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

Five9, Inc. (NASDAQ:FIVN) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 8,504 call options on the company. This is an increase of 2,115% compared to the typical daily volume of 384 call options.

Insiders Place Their Bets

In other Five9 news, COO Andy Dignan sold 2,840 shares of Five9 stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $94,373.20. Following the transaction, the chief operating officer now directly owns 194,201 shares of the company’s stock, valued at approximately $6,453,299.23. The trade was a 1.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the sale, the executive vice president now directly owns 126,359 shares of the company’s stock, valued at approximately $4,220,390.60. The trade was a 5.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,039 shares of company stock valued at $930,029 in the last ninety days. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five9

A number of hedge funds have recently added to or reduced their stakes in FIVN. PNC Financial Services Group Inc. lifted its holdings in shares of Five9 by 10.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker’s stock valued at $156,000 after purchasing an additional 365 shares in the last quarter. Arizona State Retirement System increased its position in shares of Five9 by 2.0% during the fourth quarter. Arizona State Retirement System now owns 21,694 shares of the software maker’s stock valued at $882,000 after buying an additional 424 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after buying an additional 520 shares in the last quarter. Xponance Inc. boosted its position in shares of Five9 by 6.1% in the fourth quarter. Xponance Inc. now owns 9,421 shares of the software maker’s stock valued at $383,000 after acquiring an additional 539 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in Five9 by 1.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker’s stock valued at $1,325,000 after acquiring an additional 590 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FIVN. Wells Fargo & Company downgraded shares of Five9 from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. Morgan Stanley boosted their target price on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Cantor Fitzgerald upped their price target on shares of Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Barclays lifted their price objective on Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $52.00 target price on shares of Five9 in a research report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and an average price target of $57.65.

Five9 Stock Performance

NASDAQ FIVN opened at $29.66 on Wednesday. The company has a market cap of $2.25 billion, a P/E ratio of -148.29, a PEG ratio of 9.41 and a beta of 1.01. The company has a fifty day simple moving average of $38.89 and a 200 day simple moving average of $35.93. 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.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The business had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. Sell-side analysts predict that Five9 will post 0.28 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, 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.