Five9 Sees Unusually High Options Volume (NASDAQ:FIVN)

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

Insider Activity

In other Five9 news, COO Andy Dignan sold 2,840 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $94,373.20. Following the sale, the chief operating officer now directly owns 194,201 shares of the company's stock, valued at approximately $6,453,299.23. This represents a 1.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Leena Mansharamani sold 1,135 shares of Five9 stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the sale, the chief accounting officer now directly owns 47,165 shares of the company's stock, valued at approximately $1,424,383. This trade represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,874 shares of company stock worth $985,446. Corporate insiders own 1.80% of the company's stock.

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Hedge Funds Weigh In On Five9

Several hedge funds have recently bought and sold shares of FIVN. Natixis Advisors LLC purchased a new stake in Five9 during the 3rd quarter worth about $679,000. Quest Partners LLC acquired a new position in shares of Five9 in the third quarter valued at approximately $95,000. Intech Investment Management LLC acquired a new position in Five9 in the 3rd quarter valued at $281,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Five9 by 14.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker's stock worth $47,919,000 after purchasing an additional 210,836 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of Five9 by 14.9% during the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker's stock worth $21,891,000 after purchasing an additional 98,543 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company's stock.

Five9 Stock Performance

NASDAQ:FIVN traded down $1.57 during mid-day trading on Friday, reaching $27.75. The stock had a trading volume of 1,386,058 shares, compared to its average volume of 1,559,395. Five9 has a twelve month low of $26.60 and a twelve month high of $63.30. 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 firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of -138.74, a PEG ratio of 9.41 and a beta of 1.01. The business has a 50 day simple moving average of $36.51 and a 200 day simple moving average of $35.78.

Five9 (NASDAQ:FIVN - Get Free Report) last released 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). The firm had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. On average, analysts expect that Five9 will post 0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $58.00 price target on shares of Five9 in a report on Thursday, March 20th. Barclays boosted their target price on Five9 from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Needham & Company LLC restated a "buy" rating and issued a $52.00 price objective on shares of Five9 in a research note on Monday, March 17th. Royal Bank of Canada restated an "outperform" rating and set a $65.00 price target on shares of Five9 in a research note on Wednesday, March 19th. Finally, William Blair reaffirmed an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $56.76.

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.