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

Five9, Inc. (NASDAQ:FIVN - Get Free Report) saw unusually large options trading on Tuesday. Investors bought 8,504 call options on the company. This is an increase of approximately 2,115% compared to the average daily volume of 384 call options.

Insider Buying and Selling

In other Five9 news, CEO Michael Burkland sold 5,475 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total transaction of $154,833.00. Following the transaction, the chief executive officer directly owned 385,987 shares of the company's stock, valued at approximately $10,915,712.36. The trade was a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Panos Kozanian sold 3,816 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 $107,916.48. Following the completion of the transaction, the executive vice president owned 123,218 shares of the company's stock, valued at $3,484,605.04. This trade represents a 3.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,166 shares of company stock valued at $894,534 over the last three months. Insiders own 1.60% of the company's stock.

Institutional Trading of Five9

Large investors have recently made changes to their positions in the stock. Lindbrook Capital LLC boosted its holdings in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after purchasing an additional 520 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Five9 during the 4th quarter valued at $36,000. Johnson Financial Group Inc. purchased a new position in shares of Five9 in the 4th quarter worth $47,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after buying an additional 1,315 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Five9 by 419.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker's stock worth $61,000 after acquiring an additional 1,811 shares during the period. 96.64% of the stock is currently owned by institutional investors.

Five9 Stock Up 3.9%

FIVN stock traded up $1.05 during midday trading on Thursday, hitting $27.78. The company's stock had a trading volume of 441,959 shares, compared to its average volume of 1,846,523. The firm's 50-day moving average is $26.88 and its 200-day moving average is $32.07. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.12. Five9 has a 12 month low of $21.04 and a 12 month high of $49.90. The company has a market cap of $2.12 billion, a PE ratio of -309.08, a P/E/G ratio of 2.54 and a beta of 1.19.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $272.26 million. During the same period in the prior year, the company posted $0.48 earnings per share. The company's quarterly revenue was up 13.2% on a year-over-year basis. On average, equities research analysts forecast that Five9 will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Evercore ISI cut their price objective on Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. KeyCorp started coverage on Five9 in a research report on Friday, June 6th. They set an "overweight" rating and a $35.00 price target on the stock. Royal Bank Of Canada increased their price objective on Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Mizuho lowered their price objective on Five9 from $55.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, William Blair restated an "outperform" rating on shares of Five9 in a report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.