Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

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

Insider Buying and Selling

In other Five9 news, COO Andy Dignan sold 7,340 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total value of $420,435.20. Following the sale, the chief operating officer now directly owns 129,559 shares in the company, valued at approximately $7,421,139.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

A number of institutional investors and hedge funds have recently modified their holdings of the business. Raymond James & Associates raised its stake in shares of Five9 by 10.1% during the first quarter. Raymond James & Associates now owns 86,867 shares of the software maker’s stock worth $5,395,000 after buying an additional 7,958 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of Five9 by 1.9% during the first quarter. Wasatch Advisors LP now owns 3,459,581 shares of the software maker’s stock worth $214,875,000 after buying an additional 63,200 shares during the last quarter. Mirador Capital Partners LP raised its stake in shares of Five9 by 6.2% during the first quarter. Mirador Capital Partners LP now owns 17,564 shares of the software maker’s stock worth $1,091,000 after buying an additional 1,031 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Five9 by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 7,286,789 shares of the software maker’s stock worth $573,397,000 after buying an additional 50,540 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Five9 by 21.8% during the fourth quarter. Fisher Asset Management LLC now owns 202,987 shares of the software maker’s stock worth $15,973,000 after buying an additional 36,317 shares during the last quarter. 96.64% of the stock is owned by institutional investors.

Five9 Trading Up 3.2 %

Shares of NASDAQ FIVN opened at $60.14 on Wednesday. Five9 has a 1-year low of $51.01 and a 1-year high of $92.40. The company has a market cap of $4.44 billion, a PE ratio of -53.22 and a beta of 0.83. The company has a current ratio of 5.53, a quick ratio of 5.53 and a debt-to-equity ratio of 1.38. The company has a 50-day moving average of $61.90 and a two-hundred day moving average of $68.78.

Five9 (NASDAQ:FIVN) last announced its earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. The company had revenue of $239.06 million during the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative net margin of 8.98% and a negative return on equity of 12.51%. As a group, equities analysts expect that Five9 will post -0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on FIVN shares. Wells Fargo & Company decreased their price target on shares of Five9 from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. Canaccord Genuity Group decreased their target price on shares of Five9 from $90.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday. Barclays decreased their target price on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. KeyCorp reduced their price target on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. Finally, Morgan Stanley reduced their price target on shares of Five9 from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.13.

Five9 Company Profile

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.