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

Five9, Inc. (NASDAQ:FIVN) saw some unusual options trading on Tuesday. Stock investors purchased 8,504 call options on the company. This is an increase of 2,115% compared to the typical volume of 384 call options.

Insider Buying and Selling at Five9

In other news, COO Andy Dignan sold 7,340 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total value of $420,435.20. Following the completion of the sale, the chief operating officer now directly owns 129,559 shares in the company, valued at $7,421,139.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FIVN. Assenagon Asset Management S.A. raised its position in Five9 by 84.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 837,856 shares of the software maker’s stock valued at $65,931,000 after purchasing an additional 383,002 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Five9 by 3.2% during the third quarter. Vanguard Group Inc. now owns 7,236,249 shares of the software maker’s stock worth $465,291,000 after buying an additional 227,183 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Five9 by 966.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 348,536 shares of the software maker’s stock valued at $22,411,000 after purchasing an additional 315,867 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Five9 by 11.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 819,615 shares of the software maker’s stock valued at $52,701,000 after purchasing an additional 81,744 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Five9 by 7.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 382,237 shares of the software maker’s stock valued at $30,078,000 after purchasing an additional 25,075 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FIVN. UBS Group lowered their price objective on Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Barclays lowered their price objective on Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd. Wells Fargo & Company lowered their price objective on Five9 from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Rosenblatt Securities restated a “buy” rating and set a $80.00 target price on shares of Five9 in a report on Friday, May 3rd. Finally, Canaccord Genuity Group reduced their target price on Five9 from $90.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.88.

Five9 Trading Up 1.4 %

Shares of Five9 stock opened at $56.45 on Wednesday. Five9 has a 12-month low of $51.01 and a 12-month high of $92.40. The stock has a market cap of $4.17 billion, a P/E ratio of -66.41 and a beta of 0.85. The company has a quick ratio of 7.02, a current ratio of 7.02 and a debt-to-equity ratio of 2.41. The business’s 50 day moving average is $59.73 and its 200-day moving average is $68.46.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. The company had revenue of $239.06 million for the quarter, compared to analysts’ expectations of $237.64 million. Equities research analysts predict that Five9 will post -0.42 earnings per share for the current fiscal year.

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.