Five9 Inc. [FIVN] stock was sold by Alexy Kimberly at the price of US$0.21 million


Five9 Inc.’s filing revealed that its Director Alexy Kimberly unloaded Company’s shares for reported $0.21 million on Feb 02. In the deal valued at $85.35 per share,2,500 shares were sold. As a result of this transaction, Alexy Kimberly now holds 11,117 shares worth roughly $ 0.79 million.

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Then, Burkland Daniel P. sold 8,000 shares, generating $634,319 in total proceeds. Upon selling the shares at $79.29, the Pres. & Chief Revenue Officer now owns 108,616 shares.

Before that, Burkland Daniel P. sold 28,623 shares. Five9 Inc. shares valued at $2,149,301 were divested by the Pres. & Chief Revenue Officer at a price of $75.09 per share. As a result of the transaction, Burkland Daniel P. now holds 116,616 shares, worth roughly $8.3 million.

Jefferies downgraded its Five9 Inc. [FIVN] rating to a Hold from a a Buy in a research note published on Friday. PT values the company’s stock at a premium of -9.54 to its Friday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal-weight”. Credit Suisse began covering FIVN with “Neutral” recommendation on September 23, 2022. MoffettNathanson started covering the stock on September 22, 2022. It rated FIVN as “a Hold”.

Price Performance Review of FIVN

On Friday, Five9 Inc. [NASDAQ:FIVN] saw its stock fall -3.41% to $71.20. On the same session, the stock had its day’s lowest price of $70.77, but rose to a high of $74.76. Over the last five days, the stock has lost -13.47%. Five9 Inc. shares have risen nearly 4.92% since the year began. Nevertheless, the stocks have fallen -31.63% over the past one year. While a 52-week high of $121.17 was reached on 02/02/23, a 52-week low of $46.61 was recorded on 01/06/23. SMA at 50 days reached $74.26, while 200 days put it at $82.03. A total of 1.68 million shares were traded, compared to the trading of 4.44 million shares in the previous session.

Levels Of Support And Resistance For FIVN Stock

The 24-hour chart illustrates a support level at 69.73, which if violated will result in even more drops to 68.25. On the upside, there is a resistance level at 73.72. A further resistance level may holdings at 76.23. The Relative Strength Index (RSI) on the 14-day chart is 39.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.13%. Stochastics %K at 28.43% indicates the stock is a holding.

How much short interest is there in Five9 Inc.?

A steep rise in short interest was recorded in Five9 Inc. stocks on Jan 12, 2023, growing by 1.08 million shares to a total of 5.25 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 4.17 million shares. There was a rise of 20.57%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.52% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.67.

Five9 Inc. [FIVN] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 6,617,503 shares, or roughly 9.39% of the outstanding FIVN shares. In other words, the investor’s shares have risen by 162,503 from its previous 13-F filing of 6455000.0. Additionally, Wellington Management Co. LLP decreased -23.34% of its stake after which the total value it holdings stand at $290,747,359, while Wasatch Advisors, Inc. added 2.20% of its stake to hold $280.28 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 661,572 shares of Five9 Inc., while Fidelity Management & Research Co bought 641,723 shares. At present, BlackRock Advisors LLC is holding 2,908,527 shares valued at $229.13 million. Sylebra Capital Ltd. owned 2,495,298 shares of the company at the time of its most recent 13F filing, worth $196.58 million.

According to FactSet, Five9 Inc.’s share price will average $85.68 in the next year, based on opinions of analysts polled by the firm. This is up nearly 22.1 percent from its previous closing price of $73.71. Analysts expect Five9 Inc. stock to reach the higher price of $105.00, while the lowest price estimate is $61.00. However, 21 analysts have rated FIVN stock as an Overweight in their predictions for 2023. The most recent change occurred on September 13, 2022 when KeyBanc Capital Markets began covering the stock and recommended ‘”an Overweight”‘ rating along with a $124 price target.


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