Five9, Inc. (NASDAQ:FIVN – Get Free Report) saw unusually large options trading activity on Tuesday. Stock traders acquired 8,504 call options on the stock. This represents an increase of 2,115% compared to the average volume of 384 call options.
Five9 Trading Down 1.0 %
NASDAQ FIVN opened at $37.46 on Wednesday. Five9 has a twelve month low of $26.60 and a twelve month high of $81.24. The business’s fifty day moving average is $40.28 and its 200 day moving average is $36.41. 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 company has a market cap of $2.82 billion, a price-to-earnings ratio of -74.92, a price-to-earnings-growth ratio of 28.33 and a beta of 0.92.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on FIVN shares. DA Davidson upped their price target on shares of Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Piper Sandler upped their target price on Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. Needham & Company LLC raised their target price on shares of Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Robert W. Baird boosted their target price on shares of Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.18.
Insider Transactions at Five9
In related news, CAO Leena Mansharamani sold 1,346 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the completion of the sale, the chief accounting officer now directly owns 35,526 shares of the company’s stock, valued at approximately $1,468,289.58. This trade represents a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $42.09, for a total value of $320,683.71. Following the completion of the transaction, the executive vice president now directly owns 69,009 shares in the company, valued at approximately $2,904,588.81. This represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock worth $1,209,279 in the last ninety days. Insiders own 1.80% of the company’s stock.
Institutional Trading of Five9
A number of hedge funds have recently made changes to their positions in the company. Signaturefd LLC increased its stake in shares of Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after buying an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Five9 during the 2nd quarter worth approximately $57,000. FNY Investment Advisers LLC increased its position in Five9 by 324.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock valued at $132,000 after acquiring an additional 2,485 shares during the period. Quest Partners LLC bought a new position in shares of Five9 during the third quarter valued at $95,000. Finally, nVerses Capital LLC acquired a new position in shares of Five9 during the third quarter worth $141,000. 96.64% of the stock is owned by institutional investors and hedge funds.
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.
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