Investors Purchase High Volume of Call Options on Five9 (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) saw unusually large options trading on Tuesday. Stock traders bought 8,504 call options on the stock. This represents an increase of approximately 2,115% compared to the average daily volume of 384 call options.

Five9 Stock Up 1.3 %

Shares of NASDAQ FIVN opened at $30.69 on Wednesday. Five9 has a 12-month low of $26.60 and a 12-month high of $92.40. The stock’s fifty day simple moving average is $29.39 and its two-hundred day simple moving average is $39.64. The stock has a market capitalization of $2.29 billion, a PE ratio of -42.63 and a beta of 0.85. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39.

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

Insider Buying and Selling

In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the sale, the chief financial officer now directly owns 101,732 shares in the company, valued at $2,743,712.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Panos Kozanian sold 7,617 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value of $228,662.34. Following the completion of the sale, the executive vice president now owns 76,628 shares in the company, valued at approximately $2,300,372.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Barry Zwarenstein sold 4,408 shares of Five9 stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the transaction, the chief financial officer now directly owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,493 shares of company stock worth $1,097,753. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Institutional investors have recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after acquiring an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Five9 in the second quarter worth $57,000. nVerses Capital LLC purchased a new position in Five9 in the third quarter worth $141,000. Quent Capital LLC increased its position in shares of Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after purchasing an additional 352 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new stake in shares of Five9 during the 1st quarter valued at $226,000. 96.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Baird R W lowered Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. BTIG Research cut their price objective on Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Robert W. Baird lowered Five9 from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $90.00 to $40.00 in a research note on Friday, August 9th. Roth Mkm lowered 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. Finally, Rosenblatt Securities dropped their target price on shares of Five9 from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Five9 presently has an average rating of “Moderate Buy” and an average price target of $62.00.

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.