Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN - Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Investors purchased 8,504 call options on the stock. This is an increase of approximately 2,115% compared to the typical daily volume of 384 call options.

Five9 Stock Performance

FIVN stock traded down $1.49 during trading hours on Wednesday, reaching $41.24. The stock had a trading volume of 1,708,435 shares, compared to its average volume of 1,513,089. The stock has a 50-day simple moving average of $36.10 and a 200 day simple moving average of $36.66. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $81.72. The stock has a market capitalization of $3.10 billion, a PE ratio of -82.48, a price-to-earnings-growth ratio of 28.88 and a beta of 0.92. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FIVN. Piper Sandler boosted their target price on Five9 from $35.00 to $46.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Needham & Company LLC boosted their price objective on Five9 from $48.00 to $52.00 and gave the stock a "buy" rating in a report on Monday. Rosenblatt Securities upped their target price on shares of Five9 from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Morgan Stanley lifted their price target on shares of Five9 from $40.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, Truist Financial restated a "buy" rating and issued a $65.00 price objective on shares of Five9 in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $58.18.

Insider Buying and Selling at Five9

In other Five9 news, COO Andy Dignan sold 4,109 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $171,961.65. Following the sale, the chief operating officer now directly owns 115,818 shares in the company, valued at $4,846,983.30. This represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Burkland sold 12,594 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total transaction of $521,391.60. Following the completion of the sale, the chief executive officer now owns 240,894 shares in the company, valued at $9,973,011.60. This represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock valued at $1,209,279 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five9

A number of large investors have recently added to or reduced their stakes in FIVN. Scalar Gauge Management LLC bought a new position in Five9 in the 2nd quarter valued at about $6,990,000. Massachusetts Financial Services Co. MA grew its position in shares of Five9 by 14.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker's stock valued at $47,919,000 after purchasing an additional 210,836 shares during the last quarter. King Luther Capital Management Corp bought a new position in shares of Five9 during the second quarter worth approximately $2,062,000. Van Berkom & Associates Inc. lifted its holdings in Five9 by 52.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker's stock worth $57,307,000 after purchasing an additional 446,151 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Five9 by 14.9% in the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker's stock valued at $21,891,000 after purchasing an additional 98,543 shares during the period. 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.