Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

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

Five9 Trading Down 2.9 %

Shares of FIVN stock opened at $29.66 on Wednesday. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $63.79. The stock’s fifty day moving average price is $38.89 and its two-hundred day moving average price is $35.93. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $2.25 billion, a PE ratio of -148.29, a P/E/G ratio of 9.41 and a beta of 1.01.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). The business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. Equities analysts predict that Five9 will post 0.28 EPS for the current fiscal year.

Insider Activity at Five9

In related news, COO Andy Dignan sold 2,840 shares of Five9 stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $94,373.20. Following the completion of the sale, the chief operating officer now owns 194,201 shares of the company’s stock, valued at approximately $6,453,299.23. The trade was a 1.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the transaction, the executive vice president now directly owns 126,359 shares in the company, valued at approximately $4,220,390.60. This represents a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,039 shares of company stock worth $930,029. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

A number of institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its stake in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after buying an additional 520 shares during the last quarter. Banque Transatlantique SA acquired a new stake in shares of Five9 during the 4th quarter valued at $36,000. Johnson Financial Group Inc. bought a new stake in Five9 during the 4th quarter worth $47,000. Steward Partners Investment Advisory LLC grew its position in Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after acquiring an additional 1,315 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Five9 in the 3rd quarter worth about $95,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FIVN has been the topic of a number of recent research reports. Piper Sandler increased their target price on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Barclays upped their price objective on Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Morgan Stanley lifted their target price on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. William Blair restated an “outperform” rating on shares of Five9 in a research note on Friday, February 21st. Finally, Rosenblatt Securities lifted their price objective on shares of Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Six investment 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.65.

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.