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

Five9, Inc. (NASDAQ:FIVN) was the recipient of unusually large options trading activity on Tuesday. Investors bought 8,504 call options on the company. This represents an increase of 2,115% compared to the typical volume of 384 call options.

Insider Transactions at Five9

In related news, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the sale, the chief accounting officer now directly owns 47,165 shares of the company’s stock, valued at approximately $1,424,383. This represents a 2.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Andy Dignan sold 2,840 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $94,373.20. Following the completion of the sale, the chief operating officer now directly owns 194,201 shares of the company’s stock, valued at approximately $6,453,299.23. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,874 shares of company stock worth $985,446 over the last three months. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Five9

Several hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in shares of Five9 by 10.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker’s stock worth $156,000 after purchasing an additional 365 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Five9 by 2.0% during the fourth quarter. Arizona State Retirement System now owns 21,694 shares of the software maker’s stock worth $882,000 after buying an additional 424 shares in the last quarter. Lindbrook Capital LLC lifted its stake in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after purchasing an additional 520 shares during the period. Xponance Inc. lifted its stake in shares of Five9 by 6.1% during the 4th quarter. Xponance Inc. now owns 9,421 shares of the software maker’s stock worth $383,000 after purchasing an additional 539 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Five9 by 1.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker’s stock worth $1,325,000 after purchasing an additional 590 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Stock Performance

Shares of Five9 stock opened at $30.72 on Wednesday. The firm has a market capitalization of $2.33 billion, a P/E ratio of -153.59, a P/E/G ratio of 9.41 and a beta of 1.01. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9 has a 52 week low of $26.60 and a 52 week high of $63.79. The firm’s 50 day moving average is $37.00 and its two-hundred day moving average is $35.81.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The firm had revenue of $278.66 million during 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%. Research analysts forecast that Five9 will post 0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

FIVN has been the topic of a number of recent research reports. Piper Sandler upped their price target on shares of Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price target on shares of Five9 in a report on Tuesday, December 17th. Morgan Stanley boosted their price objective on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. William Blair reaffirmed an “outperform” rating on shares of Five9 in a research note on Thursday, March 13th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $52.00 target price on shares of Five9 in a report on Monday, March 17th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and an average target price of $56.76.

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.