Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

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

Insiders Place Their Bets

In related news, EVP Panos Kozanian sold 3,816 shares of the company’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total value of $107,916.48. Following the transaction, the executive vice president owned 123,218 shares in the company, valued at $3,484,605.04. The trade was a 3.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Andy Dignan sold 4,845 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.18, for a total transaction of $136,532.10. Following the completion of the transaction, the president owned 227,839 shares in the company, valued at approximately $6,420,503.02. The trade was a 2.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,166 shares of company stock valued at $894,534. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in Five9 during the 4th quarter worth approximately $81,280,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Five9 by 292.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock valued at $72,745,000 after purchasing an additional 1,996,628 shares during the period. Ameriprise Financial Inc. raised its position in shares of Five9 by 353.3% during the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock valued at $97,356,000 after purchasing an additional 1,867,137 shares during the period. Sylebra Capital LLC raised its position in shares of Five9 by 59.4% during the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock valued at $152,228,000 after purchasing an additional 1,396,496 shares during the period. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Five9 during the 4th quarter valued at $51,061,000. Institutional investors own 96.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $36.00 target price on shares of Five9 in a research note on Tuesday, May 13th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Five9 in a research report on Wednesday, April 2nd. Royal Bank Of Canada upped their price target on Five9 from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Mizuho lowered their price target on Five9 from $55.00 to $42.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Finally, Evercore ISI lowered their price target on Five9 from $55.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Five9 presently has a consensus rating of “Moderate Buy” and an average price target of $43.15.

Five9 Trading Up 0.5%

Shares of Five9 stock opened at $26.61 on Wednesday. Five9 has a 1-year low of $21.04 and a 1-year high of $49.90. The company’s fifty day simple moving average is $26.81 and its 200-day simple moving average is $32.11. The stock has a market capitalization of $2.03 billion, a PE ratio of -295.63, a P/E/G ratio of 2.52 and a beta of 1.19. 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) 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 6.06% and a negative net margin of 0.48%. 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. As a group, equities analysts anticipate that Five9 will post 0.28 earnings per share 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.