It is currently trading at $24.59 a tad higher than the 50 day moving average which is $23.45 and quite a bit higher than the 200 day moving average of $21.66. The 50 day moving average was up by +4.86% and the 200 day average moved up $2.93. Trading volume for Five9, Inc. was 5,377 by the end of trading on Tuesday. Trading volume was down 98.27% under the stocks average daily volume.
Investors are more bearish on shares of Five9, Inc. if you look at the uptick in short interest. The stock saw a rise in short interest of 9.88% between September 15, 2017 and September 29, 2017. Short shares grew from 1,155,712 to 1,269,949 over that timeframe. Days to cover decreased 0.0 to 2.0 and the percentage of shorted shares was 0.02% on September 29.
There has been some selling insider activity on Five9, Inc. (NASDAQ:FIVN) recently. Daniel P. Burkland, EVP Global Sales and Services sold $221,200 worth of shares at an average price of $22.12 on September 20th. That brings the EVP Global Sales and Services’s holdings to $3,017,964 as recorded in a recent Form 4 SEC filing. EVP Scott Welch sold 11,878 shares at an average price of $21.28 on Tue the 5th. Welch now owns $2,618,717 of stock as reported to the SEC.
Gaurav Passi, EVP, Product Management let go of $216,406 worth of shares at an average price of $21.26 on Tue the 5th. That brings Passi’s holdings to $2,169,562 per an SEC filing yesterday.
Here are a few substantial investment firms who have updated their positions. As of quarter end Cutler Group LP had sold a total of 2,100 shares trimming its stake by 87.5%. The value of the company’s investment in Five9, Inc. went from $3,000 to $0 a change of $3,000 quarter over quarter. Balter Liquid Alternatives, LLC cut its stake by shedding 28,018 shares a decrease of 56.7% in the quarter. Balter Liquid Alternatives, LLC controls 21,353 shares with a value of $510,000. The value of the position overall is down by 52.0%.
As of the end of the quarter Meeder Asset Management Inc had acquired 43 shares growing its position 14.1%. The value of the investment in Five9, Inc. increased from $7,000 to $8,000 increasing 14.3% since the last quarter. As of quarter end Shell Asset Management CO had sold a total of 44,874 shares trimming its holdings by 8.7%. The value in dollars increased from $11,159,000 to $11,320,000 a change of 1.4% for the reporting period.
August 4 investment analysts at Canaccord Genuity held the company rating at “Buy” but raised the price expectation to $25.00 from $8.00. On September 27 Canaccord Genuity made no change to the company rating of “Buy” and raised the price expectation from $25.00 to $26.00.
In the latest earnings report the EPS was $-0.24 and is expected to be $0.01 for the current year with 55,116,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.03 and the next full year EPS is anticipated 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..