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

Five9, Inc. (NASDAQ:FIVN) was the recipient of unusually large options trading on Tuesday. Stock 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 Buying and Selling

In related news, COO Andy Dignan sold 4,245 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.26, for a total transaction of $128,453.70. Following the completion of the sale, the chief operating officer now directly owns 119,927 shares of the company’s stock, valued at approximately $3,628,991.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Five9 news, EVP Panos Kozanian sold 7,617 shares of Five9 stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total transaction of $228,662.34. Following the completion of the sale, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at $2,300,372.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Andy Dignan sold 4,245 shares of Five9 stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.26, for a total value of $128,453.70. Following the sale, the chief operating officer now directly owns 119,927 shares of the company’s stock, valued at approximately $3,628,991.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 39,130 shares of company stock valued at $1,212,594. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five9

A number of large investors have recently bought and sold shares of FIVN. Signaturefd LLC raised its holdings 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 purchasing an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Five9 in the second quarter valued at approximately $57,000. nVerses Capital LLC purchased a new position in shares of Five9 in the third quarter valued at approximately $141,000. Quent Capital LLC lifted its position in shares of Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after acquiring an additional 352 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new position in shares of Five9 in the first quarter valued at approximately $226,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FIVN. BTIG Research cut their price target on Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Wells Fargo & Company cut their price target on Five9 from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday. Northland Securities cut their price target on Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Morgan Stanley cut their price target on Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Finally, StockNews.com upgraded Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Five9 Stock Performance

Shares of FIVN stock opened at $29.99 on Thursday. The stock has a market cap of $2.22 billion, a PE ratio of -35.28 and a beta of 0.85. The business has a 50-day simple moving average of $30.04 and a 200-day simple moving average of $41.58. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39. Five9 has a 52-week low of $26.60 and a 52-week high of $92.40.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.14. The business had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $244.54 million. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. On average, equities analysts expect that Five9 will post -0.09 EPS for the current 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.