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

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FIVN shares. Piper Sandler reissued an “overweight” rating and issued a $47.00 price target on shares of Five9 in a report on Wednesday, August 21st. Roth Mkm dropped their target price on Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price target on shares of Five9 in a report on Wednesday, August 21st. BTIG Research dropped their price objective on Five9 from $100.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Truist Financial restated a “buy” rating and set a $65.00 target price on shares of Five9 in a research report on Tuesday, August 27th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $63.35.

Five9 Stock Performance

Shares of FIVN opened at $27.78 on Thursday. The firm’s fifty day simple moving average is $34.76 and its two-hundred day simple moving average is $46.03. Five9 has a 12 month low of $26.60 and a 12 month high of $92.40. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $2.08 billion, a P/E ratio of -32.68 and a beta of 0.86.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.14. The business had revenue of $252.09 million during the quarter, compared to the consensus estimate of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. As a group, analysts predict that Five9 will post -0.09 EPS for the current year.

Insider Activity at Five9

In other news, COO Andy Dignan sold 4,245 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.26, for a total transaction of $128,453.70. Following the transaction, the chief operating officer now owns 119,927 shares in the company, valued at approximately $3,628,991.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Five9 news, CFO Barry Zwarenstein sold 6,207 shares of Five9 stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $45.01, for a total transaction of $279,377.07. Following the sale, the chief financial officer now directly owns 85,121 shares of the company’s stock, valued at $3,831,296.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Andy Dignan sold 4,245 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.26, for a total value of $128,453.70. Following the completion of the transaction, the chief operating officer now directly owns 119,927 shares of the company’s stock, valued at $3,628,991.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,337 shares of company stock valued at $1,491,971. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Five9

Several institutional investors have recently modified their holdings of the business. Norges Bank bought a new position in shares of Five9 during the 4th quarter valued at approximately $79,035,000. Corient Private Wealth LLC grew its holdings in Five9 by 8.4% during the fourth quarter. Corient Private Wealth LLC now owns 6,796 shares of the software maker’s stock valued at $535,000 after purchasing an additional 527 shares during the period. Trexquant Investment LP purchased a new stake in Five9 in the fourth quarter worth $1,364,000. US Bancorp DE lifted its position in shares of Five9 by 1.4% during the 4th quarter. US Bancorp DE now owns 17,032 shares of the software maker’s stock valued at $1,340,000 after buying an additional 228 shares during the last quarter. Finally, Millrace Asset Group Inc. increased its stake in shares of Five9 by 22.2% in the fourth quarter. Millrace Asset Group Inc. now owns 25,763 shares of the software maker’s stock worth $2,027,000 after purchasing an additional 4,682 shares in the last quarter. 96.64% of the stock is owned by institutional investors.

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.