Shares are trading at $25.23 a bit higher than $23.92, the 50 day moving average and a great deal higher than the 200 day moving average of $21.97. The 50 day moving average went up $1.31 or +5.49% and the 200 day average went up $3.26 or +14.84%. Trading was heavy with 296K shares changing hands by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 6.91% over the normal average daily volume.
Investors are more bearish on Five9, Inc. of late looking at the increase in short interest. The firm had a rise in short interest between September 29, 2017 and October 13, 2017 of 3.16%. Short interest grew from 1,269,949 to 1,310,123 over that period. With short interest at 1,310,123 and short average daily volume at 364,222, the short-interest ratio is 4.0 and the short interest percentage is 0.02% as of October 13.
Here is a rundown on some insider market activity for Five9, Inc. (NASDAQ:FIVN). Daniel P. Burkland, EVP Global Sales and Services disclosed the sale of 10,000 shares of FIVN stock. The shares were sold on October 20th for an average price of $24.88. Burkland now owns $3,394,528 of the stock per the Form 4 SEC filing. Daniel P. Burkland, EVP Global Sales and Services reported the sale of 10,000 shares. The shares were purchased at an average price of $22.12. The EVP Global Sales and Services now owns $3,017,964 of the stock according to the SEC filing.
EVP Scott Welch disclosed the sale of 11,878 shares of (FIVN). The shares were purchased at an average price of $21.28. Welch now owns $2,618,717 of the stock according to the SEC filing.
Here are a few substantial investment firms who have updated their positions. Shell Asset Management CO divested its holdings by shedding 44,874 shares a decrease of 8.7% from 06/30/2017 to 09/30/2017. Shell Asset Management CO claims 473,650 shares valued at $11,320,000. The value of the position overall is up by 1.4%. As of the end of the quarter Nationwide Fund Advisors had sold 514 shares trimming its holdings by 0.8%. The value of the company’s investment in Five9, Inc. increased from $1,442,000 to $1,589,000 a change of 10.2% for the reporting period.
As of quarter end First Trust Advisors LP had acquired a total of 873 shares growing its position 0.8%. The value of the investment in Five9, Inc. went from $2,411,000 to $2,699,000 increasing 11.9% quarter to quarter. Aperio Group, LLC cut its ownership by selling 1,110 shares a decrease of 3.1% as of 09/30/2017. Aperio Group, LLC now holds 34,455 shares worth $823,000. The total value of its holdings increased 7.6%.
On August 4 Canaccord Genuity left the stock rating at “Buy” but raised the price target from $8.00 to $25.00. September 27 investment analysts at Canaccord Genuity kept the company rating at “Buy” and raised the price expectation to $26.00 from $25.00.
In the last earnings report the EPS was $-0.24 and is projected to be $0.01 for the current year with 55,116,000 shares currently outstanding. Next quarter’s EPS is expected be $0.03 and the next full year EPS is projected to be $0.10.
Five9 Inc. (Five9), launched on March 13, 2001, is a provider of cloud software for contact centers. The Business’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Business’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs). The Business’s VCC cloud platform matches each customer interaction with an appropriate agent resource and delivers relevant customer data to the agent in real-time through integrations with adjacent enterprise applications, such as customer relationship management (CRM) software, to optimize the customer experience and agent productivity..