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

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

Insider Transactions at Five9

In other news, COO Andy Dignan sold 4,109 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $171,961.65. Following the sale, the chief operating officer now directly owns 115,818 shares in the company, valued at approximately $4,846,983.30. The trade was a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Burkland sold 12,594 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total value 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 trade represents a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,004 shares of company stock worth $1,209,279 over the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Five9

Hedge funds have recently modified their holdings of the business. Signaturefd LLC grew its holdings in shares of Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker's stock worth $30,000 after buying an additional 984 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after buying an additional 520 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Five9 in the fourth quarter valued at approximately $47,000. Steward Partners Investment Advisory LLC lifted its position in shares of 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 buying an additional 1,315 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in Five9 during the 3rd quarter worth approximately $95,000. Institutional investors and hedge funds own 96.64% of the company's stock.

Five9 Stock Down 3.3 %

Shares of NASDAQ FIVN traded down $1.39 during mid-day trading on Friday, reaching $40.12. 866,980 shares of the company's stock were exchanged, compared to its average volume of 1,154,628. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of -80.24, a PEG ratio of 9.48 and a beta of 0.93. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The business has a fifty day simple moving average of $40.65 and a 200 day simple moving average of $35.88. Five9 has a twelve month low of $26.60 and a twelve month high of $77.21.

Wall Street Analyst Weigh In

Several analysts have recently commented on FIVN shares. Rosenblatt Securities increased their target price on Five9 from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Needham & Company LLC restated a "buy" rating and set a $52.00 target price on shares of Five9 in a report on Tuesday, January 21st. Cantor Fitzgerald started coverage on Five9 in a report on Friday, January 17th. They set an "overweight" rating and a $46.00 target price on the stock. Morgan Stanley increased their target price on Five9 from $40.00 to $46.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. Finally, Truist Financial restated a "buy" rating and set a $65.00 target price on shares of Five9 in a report on Tuesday, December 17th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Five9 presently has an average rating of "Moderate Buy" and a consensus price target of $57.50.

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.