Five9 Sees Unusually High Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) saw some unusual options trading on Tuesday. Traders bought 8,504 call options on the company. This represents an increase of approximately 2,115% compared to the average volume of 384 call options.

Insider Buying and Selling at Five9

In related news, COO Andy Dignan sold 4,109 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $171,961.65. Following the sale, the chief operating officer now owns 115,818 shares in the company, valued at approximately $4,846,983.30. The trade was a 3.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total value of $320,683.71. Following the completion of the sale, the executive vice president now owns 69,009 shares in the company, valued at $2,904,588.81. This represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock worth $1,209,279 over the last quarter. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Five9

Hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in shares of Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after purchasing an additional 984 shares during the period. Lindbrook Capital LLC raised its position in Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after buying an additional 520 shares during the last quarter. Banque Transatlantique SA acquired a new stake in shares of Five9 in the 4th quarter worth $36,000. Johnson Financial Group Inc. purchased a new stake in shares of Five9 in the fourth quarter valued at about $47,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after acquiring an additional 1,315 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FIVN shares. Robert W. Baird boosted their target price on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Needham & Company LLC reissued a “buy” rating and set a $52.00 target price on shares of Five9 in a research note on Friday, February 21st. DA Davidson boosted their target price on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $55.00 to $40.00 in a research note on Tuesday, November 12th. Finally, Morgan Stanley boosted their target price on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.65.

Five9 Stock Down 1.9 %

Shares of NASDAQ FIVN opened at $38.01 on Thursday. The stock has a market cap of $2.86 billion, a PE ratio of -190.02, a price-to-earnings-growth ratio of 9.41 and a beta of 0.93. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9 has a 52-week low of $26.60 and a 52-week high of $63.79. The business has a 50-day moving average price of $40.47 and a 200 day moving average price of $35.89.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The firm had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. Equities research analysts forecast that Five9 will post 0.28 earnings per share for the current year.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.