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

Five9, Inc. (NASDAQ:FIVN) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 8,504 call options on the stock. This is an increase of approximately 2,115% compared to the average daily volume of 384 call options.

Five9 Price Performance

Shares of FIVN opened at $26.74 on Wednesday. The firm has a market cap of $2.04 billion, a PE ratio of -133.69, a P/E/G ratio of 9.41 and a beta of 1.23. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a fifty day simple moving average of $25.98 and a two-hundred day simple moving average of $34.60. Five9 has a 1-year low of $21.04 and a 1-year high of $53.62.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The company had revenue of $279.71 million for the quarter, compared to analysts’ expectations of $272.26 million. During the same period last year, the firm earned $0.48 EPS. Five9’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts anticipate that Five9 will post 0.28 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Morgan Stanley reduced their target price on shares of Five9 from $48.00 to $28.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Needham & Company LLC dropped their target price on shares of Five9 from $52.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Mizuho dropped their target price on shares of Five9 from $55.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Royal Bank of Canada boosted their price target on shares of Five9 from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Finally, UBS Group lowered their target price on shares of Five9 from $55.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.58.

Insider Buying and Selling

In other news, CEO Michael Burkland sold 12,595 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the transaction, the chief executive officer now directly owns 404,056 shares in the company, valued at approximately $14,396,515.28. This trade represents a 3.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Leena Mansharamani sold 1,135 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $34,277.00. Following the transaction, the chief accounting officer now directly owns 47,165 shares in the company, valued at approximately $1,424,383. The trade was a 2.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,574 shares of company stock valued at $1,004,346. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FIVN. Lindbrook Capital LLC grew its position in 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 acquiring an additional 520 shares in the last quarter. Banque Transatlantique SA bought a new stake in Five9 in the fourth quarter worth about $36,000. Johnson Financial Group Inc. bought a new stake in Five9 in the fourth quarter worth about $47,000. Steward Partners Investment Advisory LLC raised its stake in shares of Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Five9 by 419.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker’s stock valued at $61,000 after acquiring an additional 1,811 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

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.