Five9 Target of Unusually High Options Trading (NASDAQ:FIVN)

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FIVN shares. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Morgan Stanley cut their price target on Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Robert W. Baird raised their target price on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Northland Securities lowered their price target on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, Barclays lowered their target price on Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.22.

Five9 Stock Up 1.7 %

NASDAQ FIVN opened at $37.68 on Wednesday. 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 fifty-two week low of $26.60 and a fifty-two week high of $92.40. The business has a 50 day moving average price of $30.55 and a two-hundred day moving average price of $38.27. The stock has a market cap of $2.83 billion, a PE ratio of -73.46, a P/E/G ratio of 22.98 and a beta of 0.85.

Insider Buying and Selling at Five9

In related news, CFO Barry Zwarenstein sold 4,408 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the transaction, the chief financial officer now owns 101,732 shares of the company’s stock, valued at $2,743,712.04. This trade represents a 4.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Panos Kozanian sold 7,617 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value of $228,662.34. Following the completion of the transaction, the executive vice president now directly owns 76,628 shares in the company, valued at approximately $2,300,372.56. The trade was a 9.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,493 shares of company stock valued at $1,097,753 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FIVN. Vestcor Inc boosted its position in Five9 by 42.9% in the 3rd quarter. Vestcor Inc now owns 50,000 shares of the software maker’s stock valued at $1,437,000 after buying an additional 15,000 shares during the last quarter. Bullseye Asset Management LLC raised its position in shares of Five9 by 13.7% in the 3rd quarter. Bullseye Asset Management LLC now owns 103,768 shares of the software maker’s stock valued at $2,981,000 after purchasing an additional 12,500 shares in the last quarter. Barclays PLC boosted its stake in shares of Five9 by 215.8% during the 3rd quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock valued at $6,956,000 after buying an additional 165,487 shares during the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of Five9 by 371.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 84,112 shares of the software maker’s stock worth $2,417,000 after buying an additional 66,286 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Five9 in the third quarter valued at $629,000. 96.64% of the stock is currently owned by hedge funds and other 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.