Investors Buy Large Volume of Five9 Call Options (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 8,504 call options on the stock. This represents an increase of 2,115% compared to the average daily volume of 384 call options.

Five9 Stock Down 3.5 %

Shares of FIVN opened at $41.24 on Thursday. The business’s fifty day moving average price is $36.36 and its two-hundred day moving average price is $36.69. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of -82.48, a PEG ratio of 28.88 and a beta of 0.92. Five9 has a 52 week low of $26.60 and a 52 week high of $81.72. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

Insider Activity at Five9

In related news, EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 69,009 shares of the company’s stock, valued at $2,904,588.81. This trade represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Leena Mansharamani sold 1,346 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were 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 in the company, valued at $1,468,289.58. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,004 shares of company stock worth $1,209,279 in the last ninety days. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Five9

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sylebra Capital LLC boosted its stake in shares of Five9 by 28.4% in the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after purchasing an additional 666,681 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Five9 by 347.4% in the second quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock valued at $33,213,000 after acquiring an additional 584,800 shares during the last quarter. Potrero Capital Research LLC acquired a new stake in Five9 during the 3rd quarter worth $15,610,000. Van Berkom & Associates Inc. grew its holdings in Five9 by 52.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after acquiring an additional 446,151 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Five9 by 38.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock valued at $64,257,000 after acquiring an additional 406,188 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Needham & Company LLC lifted their price objective on Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a report on Monday. DA Davidson boosted 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. Robert W. Baird upped their price target on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Morgan Stanley lifted their price objective on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Rosenblatt Securities upped their target price on shares of Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $58.18.

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.