Five9 Sees Unusually High Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN - Get Free Report) saw unusually large options trading on Tuesday. Stock investors 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.

Insiders Place Their Bets

In related news, CAO Leena Mansharamani sold 1,135 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the sale, the chief accounting officer now directly owns 47,165 shares in the company, valued at approximately $1,424,383. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Burkland sold 12,594 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $27.17, for a total transaction of $342,178.98. Following the transaction, the chief executive officer now directly owns 391,462 shares in the company, valued at approximately $10,636,022.54. This represents a 3.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,701 shares of company stock valued at $968,851 in the last quarter. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five9

Several hedge funds and other institutional investors have recently bought and sold shares of FIVN. Quantinno Capital Management LP bought a new stake in shares of Five9 in the 4th quarter worth approximately $287,000. Royal Bank of Canada grew its position in Five9 by 6.0% in the fourth quarter. Royal Bank of Canada now owns 369,001 shares of the software maker's stock worth $14,997,000 after buying an additional 20,775 shares during the last quarter. Barclays PLC increased its holdings in shares of Five9 by 215.8% in the third quarter. Barclays PLC now owns 242,187 shares of the software maker's stock valued at $6,956,000 after buying an additional 165,487 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Five9 in the fourth quarter valued at $268,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Five9 by 25.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 35,372 shares of the software maker's stock valued at $1,438,000 after acquiring an additional 7,140 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors.

Five9 Stock Performance

NASDAQ:FIVN traded up $0.60 during mid-day trading on Friday, hitting $29.15. The stock had a trading volume of 2,017,687 shares, compared to its average volume of 1,694,877. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a 50 day simple moving average of $25.42 and a 200-day simple moving average of $33.82. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -145.74, a P/E/G ratio of 9.41 and a beta of 1.20. Five9 has a 52 week low of $21.04 and a 52 week high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. During the same period in the previous year, the firm posted $0.48 earnings per share. The business's revenue was up 13.2% on a year-over-year basis. On average, research analysts expect that Five9 will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

FIVN has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a report on Wednesday, April 2nd. Evercore ISI decreased their price objective on shares of Five9 from $55.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company dropped their price objective on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, KeyCorp assumed coverage on shares of Five9 in a research note on Friday. They issued an "overweight" rating and a $35.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.15.

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.