Five9 Sees Unusually High Options Volume (NASDAQ:FIVN)

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

Insider Transactions at Five9

In other Five9 news, President Andy Dignan sold 7,512 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $20.28, for a total transaction of $152,343.36. Following the sale, the president directly owned 208,513 shares in the company, valued at $4,228,643.64. This represents a 3.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Panos Kozanian sold 10,858 shares of Five9 stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $20.42, for a total transaction of $221,720.36. Following the transaction, the executive vice president directly owned 94,457 shares of the company’s stock, valued at $1,928,811.94. The trade was a 10.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,339 shares of company stock valued at $1,330,186 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Amundi lifted its holdings in Five9 by 8.3% during the 1st quarter. Amundi now owns 40,291 shares of the software maker’s stock worth $1,017,000 after buying an additional 3,079 shares in the last quarter. WCM Investment Management LLC grew its stake in shares of Five9 by 6.6% in the second quarter. WCM Investment Management LLC now owns 558,313 shares of the software maker’s stock worth $14,929,000 after acquiring an additional 34,402 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Five9 during the second quarter worth $225,000. FNY Investment Advisers LLC raised its stake in shares of Five9 by 118.4% in the second quarter. FNY Investment Advisers LLC now owns 4,804 shares of the software maker’s stock valued at $127,000 after acquiring an additional 2,604 shares in the last quarter. Finally, Cardinal Point Capital Management ULC boosted its holdings in Five9 by 72.8% in the second quarter. Cardinal Point Capital Management ULC now owns 35,225 shares of the software maker’s stock valued at $933,000 after purchasing an additional 14,840 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FIVN. Piper Sandler cut Five9 from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $26.00 to $21.00 in a research report on Monday, January 5th. DA Davidson set a $24.00 price target on Five9 in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Five9 in a research report on Monday, December 29th. Wells Fargo & Company lowered their target price on shares of Five9 from $28.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Finally, Wall Street Zen raised shares of Five9 from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Twelve equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.07.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $17.77 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.61 and a current ratio of 4.61. The firm has a market cap of $1.39 billion, a PE ratio of 49.36, a PEG ratio of 0.87 and a beta of 1.32. Five9 has a one year low of $15.70 and a one year high of $49.90. The firm has a fifty day moving average of $19.30 and a 200 day moving average of $22.21.

Five9 declared that its board has approved a share repurchase plan on Tuesday, November 11th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the software maker to repurchase up to 3.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

About Five9

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.