Five9, Inc. (NASDAQ:FIVN – Get 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
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:FIVN – Get 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
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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