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

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

Insiders Place Their Bets

In other Five9 news, CEO Michael Burkland sold 12,595 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the sale, the chief executive officer now directly owns 404,056 shares in the company, valued at $14,396,515.28. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the transaction, the executive vice president now directly owns 126,359 shares of the company's stock, valued at $4,220,390.60. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,574 shares of company stock valued at $1,004,346. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Five9

Several institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC lifted its position in Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after purchasing an additional 520 shares during the period. Banque Transatlantique SA purchased a new stake in Five9 during the fourth quarter valued at $36,000. Johnson Financial Group Inc. purchased a new stake in Five9 during the fourth quarter valued at $47,000. Steward Partners Investment Advisory LLC lifted its holdings in Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after acquiring an additional 1,315 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after purchasing an additional 2,571 shares during the last quarter. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FIVN. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. Rosenblatt Securities restated a "buy" rating and set a $36.00 price objective on shares of Five9 in a research note on Friday, May 2nd. Needham & Company LLC lowered their price objective on Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Piper Sandler raised their price objective on Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, UBS Group lowered their price objective on Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Five9 presently has an average rating of "Moderate Buy" and a consensus target price of $43.58.

Five9 Trading Up 4.6%

Shares of FIVN traded up $1.22 during trading hours on Monday, hitting $27.74. The company had a trading volume of 183,276 shares, compared to its average volume of 1,656,993. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a market cap of $2.12 billion, a P/E ratio of -139.03, a P/E/G ratio of 9.41 and a beta of 1.23. Five9 has a 52-week low of $21.04 and a 52-week high of $55.45. The stock's 50 day moving average price is $26.44 and its 200 day moving average price is $34.74.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $279.71 million during the quarter, compared to analysts' expectations of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. On average, research analysts predict that Five9 will post 0.28 EPS for the current year.

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.