Traders Buy Large Volume of Five9 Call Options (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVNGet Free Report) saw unusually large options trading activity on Tuesday. Investors purchased 8,504 call options on the stock. This represents an increase of 2,115% compared to the average daily volume of 384 call options.

Insider Buying and Selling

In other Five9 news, CAO Leena Mansharamani sold 2,938 shares of the business’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $27.83, for a total value of $81,764.54. Following the completion of the sale, the chief accounting officer directly owned 44,901 shares of the company’s stock, valued at $1,249,594.83. The trade was a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Bryan M. Lee sold 1,798 shares of the business’s stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total transaction of $50,847.44. Following the completion of the sale, the chief financial officer directly owned 126,468 shares of the company’s stock, valued at $3,576,515.04. This represents a 1.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,866 shares of company stock valued at $913,042 in the last three months. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five9

A number of institutional investors have recently made changes to their positions in FIVN. Steward Partners Investment Advisory LLC boosted its holdings in Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after purchasing an additional 1,315 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Five9 by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 465,702 shares of the software maker’s stock worth $18,926,000 after purchasing an additional 8,445 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Five9 during the 4th quarter worth $1,004,000. Raymond James Financial Inc. purchased a new position in shares of Five9 during the 4th quarter worth $11,671,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Five9 by 10.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker’s stock worth $156,000 after acquiring an additional 365 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FIVN. Jefferies Financial Group lowered their price target on shares of Five9 from $45.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, April 28th. KeyCorp began coverage on shares of Five9 in a research note on Friday, June 6th. They issued an “overweight” rating and a $35.00 price target for the company. UBS Group lowered their price target on shares of Five9 from $55.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Piper Sandler lowered their price target on shares of Five9 from $36.00 to $31.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $36.00 price objective on shares of Five9 in a research note on Tuesday, May 13th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.05.

Check Out Our Latest Stock Report on Five9

Five9 Price Performance

FIVN stock opened at $25.86 on Wednesday. Five9 has a 1 year low of $21.04 and a 1 year high of $49.90. The company has a market cap of $1.97 billion, a P/E ratio of -287.30, a PEG ratio of 2.50 and a beta of 1.19. The firm has a 50-day moving average of $27.32 and a 200 day moving average of $31.08. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.02 and a quick ratio of 2.02.

Five9 (NASDAQ:FIVNGet Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.14. Five9 had a negative net margin of 0.48% and a positive return on equity of 6.06%. The business had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. During the same quarter last year, the firm earned $0.48 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, sell-side analysts forecast that Five9 will post 0.28 EPS for the current year.

Five9 Company Profile

(Get Free Report)

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.

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