Stock Traders Buy Large Volume of Five9 Call Options (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) was the recipient of unusually large options trading activity on Tuesday. Traders bought 8,504 call options on the stock. This represents an increase of approximately 2,115% compared to the typical volume of 384 call options.

Insider Buying and Selling

In related news, 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 transaction of $228,662.34. Following the completion of the transaction, the executive vice president now owns 76,628 shares in the company, valued at approximately $2,300,372.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, 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 transaction of $228,662.34. Following the completion of the transaction, the executive vice president now owns 76,628 shares in the company, valued at approximately $2,300,372.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Barry Zwarenstein sold 6,207 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $45.01, for a total transaction of $279,377.07. Following the transaction, the chief financial officer now owns 85,121 shares of the company’s stock, valued at approximately $3,831,296.21. The disclosure for this sale can be found here. Insiders sold a total of 45,337 shares of company stock worth $1,491,971 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Five9

A number of large investors have recently added to or reduced their stakes in FIVN. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Five9 during the second quarter worth $57,000. Quent Capital LLC raised its position in Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after acquiring an additional 352 shares during the period. Cetera Advisors LLC acquired a new position in Five9 during the first quarter worth $226,000. ProShare Advisors LLC acquired a new stake in shares of Five9 in the first quarter valued at about $247,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of Five9 in the first quarter valued at about $264,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Stock Performance

FIVN opened at $27.65 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15. The firm has a fifty day moving average price of $35.13 and a 200 day moving average price of $46.16. Five9 has a 1 year low of $26.60 and a 1 year high of $92.40. The stock has a market cap of $2.04 billion, a P/E ratio of -32.53 and a beta of 0.86.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The firm had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $244.54 million. Equities research analysts anticipate that Five9 will post -0.09 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on FIVN shares. Bank of America raised shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Monday, August 5th. BTIG Research dropped their target price on shares of Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Piper Sandler reissued an “overweight” rating and set a $47.00 target price on shares of Five9 in a research report on Wednesday, August 21st. Rosenblatt Securities dropped their target price on shares of Five9 from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Robert W. Baird downgraded shares of Five9 from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $90.00 to $40.00 in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.