Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN - Get Free Report) 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.

Five9 Trading Down 1.8%

Shares of Five9 stock opened at $26.74 on Wednesday. The firm has a market capitalization of $2.04 billion, a PE ratio of -133.69, a P/E/G ratio of 9.41 and a beta of 1.23. Five9 has a twelve month low of $21.04 and a twelve month high of $53.62. The firm's 50-day moving average price is $25.98 and its 200 day moving average price is $34.60. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

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

Analyst Ratings Changes

Several research firms have weighed in on FIVN. Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 price target on shares of Five9 in a research report on Tuesday, May 13th. Wells Fargo & Company cut their target price on Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada upped their target price on Five9 from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Jefferies Financial Group dropped their price objective on Five9 from $45.00 to $28.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Finally, UBS Group decreased their price target on Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Five9 has a consensus rating of "Moderate Buy" and a consensus price target of $43.58.

Insider Activity

In related news, CAO Leena Mansharamani sold 1,135 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,165 shares in the company, valued at approximately $1,424,383. This represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Burkland sold 12,595 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the transaction, the chief executive officer now owns 404,056 shares of the company's stock, valued at $14,396,515.28. This represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,574 shares of company stock worth $1,004,346 in the last 90 days. Company insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Five9

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sylebra Capital LLC lifted its position in shares of Five9 by 59.4% during the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock worth $152,228,000 after purchasing an additional 1,396,496 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Five9 by 14.8% in the first quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker's stock valued at $74,649,000 after purchasing an additional 353,939 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Five9 by 292.4% in the first 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 purchasing an additional 1,996,628 shares during the period. Van Berkom & Associates Inc. increased its stake in shares of Five9 by 14.2% during the first quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker's stock worth $58,122,000 after acquiring an additional 266,484 shares during the period. Finally, Armistice Capital LLC increased its stake in shares of Five9 by 6.5% during the first quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker's stock worth $56,961,000 after acquiring an additional 127,793 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.