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

Five9, Inc. (NASDAQ:FIVN) was the recipient of some unusual options trading activity on Tuesday. Traders bought 8,504 call options on the company. This represents an increase of approximately 2,115% compared to the typical daily volume of 384 call options.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FIVN. Cantor Fitzgerald started coverage on shares of Five9 in a research report on Friday, January 17th. They set an “overweight” rating and a $46.00 price objective for the company. Wells Fargo & Company downgraded Five9 from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $55.00 to $40.00 in a research report on Tuesday, November 12th. Truist Financial restated a “buy” rating and issued a $65.00 price target on shares of Five9 in a research report on Tuesday, December 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 price objective on shares of Five9 in a research report on Tuesday, January 21st. Finally, Piper Sandler boosted their price objective on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $57.50.

Insider Activity

In other Five9 news, COO Andy Dignan sold 4,109 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total transaction of $171,961.65. Following the transaction, the chief operating officer now owns 115,818 shares in the company, valued at approximately $4,846,983.30. This represents a 3.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total transaction of $320,683.71. Following the sale, the executive vice president now directly owns 69,009 shares in the company, valued at approximately $2,904,588.81. The trade was a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock worth $1,209,279 over the last 90 days. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Five9

Several large investors have recently added to or reduced their stakes in FIVN. Signaturefd LLC lifted its stake in shares of Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares during the last quarter. Lindbrook Capital LLC lifted 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 buying an additional 520 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in 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 worth $54,000 after buying an additional 1,315 shares during the period. Quest Partners LLC bought a new position in Five9 during the third quarter valued at $95,000. Finally, Venturi Wealth Management LLC increased its position in Five9 by 3,955.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after acquiring an additional 2,571 shares during the last quarter. 96.64% of the stock is owned by institutional investors.

Five9 Stock Performance

Five9 stock opened at $41.20 on Thursday. The company’s 50-day moving average price is $40.73 and its 200-day moving average price is $35.91. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a market cap of $3.10 billion, a PE ratio of -82.40, a price-to-earnings-growth ratio of 9.48 and a beta of 0.93. Five9 has a twelve month low of $26.60 and a twelve month high of $77.21.

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.