Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) was the target of unusually large options trading on Tuesday. Stock investors acquired 8,504 call options on the stock. This represents an increase of 2,115% compared to the typical volume of 384 call options.

Insiders Place Their Bets

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the sale, the executive vice president now directly owns 126,359 shares in the company, valued at approximately $4,220,390.60. This represents a 5.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Leena Mansharamani sold 1,517 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $50,409.91. Following the completion of the sale, the chief accounting officer now owns 48,300 shares of the company’s stock, valued at $1,605,009. This represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,039 shares of company stock worth $930,029. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five9

A number of institutional investors have recently modified their holdings of FIVN. Lindbrook Capital LLC boosted its holdings in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares during the period. Banque Transatlantique SA purchased a new stake in Five9 during the 4th quarter worth about $36,000. Johnson Financial Group Inc. purchased a new stake in Five9 during the 4th quarter worth about $47,000. Steward Partners Investment Advisory LLC lifted its holdings in Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after buying an additional 1,315 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in Five9 during the 3rd quarter worth about $95,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Price Performance

NASDAQ:FIVN opened at $29.59 on Thursday. The stock has a 50 day moving average price of $38.67 and a 200 day moving average price of $35.88. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $2.24 billion, a PE ratio of -147.94, a P/E/G ratio of 9.41 and a beta of 1.01. Five9 has a one year low of $26.60 and a one year high of $63.79.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FIVN shares. Barclays upped their price objective on Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Cantor Fitzgerald upped their target price on Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Piper Sandler increased their price objective on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Truist Financial reissued a “buy” rating and issued a $65.00 price objective on shares of Five9 in a report on Tuesday, December 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $52.00 price objective on shares of Five9 in a report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Five9 presently has a consensus rating of “Moderate Buy” and an average price target of $57.65.

About Five9

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.