Traders Purchase Large Volume of Five9 Call Options (NASDAQ:FIVN)

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

Insider Activity

In other Five9 news, CAO Leena Mansharamani sold 1,346 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total value of $55,630.18. Following the transaction, the chief accounting officer now owns 35,526 shares in the company, valued at approximately $1,468,289.58. This represents a 3.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Burkland sold 12,594 shares of Five9 stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total transaction of $521,391.60. Following the sale, the chief executive officer now directly owns 240,894 shares of the company’s stock, valued at $9,973,011.60. This trade represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock worth $1,209,279 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

A number of hedge funds have recently modified their holdings of FIVN. Signaturefd LLC raised its stake in shares of Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Five9 in the 2nd quarter valued at $57,000. Quest Partners LLC acquired a new position in shares of Five9 in the 3rd quarter valued at $95,000. FNY Investment Advisers LLC lifted its holdings in shares of Five9 by 324.8% during the 4th quarter. FNY Investment Advisers LLC now owns 3,250 shares of the software maker’s stock worth $132,000 after acquiring an additional 2,485 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Five9 during the 3rd quarter valued at about $141,000. Institutional investors own 96.64% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on FIVN. Robert W. Baird increased their price objective on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. DA Davidson raised their price target on shares of Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $55.00 to $40.00 in a report on Tuesday, November 12th. Morgan Stanley raised their target price on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Finally, Piper Sandler upped their price target on Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.18.

Five9 Stock Performance

Shares of NASDAQ FIVN traded up $0.13 during mid-day trading on Thursday, hitting $37.31. The company had a trading volume of 257,597 shares, compared to its average volume of 822,749. Five9 has a 12 month low of $26.60 and a 12 month high of $81.24. The firm has a market cap of $2.81 billion, a P/E ratio of -74.60, a PEG ratio of 8.57 and a beta of 0.92. The business’s 50-day simple moving average is $40.40 and its 200-day simple moving average is $36.42. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

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.