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

Five9, Inc. (NASDAQ:FIVN - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock traders bought 8,504 call options on the company. This represents an increase of approximately 2,115% compared to the typical volume of 384 call options.

Five9 Stock Down 0.7 %

Shares of FIVN traded down $0.16 during midday trading on Friday, hitting $23.07. The stock had a trading volume of 1,518,499 shares, compared to its average volume of 1,600,221. The company has a 50 day simple moving average of $32.71 and a two-hundred day simple moving average of $35.47. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9 has a twelve month low of $21.04 and a twelve month high of $60.81. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -115.34, a price-to-earnings-growth ratio of 9.41 and a beta of 1.29.

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 during the quarter, compared to the consensus estimate of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. On average, analysts anticipate that Five9 will post 0.28 EPS for the current year.

Insider Activity at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the sale, the chief accounting officer now directly owns 47,165 shares in the company, valued at approximately $1,424,383. This trade represents a 2.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Burkland sold 12,595 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were 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 of the company's stock, valued at $14,396,515.28. The trade was a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,574 shares of company stock worth $1,004,346 in the last quarter. Corporate insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Five9

Several large investors have recently added to or reduced their stakes in FIVN. Mirador Capital Partners LP lifted its position in shares of Five9 by 15.9% during the 1st quarter. Mirador Capital Partners LP now owns 32,106 shares of the software maker's stock worth $872,000 after buying an additional 4,399 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Five9 by 3,107.9% during the 1st quarter. GAMMA Investing LLC now owns 11,837 shares of the software maker's stock valued at $321,000 after buying an additional 11,468 shares in the last quarter. Moody National Bank Trust Division bought a new position in Five9 during the first quarter valued at approximately $423,000. Wellington Management Group LLP increased its holdings in shares of Five9 by 50.9% in the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker's stock worth $72,496,000 after buying an additional 601,348 shares during the period. Finally, Menard Financial Group LLC purchased a new position in shares of Five9 in the 4th quarter valued at approximately $206,000. Institutional investors and hedge funds own 96.64% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FIVN. Needham & Company LLC restated a "buy" rating and set a $52.00 price target on shares of Five9 in a research report on Friday, April 4th. Truist Financial restated a "buy" rating and set a $65.00 target price on shares of Five9 in a research note on Tuesday, December 17th. Barclays raised their price objective on shares of Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. William Blair reissued an "outperform" rating on shares of Five9 in a report on Thursday, March 13th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $65.00 target price on shares of Five9 in a research note on Wednesday, March 19th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, Five9 has a consensus rating of "Moderate Buy" and an average 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.