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

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

Analyst Ratings Changes

A number of research analysts have weighed in on FIVN shares. Morgan Stanley reduced their price target on shares of Five9 from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company dropped their price objective on shares of Five9 from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. Barclays dropped their price objective on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Five9 in a research note on Thursday, February 22nd. Finally, Piper Sandler lifted their price objective on shares of Five9 from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, January 12th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Five9 currently has an average rating of “Moderate Buy” and an average target price of $86.13.

Insider Buying and Selling at Five9

In other Five9 news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total transaction of $420,435.20. Following the transaction, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The sale was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Five9

A number of hedge funds have recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI boosted its holdings in shares of Five9 by 46.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after acquiring an additional 144 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Five9 by 139.5% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after acquiring an additional 279 shares during the period. Headlands Technologies LLC boosted its holdings in shares of Five9 by 136.0% during the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after acquiring an additional 306 shares during the period. Intrust Bank NA acquired a new position in shares of Five9 during the fourth quarter valued at $202,000. Finally, Inceptionr LLC acquired a new position in shares of Five9 during the fourth quarter valued at $215,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Stock Performance

Five9 stock opened at $60.14 on Wednesday. The company has a market cap of $4.44 billion, a PE ratio of -53.22 and a beta of 0.83. The company has a fifty day moving average price of $61.90 and a two-hundred day moving average price of $68.78. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.53 and a quick ratio of 5.53. Five9 has a 12 month low of $51.01 and a 12 month high of $92.40.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. The firm had revenue of $239.06 million during the quarter, compared to the consensus estimate of $237.64 million. Five9 had a negative net margin of 8.98% and a negative return on equity of 12.51%. Research analysts expect that Five9 will post -0.42 earnings per share for the current year.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.