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

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

Five9 Stock Up 2.6 %

Five9 stock traded up $0.79 during midday trading on Wednesday, hitting $31.48. 1,616,461 shares of the stock were exchanged, compared to its average volume of 1,450,045. Five9 has a 52-week low of $26.60 and a 52-week high of $92.40. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39. The business's 50-day moving average price is $29.39 and its 200-day moving average price is $39.64. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of -42.63 and a beta of 0.85.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.20) by $0.14. The business had revenue of $252.09 million for the quarter, compared to analyst estimates of $244.54 million. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. On average, research analysts expect that Five9 will post -0.09 EPS for the current fiscal year.

Insider Activity at Five9

In related news, CFO Barry Zwarenstein sold 4,408 shares of Five9 stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the transaction, the chief financial officer now directly owns 101,732 shares of the company's stock, valued at $2,743,712.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Barry Zwarenstein sold 4,408 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total value of $118,883.76. Following the sale, the chief financial officer now directly owns 101,732 shares of the company's stock, valued at $2,743,712.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Daniel P. Burkland sold 2,605 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $33.41, for a total value of $87,033.05. Following the transaction, the executive now directly owns 132,554 shares of the company's stock, valued at approximately $4,428,629.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,493 shares of company stock valued at $1,097,753 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Five9

Large investors have recently bought and sold shares of the company. Signaturefd LLC raised its holdings in Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker's stock valued at $30,000 after acquiring an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Five9 during the 2nd quarter valued at $57,000. Cetera Advisors LLC purchased a new stake in Five9 during the 1st quarter worth about $226,000. ProShare Advisors LLC purchased a new stake in Five9 during the 1st quarter worth about $247,000. Finally, Edgestream Partners L.P. bought a new position in Five9 in the 1st quarter worth about $264,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on FIVN. Truist Financial reissued a "buy" rating and set a $65.00 target price on shares of Five9 in a report on Tuesday, August 27th. Roth Mkm decreased their price objective on Five9 from $90.00 to $67.00 and set a "buy" rating for the company in a report on Friday, August 9th. Piper Sandler reaffirmed an "overweight" rating and set a $47.00 target price on shares of Five9 in a report on Wednesday, August 21st. Bank of America upgraded Five9 from an "underperform" rating to a "buy" rating and set a $63.00 price target on the stock in a research report on Monday, August 5th. Finally, Robert W. Baird lowered Five9 from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $90.00 to $40.00 in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $62.00.

Five9 Company Profile

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.