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

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays raised their target price on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Royal Bank of Canada restated an “outperform” rating and issued a $65.00 price target on shares of Five9 in a report on Wednesday, March 19th. William Blair reaffirmed an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Needham & Company LLC reissued a “buy” rating and set a $52.00 price objective on shares of Five9 in a report on Monday, March 17th. Finally, Piper Sandler raised their price objective on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Five9 has a consensus rating of “Moderate Buy” and a consensus target price of $56.76.

Insider Buying and Selling at Five9

In other Five9 news, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the sale, the chief executive officer now owns 404,056 shares in the company, valued at $14,396,515.28. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the sale, the executive vice president now directly owns 126,359 shares in the company, valued at $4,220,390.60. This represents a 5.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,874 shares of company stock worth $985,446. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Five9

Hedge funds and other institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA boosted its stake in Five9 by 14.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock worth $47,919,000 after purchasing an additional 210,836 shares in the last quarter. Gagnon Securities LLC raised its holdings in Five9 by 10.4% in the fourth quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker’s stock worth $14,878,000 after buying an additional 34,597 shares during the last quarter. Vestcor Inc lifted its stake in shares of Five9 by 42.9% in the third quarter. Vestcor Inc now owns 50,000 shares of the software maker’s stock worth $1,437,000 after buying an additional 15,000 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Five9 by 14.9% during the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock valued at $21,891,000 after buying an additional 98,543 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Five9 by 215.8% during the third quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock valued at $6,956,000 after acquiring an additional 165,487 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

Five9 Stock Performance

FIVN stock opened at $30.72 on Wednesday. The business has a 50 day moving average of $37.00 and a 200-day moving average of $35.81. The company has a quick ratio of 1.85, a current 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 firm has a market cap of $2.33 billion, a PE ratio of -153.59, 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. As a group, sell-side analysts expect that Five9 will post 0.28 earnings per share for the current year.

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.