Five9 Target of Unusually Large Options Trading (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) was the target of some unusual options trading on Tuesday. Stock investors bought 8,504 call options on the company. This is an increase of approximately 2,115% compared to the average volume of 384 call options.

Insider Activity

In related news, CAO Leena Mansharamani sold 1,395 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total value of $42,561.45. Following the completion of the sale, the chief accounting officer now owns 36,872 shares in the company, valued at approximately $1,124,964.72. This trade represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the sale, the chief financial officer now directly owns 101,732 shares in the company, valued at $2,743,712.04. This trade represents a 4.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,493 shares of company stock valued at $1,097,753. Insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC grew its position 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Five9 during the second quarter valued at about $57,000. Quest Partners LLC purchased a new position in shares of Five9 during the 3rd quarter valued at $95,000. nVerses Capital LLC purchased a new stake in shares of Five9 in the 3rd quarter valued at about $141,000. Finally, Quent Capital LLC increased its holdings in shares of Five9 by 8.7% in the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after buying an additional 352 shares during the last quarter. 96.64% of the stock is owned by institutional investors.

Five9 Trading Up 1.7 %

NASDAQ FIVN opened at $37.68 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The business has a 50 day moving average price of $30.55 and a 200-day moving average price of $38.27. The company has a market cap of $2.83 billion, a price-to-earnings ratio of -75.36, a P/E/G ratio of 22.98 and a beta of 0.85. Five9 has a 52 week low of $26.60 and a 52 week high of $92.40.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FIVN shares. DA Davidson upped their price target on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Roth Mkm cut their target price on shares of Five9 from $90.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, August 9th. StockNews.com raised shares of Five9 from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Barclays cut their price target on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price target on shares of Five9 in a research note on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.22.

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.