Five9 Sees Unusually High Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) was the recipient of some unusual options trading on Tuesday. Investors purchased 8,504 call options on the company. This is an increase of 2,115% compared to the typical volume of 384 call options.

Insider Activity at Five9

In other Five9 news, CEO Michael Burkland sold 12,386 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $573,471.80. Following the completion of the sale, the chief executive officer now owns 266,083 shares in the company, valued at $12,319,642.90. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Five9 news, CEO Michael Burkland sold 12,386 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $573,471.80. Following the completion of the sale, the chief executive officer now owns 266,083 shares in the company, valued at $12,319,642.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Barry Zwarenstein sold 10,291 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $42.64, for a total value of $438,808.24. Following the completion of the sale, the chief financial officer now owns 107,255 shares of the company’s stock, valued at approximately $4,573,353.20. The disclosure for this sale can be found here. Insiders sold 44,541 shares of company stock valued at $2,024,537 over the last three months. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five9

Institutional investors have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI grew its holdings in Five9 by 46.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after purchasing an additional 144 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its position in Five9 by 139.5% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after buying an additional 279 shares in the last quarter. Headlands Technologies LLC lifted its position in Five9 by 136.0% during the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after buying an additional 306 shares in the last quarter. Intrust Bank NA acquired a new position in Five9 during the fourth quarter valued at approximately $202,000. Finally, Inceptionr LLC acquired a new position in Five9 during the fourth quarter valued at approximately $215,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Five9 Price Performance

Five9 stock opened at $43.13 on Wednesday. Five9 has a 1 year low of $39.07 and a 1 year high of $92.40. The firm has a 50 day moving average price of $48.81 and a 200 day moving average price of $61.80. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.13. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. The firm had revenue of $247.01 million during the quarter, compared to the consensus estimate of $239.72 million. As a group, sell-side analysts forecast that Five9 will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FIVN shares. Wells Fargo & Company cut their price target on Five9 from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, June 10th. UBS Group cut their price target on Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Royal Bank of Canada started coverage on Five9 in a research note on Friday, March 15th. They set an “outperform” rating and a $80.00 price target for the company. Rosenblatt Securities restated a “buy” rating and set a $80.00 price target on shares of Five9 in a research note on Friday, May 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Five9 in a research note on Thursday, June 6th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $82.71.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.