Investors Purchase High Volume of Five9 Call Options (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) was the target of unusually large options trading activity on Tuesday. Investors purchased 8,504 call options on the company. This represents an increase of approximately 2,115% compared to the average daily volume of 384 call options.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Piper Sandler increased their price target on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $55.00 to $40.00 in a research note on Tuesday, November 12th. Truist Financial reaffirmed a “buy” rating and issued a $65.00 target price on shares of Five9 in a research note on Tuesday, December 17th. DA Davidson increased their price objective on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC boosted their target price on Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.18.

Five9 Trading Down 0.2 %

Shares of Five9 stock traded down $0.08 during trading on Wednesday, hitting $40.64. The company’s stock had a trading volume of 554,919 shares, compared to its average volume of 1,490,406. Five9 has a 52 week low of $26.60 and a 52 week high of $81.24. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of -81.28, a price-to-earnings-growth ratio of 28.88 and a beta of 0.92. The stock has a 50-day moving average price of $38.44 and a two-hundred day moving average price of $36.54.

Insider Buying and Selling

In other news, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total transaction 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. The trade was a 9.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Burkland sold 12,594 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total transaction of $521,391.60. Following the sale, the chief executive officer now directly owns 240,894 shares of the company’s stock, valued at approximately $9,973,011.60. This trade represents a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,004 shares of company stock worth $1,209,279 in the last quarter. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Five9

Institutional investors have recently added to or reduced their stakes in the stock. Scalar Gauge Management LLC acquired a new position in Five9 in the second quarter valued at $6,990,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Five9 by 14.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock valued at $47,919,000 after purchasing an additional 210,836 shares during the period. King Luther Capital Management Corp acquired a new position in shares of Five9 in the 2nd quarter valued at about $2,062,000. Van Berkom & Associates Inc. boosted its position in shares of Five9 by 52.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock valued at $57,307,000 after purchasing an additional 446,151 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Five9 by 14.9% in the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after purchasing an additional 98,543 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

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.