Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

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

Insiders Place Their Bets

In other Five9 news, CFO Barry Zwarenstein sold 3,336 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total transaction of $139,611.60. Following the completion of the transaction, the chief financial officer now owns 98,396 shares of the company’s stock, valued at $4,117,872.60. This represents a 3.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Andy Dignan sold 4,109 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total transaction of $171,961.65. Following the transaction, the chief operating officer now directly owns 115,818 shares of the company’s stock, valued at $4,846,983.30. This trade represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,004 shares of company stock worth $1,209,279. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

A number of institutional investors have recently modified their holdings of FIVN. Norges Bank purchased a new position in Five9 during the fourth quarter valued at approximately $81,280,000. Ameriprise Financial Inc. increased its holdings in Five9 by 353.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock valued at $97,356,000 after buying an additional 1,867,137 shares during the period. Sylebra Capital LLC increased its holdings in Five9 by 59.4% during the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock valued at $152,228,000 after buying an additional 1,396,496 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in Five9 during the fourth quarter valued at approximately $51,061,000. Finally, Wellington Management Group LLP increased its holdings in Five9 by 50.9% during the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after buying an additional 601,348 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Stock Performance

Shares of NASDAQ:FIVN opened at $38.73 on Wednesday. The firm has a market cap of $2.91 billion, a PE ratio of -193.64, a price-to-earnings-growth ratio of 9.41 and a beta of 0.93. The firm’s 50 day simple moving average is $40.55 and its 200-day simple moving average is $35.84. Five9 has a one year low of $26.60 and a one year high of $64.60. 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 (NASDAQ:FIVN) last issued its earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The company 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%. As a group, equities analysts predict that Five9 will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on FIVN. Morgan Stanley increased their price objective on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 price target on shares of Five9 in a report on Friday, February 21st. William Blair reaffirmed an “outperform” rating on shares of Five9 in a report on Friday, February 21st. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Finally, Barclays increased their price target on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.