I’m trying to understand what’s driving the stock price down.
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The stock is almost at its 52 week low. They are hoping that it rises back up and then they cash out with some profit.
@OP Equally baffling is why Gagnon Securities would increase their already insanely large position in Five9 by over 28,000 shares. WTF is going on here? None of this makes any sense. A few firms see it at $28/sh., some at $40. They're on crack, unless they know something, hmmm? Curious, that.
It's hard to have faith in our stocks when you see senior leadership selling insane amounts of stock even when the stock is at a historic low.
There was some hope about a sale. No more. Now it’s new CEO and a few quarters of nonsense. We are fked. The board is clueless as to what to do here.
@a2 I don’t believe so - stocks despite risks are rising. Investors have no faith in our leadership. We all know that Five9 won’t reach the highs of COVID but we do know that our competitors who saw equal rises and falls following COVID didn’t suffer anywhere nearly as much as us. It’s not that we’re a victim of circumstance, we’re literally a victim of poor decision making. If we tracked where Zoom or NiCE is at our stocks would be worth a heck of alot more then they are right now. This is 100% investor panic at how poorly our leadership is managing us.
The investors are correct, Five9 can't compete. Their AI "solutions" are just bad
Very common for stock to lose value just before earnings. The biggest challenge is investors don’t see Five9 is a beneficiary of AI investments. Leaders must do much more to demonstrate to investors the company can grow exponentially with AI. Recent exec changes have also created a wobble in confidence. Expect continued low valuation until mid 2026.
Because contact center software is a commodity and you can't compete with that level of technical debt. Better to start again with competent architects.
Down 90% from peak. Disgusting!
I wish we could interview people who sell their stocks, because it's really hard to tell.
If I were to guess: people are strapped for cash right now due to politics, inflation, etc. So people sell stocks, hold one to ones they know will grow, sell the ones they are a question mark on.