Five9 Sees Unusually High Options Volume (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 1.9 %

Shares of NASDAQ:FIVN opened at $38.01 on Thursday. Five9 has a 52-week low of $26.60 and a 52-week high of $63.79. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of -190.02, a PEG ratio of 9.41 and a beta of 0.93. 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 $40.47 and a 200-day moving average price of $35.89.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). The company had revenue of $278.66 million for the quarter, compared to analysts’ expectations of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. Equities analysts predict that Five9 will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FIVN shares. Piper Sandler boosted their target price on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Cantor Fitzgerald boosted their target price on Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Needham & Company LLC reissued a “buy” rating and set a $52.00 target price on shares of Five9 in a research report on Friday, February 21st. Rosenblatt Securities boosted their target price on Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company downgraded Five9 from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $55.00 to $40.00 in a research report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $57.65.

Insider Activity

In related news, CEO Michael Burkland sold 12,594 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total value of $521,391.60. Following the transaction, the chief executive officer now directly owns 240,894 shares of the company’s stock, valued at approximately $9,973,011.60. The trade was a 4.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total value of $320,683.71. Following the completion of the sale, the executive vice president now directly owns 69,009 shares in the company, valued at approximately $2,904,588.81. The trade was a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,004 shares of company stock valued at $1,209,279 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its position in Five9 by 14.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock valued at $47,919,000 after acquiring an additional 210,836 shares in the last quarter. Gagnon Securities LLC grew its holdings in Five9 by 10.4% in the fourth quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker’s stock valued at $14,878,000 after purchasing an additional 34,597 shares during the period. Vestcor Inc grew its holdings in Five9 by 42.9% in the third quarter. Vestcor Inc now owns 50,000 shares of the software maker’s stock valued at $1,437,000 after purchasing an additional 15,000 shares during the period. Fisher Asset Management LLC grew its holdings in Five9 by 14.9% in the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock valued at $21,891,000 after purchasing an additional 98,543 shares during the period. Finally, Barclays PLC grew its holdings in Five9 by 215.8% in the third quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock valued at $6,956,000 after purchasing an additional 165,487 shares during the period. 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, 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.