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 stock. This is an increase of approximately 2,115% compared to the average volume of 384 call options.

Insider Buying and Selling

In related news, CAO Leena Mansharamani sold 1,135 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the sale, the chief accounting officer now directly owns 47,165 shares in the company, valued at $1,424,383. This represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Barry Zwarenstein sold 2,468 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $82,011.64. Following the transaction, the chief financial officer now owns 92,583 shares of the company’s stock, valued at approximately $3,076,533.09. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,874 shares of company stock valued at $985,446 over the last 90 days. 1.80% of the stock is owned by insiders.

Institutional Trading of Five9

Institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC grew its stake in 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 buying an additional 520 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of Five9 in the fourth quarter worth $36,000. Johnson Financial Group Inc. bought a new position in shares of Five9 in the fourth quarter worth $47,000. Steward Partners Investment Advisory LLC grew its position 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 purchasing an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Five9 by 3,955.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after purchasing an additional 2,571 shares during the period. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Five9 Stock Down 0.5 %

FIVN stock opened at $30.72 on Wednesday. The firm has a market capitalization of $2.33 billion, a PE ratio of -153.59, a P/E/G ratio of 9.41 and a beta of 1.01. 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 twelve month low of $26.60 and a twelve month high of $63.79. The stock’s 50 day moving average is $37.00 and its 200-day moving average is $35.81.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. Sell-side analysts expect that Five9 will post 0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. William Blair reiterated an “outperform” rating on shares of Five9 in a report on Thursday, March 13th. Piper Sandler boosted their price target on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Truist Financial reaffirmed a “buy” rating and set a $65.00 price objective on shares of Five9 in a research report on Tuesday, December 17th. Morgan Stanley boosted their target price on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $65.00 target price on shares of Five9 in a research note on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.76.

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.