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

Five9, Inc. (NASDAQ:FIVN) was the target of some unusual options trading activity on Tuesday. Investors acquired 8,504 call options on the company. This represents an increase of 2,115% compared to the average volume of 384 call options.

Five9 Price Performance

Shares of NASDAQ:FIVN opened at $29.70 on Thursday. Five9 has a 52 week low of $26.60 and a 52 week high of $63.79. The company has a 50-day moving average price of $36.85 and a 200 day moving average price of $35.77. The company has a market cap of $2.25 billion, a P/E ratio of -148.49, a PEG ratio of 9.41 and a beta of 1.01. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results 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). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $278.66 million during the quarter, compared to analysts’ expectations of $267.70 million. Research analysts predict that Five9 will post 0.28 earnings per share for the current year.

Insider Activity

In other Five9 news, CAO Leena Mansharamani sold 1,135 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the sale, the chief accounting officer now directly owns 47,165 shares in the company, valued at $1,424,383. This trade represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the sale, the chief executive officer now directly owns 404,056 shares of the company’s stock, valued at $14,396,515.28. This trade represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,874 shares of company stock worth $985,446. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Five9

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in Five9 during the fourth quarter worth about $81,280,000. Ameriprise Financial Inc. boosted its stake 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 worth $97,356,000 after acquiring an additional 1,867,137 shares in the last quarter. Sylebra Capital LLC grew its holdings in shares of Five9 by 59.4% in the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock worth $152,228,000 after acquiring an additional 1,396,496 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in Five9 in the 4th quarter valued at approximately $51,061,000. Finally, Wellington Management Group LLP raised its holdings in Five9 by 50.9% during the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock worth $72,496,000 after purchasing an additional 601,348 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FIVN has been the subject of several recent analyst reports. Rosenblatt Securities restated a “buy” rating and set a $58.00 price objective on shares of Five9 in a research report on Thursday, March 20th. Morgan Stanley boosted their price target on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Cantor Fitzgerald raised their price objective on Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. William Blair reissued an “outperform” rating on shares of Five9 in a report on Thursday, March 13th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $65.00 price target on shares of Five9 in a research note on Wednesday, March 19th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.76.

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.