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

Five9, Inc. (NASDAQ:FIVN) saw some unusual options trading on Tuesday. Traders acquired 8,504 call options on the company. This is an increase of approximately 2,115% compared to the typical daily volume of 384 call options.

Wall Street Analyst Weigh In

Several research firms have recently commented on FIVN. Morgan Stanley set a $30.00 price objective on Five9 in a research note on Tuesday. Wall Street Zen raised Five9 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Piper Sandler decreased their target price on Five9 from $36.00 to $31.00 and set an “overweight” rating on the stock in a research note on Monday, July 14th. Rosenblatt Securities reissued a “buy” rating and set a $36.00 target price on shares of Five9 in a research note on Friday, August 1st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Five9 in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Five9 Price Performance

FIVN stock opened at $22.89 on Thursday. Five9 has a 52 week low of $20.48 and a 52 week high of $49.90. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 1.04. The company has a fifty day simple moving average of $24.90 and a two-hundred day simple moving average of $25.77. The firm has a market capitalization of $1.77 billion, a P/E ratio of 254.36, a price-to-earnings-growth ratio of 2.18 and a beta of 1.19.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. Five9 had a net margin of 0.80% and a return on equity of 8.91%. The business had revenue of $283.27 million during the quarter. Analysts anticipate that Five9 will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Michael Burkland sold 18,425 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.72, for a total value of $473,891.00. Following the transaction, the chief executive officer owned 367,562 shares of the company’s stock, valued at $9,453,694.64. This trade represents a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Andy Dignan sold 7,614 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.48, for a total value of $194,004.72. Following the completion of the transaction, the president directly owned 218,125 shares in the company, valued at $5,557,825. This trade represents a 3.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,781 shares of company stock valued at $1,563,724 in the last 90 days. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Five9

Institutional investors and hedge funds have recently modified their holdings of the stock. Voss Capital LP boosted its holdings in Five9 by 211.4% during the 2nd quarter. Voss Capital LP now owns 3,250,000 shares of the software maker’s stock valued at $86,060,000 after acquiring an additional 2,206,173 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Five9 by 292.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock valued at $72,745,000 after acquiring an additional 1,996,628 shares during the period. Norges Bank purchased a new position in Five9 during the 2nd quarter valued at $39,056,000. Federated Hermes Inc. boosted its holdings in Five9 by 124,372.3% during the 2nd quarter. Federated Hermes Inc. now owns 830,230 shares of the software maker’s stock valued at $21,984,000 after acquiring an additional 829,563 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its holdings in Five9 by 254.2% during the 1st quarter. Segall Bryant & Hamill LLC now owns 763,310 shares of the software maker’s stock valued at $20,724,000 after acquiring an additional 547,794 shares during the period. Hedge funds and other institutional investors own 96.64% of the company’s stock.

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.