Five9, Inc. (NASDAQ:FIVN – Get Rating) saw some unusual options trading on Tuesday. Stock investors purchased 8,504 call options on the stock. This is an increase of approximately 2,115% compared to the typical daily volume of 384 call options.
Insider Activity at Five9
In related news, Director Kimberly Alexy sold 2,500 shares of Five9 stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $97.26, for a total transaction of $243,150.00. Following the sale, the director now owns 11,117 shares of the company’s stock, valued at approximately $1,081,239.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Five9 news, Director Kimberly Alexy sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $97.26, for a total transaction of $243,150.00. Following the completion of the transaction, the director now owns 11,117 shares in the company, valued at approximately $1,081,239.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rowan M. Trollope sold 1,483 shares of the firm’s stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $100.19, for a total value of $148,581.77. Following the transaction, the chief executive officer now owns 58,294 shares of the company’s stock, valued at approximately $5,840,475.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,555 shares of company stock valued at $4,642,927. 2.40% of the stock is owned by company insiders.
Institutional Investors Weigh In On Five9
Large investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC purchased a new stake in shares of Five9 in the first quarter valued at approximately $397,000. SG Americas Securities LLC grew its position in Five9 by 254.1% in the first quarter. SG Americas Securities LLC now owns 76,535 shares of the software maker’s stock worth $8,449,000 after acquiring an additional 54,918 shares during the period. Fifth Third Bancorp grew its position in Five9 by 27.9% in the first quarter. Fifth Third Bancorp now owns 4,179 shares of the software maker’s stock worth $461,000 after acquiring an additional 911 shares during the period. Gagnon Securities LLC grew its position in Five9 by 9.4% in the first quarter. Gagnon Securities LLC now owns 153,120 shares of the software maker’s stock worth $16,904,000 after acquiring an additional 13,135 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in Five9 by 7.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 30,931 shares of the software maker’s stock worth $3,415,000 after acquiring an additional 2,187 shares during the period.
Analysts Set New Price Targets
Five9 Stock Performance
NASDAQ FIVN opened at $87.40 on Wednesday. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of -74.07 and a beta of 0.63. Five9 has a twelve month low of $80.52 and a twelve month high of $176.49. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 3.01. The stock has a 50-day moving average of $101.69 and a 200 day moving average of $101.19.
Five9 (NASDAQ:FIVN – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The software maker reported ($0.29) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.05. Five9 had a negative return on equity of 27.15% and a negative net margin of 11.70%. The company had revenue of $189.38 million during the quarter, compared to analysts’ expectations of $180.08 million. During the same quarter in the prior year, the firm posted ($0.14) EPS. Five9’s quarterly revenue was up 31.7% compared to the same quarter last year. Sell-side analysts anticipate that Five9 will post -0.9 EPS for the current fiscal year.
Five9 Company Profile
Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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.
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