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

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FIVN shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Five9 in a report on Monday. DA Davidson set a $24.00 price objective on shares of Five9 in a research note on Thursday, December 18th. Wells Fargo & Company cut their price objective on shares of Five9 from $28.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Wall Street Zen lowered shares of Five9 from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 20th. Finally, HSBC upgraded shares of Five9 to a “buy” rating in a research report on Thursday, December 18th. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.93.

Insiders Place Their Bets

In other news, insider Tiffany N. Meriweather sold 6,852 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $20.35, for a total value of $139,438.20. Following the transaction, the insider owned 212,126 shares of the company’s stock, valued at approximately $4,316,764.10. This represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Burkland sold 17,992 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $20.35, for a total value of $366,137.20. Following the transaction, the chief executive officer owned 349,570 shares in the company, valued at approximately $7,113,749.50. This trade represents a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 66,039 shares of company stock worth $1,347,231 in the last 90 days. Corporate insiders own 1.60% 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 FIVN. Voss Capital LP grew its stake in shares of Five9 by 211.4% during the second quarter. Voss Capital LP now owns 3,250,000 shares of the software maker’s stock worth $86,060,000 after buying an additional 2,206,173 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Five9 by 292.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock worth $72,745,000 after acquiring an additional 1,996,628 shares during the last quarter. Norges Bank acquired a new position in Five9 in the 2nd quarter worth about $39,056,000. Federated Hermes Inc. increased its holdings in Five9 by 124,372.3% in the 2nd quarter. Federated Hermes Inc. now owns 830,230 shares of the software maker’s stock worth $21,984,000 after purchasing an additional 829,563 shares in the last quarter. Finally, Anson Funds Management LP raised its position in Five9 by 98.5% in the third quarter. Anson Funds Management LP now owns 1,534,272 shares of the software maker’s stock valued at $37,129,000 after purchasing an additional 761,486 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Stock Up 0.3%

NASDAQ FIVN opened at $20.00 on Wednesday. The business has a fifty day moving average price of $20.88 and a two-hundred day moving average price of $24.09. The stock has a market capitalization of $1.56 billion, a PE ratio of 55.56, a PEG ratio of 1.24 and a beta of 1.35. Five9 has a fifty-two week low of $17.71 and a fifty-two week high of $49.90. The company has a debt-to-equity ratio of 0.96, a current ratio of 4.61 and a quick ratio of 4.61.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%.The company had revenue of $283.27 million during the quarter. Equities analysts expect that Five9 will post 0.28 earnings per share for the current fiscal year.

Five9 declared that its board has approved a share repurchase program on Tuesday, November 11th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the software maker to reacquire up to 3.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Five9 Company Profile

Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.

Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.