Investors Purchase Large Volume of Call Options on Five9 (NASDAQ:FIVN)

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

Insider Buying and Selling at Five9

In related news, COO Andy Dignan sold 4,109 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $171,961.65. Following the sale, the chief operating officer now directly owns 115,818 shares in the company, valued at $4,846,983.30. This represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total value of $320,683.71. Following the completion of the transaction, the executive vice president now directly owns 69,009 shares in the company, valued at approximately $2,904,588.81. This trade represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock worth $1,209,279 over the last 90 days. Insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

A number of institutional investors have recently made changes to their positions in the business. Signaturefd LLC lifted its holdings in shares of Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after buying an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Five9 in the 2nd quarter valued at about $57,000. FNY Investment Advisers LLC lifted its holdings in shares of Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock valued at $132,000 after buying an additional 2,485 shares during the period. Quest Partners LLC acquired a new position in shares of Five9 in the 3rd quarter valued at about $95,000. Finally, KBC Group NV lifted its holdings in shares of Five9 by 49.2% in the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock valued at $137,000 after buying an additional 1,113 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Price Performance

NASDAQ:FIVN opened at $41.35 on Wednesday. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of -82.70, a PEG ratio of 8.97 and a beta of 0.92. Five9 has a 1 year low of $26.60 and a 1 year high of $79.81. The business has a 50 day simple moving average of $40.60 and a 200-day simple moving average of $36.15. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, November 7th. The software maker reported $0.15 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.43). The firm had revenue of $264.18 million for the quarter, compared to analysts’ expectations of $254.82 million. Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. During the same quarter in the previous year, the business earned ($0.21) earnings per share. Equities analysts forecast that Five9 will post 0.11 EPS for the current year.

Wall Street Analyst Weigh In

FIVN has been the topic of a number of research reports. Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 target price on shares of Five9 in a research report on Tuesday, January 21st. Rosenblatt Securities upped their target price on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and set a $65.00 target price on shares of Five9 in a research report on Tuesday, December 17th. Finally, DA Davidson upped their price target on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.50.

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.