Five9 Target of Unusually Large Options Trading (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 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.

Analyst Upgrades and Downgrades

FIVN has been the topic of several recent research reports. UBS Group reduced their target price on shares of Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Piper Sandler lifted their target price on shares of Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. William Blair reiterated an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. Barclays reduced their price target on Five9 from $60.00 to $33.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Finally, Morgan Stanley dropped their price objective on Five9 from $48.00 to $28.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $43.15.

Five9 Stock Down 0.6%

Shares of Five9 stock traded down $0.17 during trading on Thursday, reaching $27.36. The stock had a trading volume of 1,406,936 shares, compared to its average volume of 1,695,855. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -303.97, a P/E/G ratio of 2.61 and a beta of 1.20. The stock has a fifty day moving average price of $26.07 and a two-hundred day moving average price of $33.14. Five9 has a 52 week low of $21.04 and a 52 week high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly 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 positive return on equity of 6.06% and a negative net margin of 0.48%. The firm had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. During the same quarter in the prior year, the firm posted $0.48 EPS. The business's revenue was up 13.2% on a year-over-year basis. Sell-side analysts predict that Five9 will post 0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael Burkland sold 5,475 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total transaction of $154,833.00. Following the transaction, the chief executive officer now owns 385,987 shares of the company's stock, valued at $10,915,712.36. This represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bryan M. Lee sold 1,798 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total value of $50,847.44. Following the completion of the transaction, the chief financial officer now owns 126,468 shares in the company, valued at approximately $3,576,515.04. This represents a 1.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,866 shares of company stock valued at $913,434 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five9

Large investors have recently modified their holdings of the business. Acadian Asset Management LLC bought a new stake in Five9 during the first quarter worth about $1,029,000. Bayforest Capital Ltd acquired a new position in shares of Five9 during the 1st quarter worth approximately $127,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of 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 worth $72,745,000 after purchasing an additional 1,996,628 shares in the last quarter. Petrus Trust Company LTA acquired a new stake in shares of Five9 in the 1st quarter valued at approximately $224,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Five9 by 0.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 209,538 shares of the software maker's stock valued at $5,689,000 after buying an additional 1,070 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

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.