 1-year low of $26.60 and a 1-year high of $92.40. 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’s fifty day moving average price is $30.18 and its 200 day moving average price is $38.82. The firm has a market capitalization of $2.86 billion, a PE ratio of -76.14, a P/E/G ratio of 26.49 and a beta of 0.85.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FIVN. Rosenblatt Securities boosted their target price on Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 8th. Robert W. Baird boosted their price objective on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. DA Davidson raised their target price on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Piper Sandler upped their price target on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, Roth Mkm lowered their price objective on shares of Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.22.

Insider Activity

In other Five9 news, EVP Panos Kozanian sold 7,617 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 76,628 shares in the company, valued at $2,300,372.56. This represents a 9.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the sale, the chief financial officer now owns 101,732 shares of the company’s stock, valued at $2,743,712.04. This represents a 4.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,493 shares of company stock worth $1,097,753. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five9

A number of large investors have recently made changes to their positions in FIVN. FMR LLC grew its position in Five9 by 2.4% during the third quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock worth $320,620,000 after buying an additional 259,820 shares during the period. Vanguard Group Inc. boosted its position in shares of Five9 by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock worth $461,948,000 after buying an additional 150,786 shares in the last quarter. Sylebra Capital LLC lifted its holdings 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 purchasing an additional 666,681 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Five9 by 14.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock valued at $47,919,000 after purchasing an additional 210,836 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its stake in shares of Five9 by 52.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after purchasing an additional 446,151 shares in the last quarter. 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.