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

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

Insider Transactions at Five9

In other news, CFO Barry Zwarenstein sold 3,336 shares of the stock in a transaction on Wednesday, December 4th. The stock was 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 of the company’s stock, valued at approximately $4,117,872.60. This represents a 3.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Andy Dignan sold 4,109 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total value of $171,961.65. Following the completion of the sale, the chief operating officer now directly owns 115,818 shares in the company, valued at $4,846,983.30. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,004 shares of company stock valued at $1,209,279. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Five9

Large investors have recently modified their holdings of the company. Sylebra Capital LLC grew its holdings in shares of Five9 by 28.4% during the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after buying an additional 666,681 shares during the last quarter. Potrero Capital Research LLC acquired a new position in shares of Five9 during the third quarter valued at about $15,610,000. Loomis Sayles & Co. L P acquired a new position in shares of Five9 during the third quarter valued at about $11,211,000. Scalar Gauge Management LLC grew its holdings in shares of Five9 by 191.7% during the third quarter. Scalar Gauge Management LLC now owns 462,291 shares of the software maker’s stock valued at $13,282,000 after buying an additional 303,791 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Five9 by 2.4% during the third quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock valued at $320,620,000 after buying an additional 259,820 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FIVN. Cantor Fitzgerald began coverage on Five9 in a research note on Friday, January 17th. They issued an “overweight” rating and a $46.00 price objective on the stock. Piper Sandler raised 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Five9 in a research note on Tuesday, January 21st. Morgan Stanley raised their price objective on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Finally, Robert W. Baird lifted their price target on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Five9 has a consensus rating of “Moderate Buy” and a consensus target price of $57.50.

Five9 Trading Up 3.8 %

Shares of FIVN stock opened at $41.35 on Wednesday. The company has a market cap of $3.11 billion, a P/E ratio of -82.70, a PEG ratio of 8.97 and a beta of 0.92. The stock has a 50 day simple moving average of $40.60 and a two-hundred day simple moving average of $36.15. 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 has a fifty-two week low of $26.60 and a fifty-two week high of $79.81.

Five9 (NASDAQ:FIVN) last issued 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). The business had revenue of $264.18 million during the quarter, compared to the consensus estimate of $254.82 million. Five9 had a negative return on equity of 1.53% and a negative net margin of 3.66%. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. Research analysts forecast that Five9 will post 0.11 earnings per share for the current year.

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.