Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

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

Analyst Ratings Changes

FIVN has been the subject of several recent analyst reports. William Blair reissued an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Piper Sandler boosted 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. Morgan Stanley lowered their target price on Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Barclays upped their price target on shares of Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Wells Fargo & Company cut their target price on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $52.76.

Insider Transactions at Five9

In other Five9 news, CEO Michael Burkland sold 12,595 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the transaction, the chief executive officer now owns 404,056 shares of the company's stock, valued at $14,396,515.28. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the transaction, the executive vice president now directly owns 126,359 shares of the company's stock, valued at approximately $4,220,390.60. This represents a 5.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,574 shares of company stock valued at $1,004,346. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five9

Several hedge funds have recently bought and sold shares of FIVN. Gagnon Securities LLC boosted its holdings in Five9 by 10.4% in the 4th quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker's stock valued at $14,878,000 after purchasing an additional 34,597 shares during the period. Barclays PLC raised its position in shares of Five9 by 215.8% in the third quarter. Barclays PLC now owns 242,187 shares of the software maker's stock worth $6,956,000 after buying an additional 165,487 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Five9 during the fourth quarter valued at $268,000. Janney Montgomery Scott LLC grew its position in Five9 by 25.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 35,372 shares of the software maker's stock worth $1,438,000 after buying an additional 7,140 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in 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 acquiring an additional 1,315 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company's stock.

Five9 Stock Up 3.1 %

Shares of NASDAQ FIVN opened at $22.25 on Wednesday. Five9 has a 52-week low of $21.04 and a 52-week high of $60.81. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The company's 50 day moving average price is $30.06 and its 200-day moving average price is $35.13. The company has a market capitalization of $1.69 billion, a P/E ratio of -111.24, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Equities analysts forecast that Five9 will post 0.28 earnings per share for the current year.

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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