Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

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

Analyst Upgrades and Downgrades

FIVN has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price objective on shares of Five9 in a research report on Friday, February 21st. Morgan Stanley boosted their price objective on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Cantor Fitzgerald raised their price target on Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price target on shares of Five9 in a research note on Tuesday, December 17th. Finally, William Blair reaffirmed an “outperform” rating on shares of Five9 in a research note on Friday, February 21st. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $57.65.

Five9 Stock Down 0.2 %

NASDAQ FIVN opened at $29.59 on Thursday. The stock’s 50 day moving average is $38.67 and its 200 day moving average is $35.88. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9 has a 12 month low of $26.60 and a 12 month high of $63.79. The stock has a market cap of $2.24 billion, a PE ratio of -147.94, a P/E/G ratio of 9.41 and a beta of 1.01.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $278.66 million during the quarter, compared to analysts’ expectations of $267.70 million. Research analysts predict that Five9 will post 0.28 EPS for the current fiscal year.

Insider Activity at Five9

In other news, CAO Leena Mansharamani sold 1,517 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $50,409.91. Following the completion of the transaction, the chief accounting officer now owns 48,300 shares of the company’s stock, valued at approximately $1,605,009. The trade was a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the transaction, the executive vice president now directly owns 126,359 shares of the company’s stock, valued at $4,220,390.60. The trade was a 5.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,039 shares of company stock worth $930,029. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

A number of large investors have recently added to or reduced their stakes in FIVN. FMR LLC increased its position in shares of Five9 by 2.4% during the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock valued at $320,620,000 after purchasing an additional 259,820 shares during the last quarter. Sylebra Capital LLC boosted its holdings in Five9 by 59.4% during the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock valued at $152,228,000 after acquiring an additional 1,396,496 shares during the period. Ameriprise Financial Inc. boosted its holdings in Five9 by 353.3% during the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock valued at $97,356,000 after acquiring an additional 1,867,137 shares during the period. Norges Bank purchased a new position in Five9 during the 4th quarter valued at $81,280,000. Finally, Wellington Management Group LLP boosted its holdings in Five9 by 50.9% during the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after acquiring an additional 601,348 shares during the period. Institutional investors own 96.64% of the company’s stock.

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.