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 $196,675 were sold by Alexy Kimberly on Oct 04. At $78.67 per share, Alexy Kimberly sold 2,500 shares. The insider’s holdings dropped to 11,117 shares worth approximately $0.59 million following the completion of this transaction.
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Also, Mansharamani Leena sold 820 shares, netting a total of over 74,411 in proceeds. Following the sale of shares at $90.74 each, the insider now holds 14,752 shares.
Before that, Kozanian Panos had sold 2,161 shares from its account. In a trade valued at $195,467, the EVP, Product Engineering traded Five9 Inc. shares for $90.45 each. Upon closing the transaction, the insider’s holdings decreased to 2,161 shares, worth approximately $2.59 million.
As published in a research note from Morgan Stanley on October 10, 2022, Five9 Inc. [FIVN] has been rated down from an Overweight to an Equal-weight. Analysts at Credit Suisse started covering the stock with ‘”a Neutral”‘ outlook in a report released in late September. As of September 22, 2022, MoffettNathanson has initiated its “Hold” rating for FIVN. Earlier on September 13, 2022, KeyBanc Capital Markets initiated its rating. Their recommendation was “an Overweight” for FIVN stock.
Analyzing FIVN Stock Performance
On Thursday, Five9 Inc. [NASDAQ: FIVN] plunged -2.60% to $53.29. The stock’s lowest price that day was $52.88, but it reached a high of $55.07 in the same session. During the last five days, there has been a drop of approximately -11.48%. Over the course of the year, Five9 Inc. shares have dropped approximately -61.19%. Shares of the company reached a 52-week high of $144.24 on 01/06/22 and a 52-week low of $50.88 on 10/13/22. A 50-day SMA is recorded $74.75, while a 200-day SMA reached $97.96. Nevertheless, trading volume fell to 1.6 million shares from 1.15 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 52.42, which, if violated, would cause prices to drop to 51.56. In the upper region, resistance lies at 54.61. The next price resistance is at 55.94. RSI (Relative Strength Index) is 28.22 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.86, which suggests the price will decrease in the coming days. Percent R is at 95.89%, indicating bearish price movement. Stochastics %K at holding 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 $335,971,059. Wasatch Advisors, Inc. acquire a 53.89% interest valued at $252.7 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 $135.39 million.
In terms of Five9 Inc. share price expectations, FactSet research, analysts set an average price target of $108.46 in the next 12 months, up nearly 101.06% from the previous closing price of $54.71. Analysts anticipate Five9 Inc. stock to reach $160.00 by 2022, with the lowest price target being $70.00. In spite of this, 24 analysts ranked Five9 Inc. stock as an Overweight at the end of 2022. On August 15, 2022, Deutsche Bank assigned a price target of “a Hold” to the stock and initiated coverage with a $120.