Investors Buy Large Volume of Five9 Call Options (NASDAQ:FIVN)

Key Points

• Investors have shown significant interest in Five9, Inc. (NASDAQ:FIVN), purchasing 8,504 call options, marking a dramatic 2,115% increase over typical volumes.
• Insider selling activity was notable, with Tiffany N. Meriweather and President Andy Dignan selling a combined total of 15,475 shares on September 4th, reflecting a decrease in their ownership.
• Institutional investors own a substantial 96.64% of Five9's stock, with significant increases in holdings noted from firms like Voss Capital and UBS AM, highlighting strong institutional confidence.

Five9, Inc. (NASDAQ:FIVN - Get Free Report) saw some unusual options trading on Tuesday. Investors acquired 8,504 call options on the company. This represents an increase of 2,115% compared to the typical volume of 384 call options.

Insider Buying and Selling

In other news, insider Tiffany N. Meriweather sold 7,861 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $25.72, for a total value of $202,184.92. Following the completion of the sale, the insider directly owned 218,978 shares in the company, valued at approximately $5,632,114.16. This trade represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Andy Dignan sold 7,614 shares of the business's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.48, for a total value of $194,004.72. Following the transaction, the president owned 218,125 shares of the company's stock, valued at $5,557,825. The trade was a 3.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,781 shares of company stock valued at $1,563,724 in the last 90 days. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five9

Several institutional investors have recently bought and sold shares of the company. Voss Capital LP lifted its stake in Five9 by 211.4% in the 2nd quarter. Voss Capital LP now owns 3,250,000 shares of the software maker's stock valued at $86,060,000 after acquiring an additional 2,206,173 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Five9 by 14.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker's stock valued at $74,649,000 after buying an additional 353,939 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Five9 by 292.4% in 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 valued at $72,745,000 after buying an additional 1,996,628 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in shares of Five9 by 14.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker's stock valued at $58,122,000 after buying an additional 266,484 shares during the last quarter. Finally, Armistice Capital LLC boosted its holdings in shares of Five9 by 6.5% in the 1st quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker's stock valued at $56,961,000 after buying an additional 127,793 shares during the last quarter. Institutional investors own 96.64% of the company's stock.

Five9 Trading Up 3.1%

NASDAQ FIVN opened at $23.13 on Wednesday. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 257.03, a PEG ratio of 2.11 and a beta of 1.19. The stock's 50 day moving average price is $24.96 and its two-hundred day moving average price is $25.79. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.44 and a current ratio of 4.44. Five9 has a 52 week low of $20.48 and a 52 week high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. The firm had revenue of $283.27 million for the quarter. Five9 had a return on equity of 8.91% and a net margin of 0.80%. As a group, analysts anticipate that Five9 will post 0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded Five9 from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Zacks Research upgraded Five9 from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Piper Sandler decreased their price objective on Five9 from $36.00 to $31.00 and set an "overweight" rating for the company in a research report on Monday, July 14th. Weiss Ratings reiterated a "sell (d)" rating on shares of Five9 in a research report on Wednesday, October 8th. Finally, Morgan Stanley set a $30.00 price objective on Five9 in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $38.00.

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.

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