Five9 Target of Unusually Large Options Trading (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) was the target of some unusual options trading activity on Tuesday. Traders purchased 8,504 call options on the company. This represents an increase of 2,115% compared to the average volume of 384 call options.

Insider Activity at Five9

In related news, COO Andy Dignan sold 4,109 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $171,961.65. Following the completion of the sale, the chief operating officer now owns 115,818 shares in the company, valued at approximately $4,846,983.30. This trade represents a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total value of $320,683.71. Following the transaction, the executive vice president now owns 69,009 shares in the company, valued at $2,904,588.81. This represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,004 shares of company stock worth $1,209,279. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Five9

Hedge funds and other institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Five9 by 14.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock worth $47,919,000 after buying an additional 210,836 shares in the last quarter. Vestcor Inc raised its stake in Five9 by 42.9% in the third quarter. Vestcor Inc now owns 50,000 shares of the software maker’s stock valued at $1,437,000 after purchasing an additional 15,000 shares in the last quarter. Fisher Asset Management LLC raised its stake in Five9 by 14.9% in the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock valued at $21,891,000 after purchasing an additional 98,543 shares in the last quarter. Barclays PLC raised its stake in Five9 by 215.8% in the third quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock valued at $6,956,000 after purchasing an additional 165,487 shares in the last quarter. Finally, Lecap Asset Management Ltd. acquired a new position in Five9 in the third quarter valued at about $1,714,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price target on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Needham & Company LLC restated a “buy” rating and set a $52.00 price target on shares of Five9 in a research note on Tuesday, January 21st. DA Davidson boosted their price target on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Piper Sandler boosted their price target on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald began coverage on Five9 in a report on Friday, January 17th. They set an “overweight” rating and a $46.00 price objective on the stock. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.50.

Five9 Price Performance

Shares of FIVN opened at $41.35 on Wednesday. The stock has a market capitalization of $3.11 billion, a P/E ratio of -82.70, a P/E/G ratio of 8.97 and a beta of 0.92. Five9 has a twelve month low of $26.60 and a twelve month high of $79.81. The company has a 50 day moving average of $40.60 and a 200-day moving average of $36.15. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, November 7th. The software maker reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.43). Five9 had a negative net margin of 3.66% and a negative return on equity of 1.53%. The firm had revenue of $264.18 million during the quarter, compared to the consensus estimate of $254.82 million. During the same period in the prior year, the business posted ($0.21) earnings per share. As a group, equities research analysts forecast that Five9 will post 0.11 EPS for the current fiscal year.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.