Taking a look at what insiders are doing to gauge the Five9 Inc. (FIVN)’s direction

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Five9 Inc. shares valued at $74,411 were sold by Mansharamani Leena on Sep 06. At $90.74 per share, Mansharamani Leena sold 820 shares. The insider’s holdings dropped to 14,752 shares worth approximately $1.14 million following the completion of this transaction.

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Also, Kozanian Panos sold 2,161 shares, netting a total of over 195,467 in proceeds. Following the sale of shares at $90.45 each, the insider now holds 48,509 shares.

Before that, Burkland Daniel P. had sold 4,414 shares from its account. In a trade valued at $395,627, the Pres. & Chief Revenue Officer traded Five9 Inc. shares for $89.63 each. Upon closing the transaction, the insider’s holdings decreased to 4,414 shares, worth approximately $9.37 million.

As published in their initiating research note from MoffettNathanson on September 22, 2022, Five9 Inc. [FIVN] has been a Hold and the price target has been revised to $103. This represents a 24.67% premium over Thursday’s closing price. Analysts at KeyBanc Capital Markets started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid September. As of August 15, 2022, Deutsche Bank has initiated its “Hold” rating for FIVN. Earlier on August 04, 2022, MKM Partners initiated its rating. Their recommendation was “a Buy” for FIVN stock.

Analyzing FIVN’s Price Performance

On Thursday, Five9 Inc. [NASDAQ: FIVN] plunged -2.64% to $77.59. The stock’s lowest price that day was $76.58, but it reached a high of $79.31 in the same session. During the last five days, there has been a drop of approximately -9.12%. Over the course of the year, Five9 Inc. shares have dropped approximately -43.50%. Shares of the company reached a 52-week high of $144.24 on 01/06/22 and a 52-week low of $76.58 on 09/22/22. A 50-day SMA is recorded $99.86, while a 200-day SMA reached $108.52. Nevertheless, trading volume fell to 1.18 million shares from 0.74 million shares the previous day.

Support And Resistance Levels for Five9 Inc. (FIVN)

According to the 24-hour chart, there is a support level at 76.34, which, if violated, would cause prices to drop to 75.10. In the upper region, resistance lies at 79.07. The next price resistance is at 80.56. RSI (Relative Strength Index) is 24.77 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.40, which suggests the price will decrease in the coming days. Percent R is at 95.20%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Five9 Inc. subject to short interest?

Stocks of Five9 Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.13 million shares to 4.81 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.94 million shares. A decline of -2.7% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.39 of the overall float, the days-to-cover ratio (short ratio) decline to 6.39.

Which companies own the most shares of Five9 Inc. (FIVN)?

According to The Vanguard Group, Inc. filings, the company currently owns 6,369,552 shares, which is about 9.09% of the total FIVN shares outstanding. The investor’s shares have appreciated by 217,482 from its previous 13-F filing of 6152070.0 shares. With the completion of the buy transaction, Wellington Management Co. LLP’s stake is now worth $439,612,171. Wasatch Advisors, Inc. acquire a 53.89% interest valued at $330.65 million while BlackRock Fund Advisors purchased a 1,815 stake. A total of -454,890 shares of Five9 Inc. were bought by Pictet Asset Management SA during the quarter, and -187,448 were sold by T. Rowe Price Associates, Inc.. In its current portfolio, Fidelity Management & Research Co holds 1,805,714 shares valued at $177.16 million.

In terms of Five9 Inc. share price expectations, FactSet research, analysts set an average price target of $133.54 in the next 12 months, up nearly 63.13% from the previous closing price of $79.69. Analysts anticipate Five9 Inc. stock to reach $175.00 by 2022, with the lowest price target being $90.00. In spite of this, 23 analysts ranked Five9 Inc. stock as a Buy at the end of 2022. On May 18, 2022, ROTH Capital assigned a price target of “a Buy” to the stock and resumed coverage with a $129.


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