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

Five9, Inc. (NASDAQ:FIVN) saw unusually large options trading activity on Tuesday. Stock investors acquired 8,504 call options on the company. This is an increase of 2,115% compared to the typical daily volume of 384 call options.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FIVN shares. Cantor Fitzgerald started coverage on shares of Five9 in a research report on Friday, January 17th. They set an “overweight” rating and a $46.00 price objective for the company. DA Davidson raised their target price on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC restated a “buy” rating and set a $52.00 price target on shares of Five9 in a report on Tuesday, January 21st. Morgan Stanley raised their price objective on shares of Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company downgraded shares of 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. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $57.50.

Insiders Place Their Bets

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 69,009 shares of the company’s stock, valued at $2,904,588.81. The trade was a 9.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $521,391.60. Following the transaction, the chief executive officer now owns 240,894 shares of the company’s stock, valued at approximately $9,973,011.60. This represents a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,004 shares of company stock valued at $1,209,279. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

Hedge funds have recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its stake in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after acquiring an additional 520 shares during the last quarter. Signaturefd LLC raised its holdings in Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after buying an additional 984 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after buying an additional 1,315 shares during the period. Venturi Wealth Management LLC increased its position in shares of Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after acquiring an additional 2,571 shares in the last quarter. Finally, FNY Investment Advisers LLC boosted its stake in Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock worth $132,000 after purchasing an additional 2,485 shares during the period. Institutional investors own 96.64% of the company’s stock.

Five9 Price Performance

Shares of FIVN stock opened at $40.65 on Wednesday. The stock’s fifty day moving average is $40.75 and its 200-day moving average is $35.95. The stock has a market capitalization of $3.06 billion, a PE ratio of -81.30, a PEG ratio of 9.48 and a beta of 0.93. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9 has a 52 week low of $26.60 and a 52 week high of $79.43.

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.