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

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

Analysts Set New Price Targets

A number of research firms have commented on FIVN. Piper Sandler reissued an “overweight” rating and issued a $47.00 price target on shares of Five9 in a research note on Wednesday, August 21st. StockNews.com raised Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Truist Financial reaffirmed a “buy” rating and set a $65.00 price target on shares of Five9 in a research note on Tuesday, August 27th. Bank of America upgraded Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Monday, August 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $48.00 target price on shares of Five9 in a research report on Wednesday, August 21st. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.35.

Five9 Price Performance

Shares of Five9 stock opened at $27.78 on Thursday. The company’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 firm has a market cap of $2.08 billion, a PE ratio of -32.68 and a beta of 0.86. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39.

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

Insider Activity

In other news, COO Andy Dignan sold 4,245 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were 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 in the company, valued at $3,628,991.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Andy Dignan sold 4,245 shares of the stock in a transaction 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 sale, the chief operating officer now owns 119,927 shares in the company, valued at $3,628,991.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Leena Mansharamani sold 1,395 shares of Five9 stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total value of $42,561.45. Following the sale, the chief accounting officer now directly owns 36,872 shares of the company’s stock, valued at approximately $1,124,964.72. The disclosure for this sale can be found here. Insiders have sold a total of 45,337 shares of company stock worth $1,491,971 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

A number of large investors have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Five9 in the 2nd quarter worth about $57,000. Quent Capital LLC lifted its holdings in shares of Five9 by 8.7% during the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after buying an additional 352 shares during the period. Cetera Advisors LLC purchased a new position in shares of Five9 in the 1st quarter worth $226,000. ProShare Advisors LLC bought a new stake in shares of Five9 in the first quarter worth $247,000. Finally, Edgestream Partners L.P. purchased a new stake in Five9 during the first quarter valued at $264,000. 96.64% of the stock is currently owned by institutional investors.

About Five9

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.