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

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Wells Fargo & Company lowered shares of Five9 from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. Cantor Fitzgerald assumed coverage on shares of Five9 in a research report on Friday, January 17th. They issued an “overweight” rating and a $46.00 price objective on the stock. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Five9 in a research report on Tuesday, December 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Five9 in a research report on Tuesday, January 21st. Six research 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 company has an average rating of “Moderate Buy” and an average price target of $57.50.

Insider Buying and Selling

In related news, CFO Barry Zwarenstein sold 3,336 shares of the business’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 $139,611.60. Following the transaction, the chief financial officer now directly owns 98,396 shares in the company, valued at approximately $4,117,872.60. The trade was a 3.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Leena Mansharamani sold 1,346 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the transaction, the chief accounting officer now owns 35,526 shares in the company, valued at approximately $1,468,289.58. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,004 shares of company stock worth $1,209,279. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Five9

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC grew its stake in Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after buying an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Five9 in the 2nd quarter worth approximately $57,000. Quest Partners LLC purchased a new position in Five9 in the 3rd quarter worth approximately $95,000. FNY Investment Advisers LLC grew its stake in Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock worth $132,000 after buying an additional 2,485 shares in the last quarter. Finally, KBC Group NV grew its stake in Five9 by 49.2% in the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock worth $137,000 after buying an additional 1,113 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Stock Performance

Five9 stock opened at $41.35 on Wednesday. The firm’s 50 day simple moving average is $40.60 and its 200 day simple moving average is $36.15. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $3.11 billion, a PE ratio of -82.70, a price-to-earnings-growth ratio of 8.97 and a beta of 0.92. Five9 has a 1-year low of $26.60 and a 1-year high of $79.81.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, November 7th. The software maker reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.43). Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. The firm had revenue of $264.18 million for the quarter, compared to the consensus estimate of $254.82 million. During the same period last year, the company posted ($0.21) EPS. As a group, analysts expect that Five9 will post 0.11 earnings per share for the current fiscal 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.