Investors Buy Large Volume of Five9 Call Options (NASDAQ:FIVN)

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

Five9 Trading Down 1.6 %

Shares of FIVN stock opened at $33.10 on Wednesday. Five9 has a 1 year low of $28.75 and a 1 year high of $92.40. The company has a debt-to-equity ratio of 2.41, a current ratio of 7.02 and a quick ratio of 7.02. The stock’s 50 day simple moving average is $40.34 and its two-hundred day simple moving average is $51.32. The company has a market cap of $2.45 billion, a PE ratio of -38.94 and a beta of 0.82.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FIVN shares. Wells Fargo & Company dropped their price objective on Five9 from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Robert W. Baird lowered Five9 from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $90.00 to $40.00 in a research note on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $47.00 price objective on shares of Five9 in a research note on Wednesday, August 21st. Baird R W lowered Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Roth Mkm dropped their price objective on Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.35.

Insider Activity

In other Five9 news, EVP Panos Kozanian sold 6,893 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total transaction of $319,145.90. Following the sale, the executive vice president now owns 94,477 shares in the company, valued at approximately $4,374,285.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Five9 news, EVP Panos Kozanian sold 6,893 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $319,145.90. Following the completion of the sale, the executive vice president now owns 94,477 shares in the company, valued at approximately $4,374,285.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Burkland sold 12,386 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total value of $573,471.80. Following the completion of the transaction, the chief executive officer now owns 266,083 shares in the company, valued at $12,319,642.90. The disclosure for this sale can be found here. Insiders have sold a total of 53,385 shares of company stock valued at $2,418,755 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIVN. Arcadia Investment Management Corp MI raised its position in Five9 by 46.8% during 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. raised 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 purchasing an additional 279 shares during the period. Headlands Technologies LLC raised 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 purchasing an additional 306 shares during the period. Quent Capital LLC raised its position in Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after purchasing an additional 352 shares during the period. Finally, Intrust Bank NA purchased a new stake in shares of Five9 in the fourth quarter worth approximately $202,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

About Five9

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.