Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

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

Insiders Place Their Bets

In related news, COO Andy Dignan sold 7,340 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was 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 $7,421,139.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Five9

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Five9 by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,286,789 shares of the software maker’s stock valued at $573,397,000 after purchasing an additional 50,540 shares in the last quarter. Wasatch Advisors LP increased 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 acquiring an additional 63,200 shares during the period. Sylebra Capital LLC acquired a new position in Five9 during the 3rd quarter worth approximately $129,467,000. Eagle Asset Management Inc. raised its position in Five9 by 0.8% in the fourth quarter. Eagle Asset Management Inc. now owns 1,035,554 shares of the software maker’s stock worth $81,488,000 after acquiring an additional 8,231 shares in the last quarter. Finally, Norges Bank purchased a new stake in Five9 during the fourth quarter worth about $79,035,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Stock Performance

FIVN opened at $56.45 on Wednesday. Five9 has a 52-week low of $51.01 and a 52-week high of $92.40. The firm’s fifty day simple moving average is $59.73 and its two-hundred day simple moving average is $68.46. The company has a quick ratio of 7.02, a current ratio of 7.02 and a debt-to-equity ratio of 2.41. The company has a market cap of $4.17 billion, a price-to-earnings ratio of -66.41 and a beta of 0.85.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. The firm had revenue of $239.06 million for the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. Equities analysts anticipate that Five9 will post -0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Barclays dropped their price target on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Piper Sandler upped their target price on Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, January 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Five9 in a research report on Friday, May 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Five9 in a research note on Friday, May 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of Five9 from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.88.

About Five9

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.