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

Five9, Inc. (NASDAQ:FIVNGet 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

FIVN has been the subject of a number of recent research reports. Piper Sandler dropped their target price on Five9 from $166.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, July 13th. Deutsche Bank Aktiengesellschaft initiated coverage on Five9 in a research note on Monday, August 15th. They set a “hold” rating and a $120.00 price target for the company. Roth Capital initiated coverage on Five9 in a research note on Wednesday, May 18th. They set a “buy” rating and a $129.00 price target for the company. UBS Group decreased their price target on Five9 from $180.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Finally, Jefferies Financial Group decreased their target price on Five9 from $130.00 to $125.00 in a research report on Monday, May 23rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, Five9 currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.53.

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:FIVNGet 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

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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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