Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Morgan Stanley boosted their price objective on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Wells Fargo & Company lowered shares of Five9 from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $55.00 to $40.00 in a report on Tuesday, November 12th. Cantor Fitzgerald upped their price target on shares of Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, Piper Sandler upped their price target on shares of Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.65.

Five9 Trading Down 7.3 %

Shares of Five9 stock opened at $38.73 on Wednesday. The firm has a 50-day simple moving average of $40.55 and a two-hundred day simple moving average of $35.84. The company has a market cap of $2.91 billion, a P/E ratio of -193.64, a price-to-earnings-growth ratio of 9.41 and a beta of 0.93. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $64.60. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The firm had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. As a group, equities analysts predict that Five9 will post 0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael Burkland sold 12,594 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total transaction of $521,391.60. Following the sale, the chief executive officer now directly owns 240,894 shares of the company’s stock, valued at $9,973,011.60. The trade was a 4.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Barry Zwarenstein sold 3,336 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total transaction of $139,611.60. Following the sale, the chief financial officer now directly owns 98,396 shares in the company, valued at $4,117,872.60. This trade represents a 3.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,004 shares of company stock valued at $1,209,279. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its position in shares of Five9 by 14.5% during 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 during the last quarter. Gagnon Securities LLC raised its position in shares of Five9 by 10.4% during the 4th quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker’s stock worth $14,878,000 after purchasing an additional 34,597 shares during the last quarter. Vestcor Inc raised its position in shares of Five9 by 42.9% during the 3rd quarter. Vestcor Inc now owns 50,000 shares of the software maker’s stock worth $1,437,000 after purchasing an additional 15,000 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Five9 by 14.9% during the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock worth $21,891,000 after purchasing an additional 98,543 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Five9 by 215.8% during the 3rd quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock worth $6,956,000 after purchasing an additional 165,487 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

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.