Stock Traders Purchase High Volume of Five9 Call Options (NASDAQ:FIVN)

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

Five9 Stock Down 0.6 %

Shares of FIVN traded down $0.17 during trading hours on Wednesday, reaching $29.99. The stock had a trading volume of 1,231,499 shares, compared to its average volume of 1,459,927. The firm has a 50-day simple moving average of $30.04 and a 200 day simple moving average of $41.58. Five9 has a 12 month low of $26.60 and a 12 month high of $92.40. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -35.28 and a beta of 0.85.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The company had revenue of $252.09 million during the quarter, compared to the consensus estimate of $244.54 million. Equities research analysts predict that Five9 will post -0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Barry Zwarenstein sold 4,408 shares of the firm's 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 sale, the chief financial officer now directly owns 101,732 shares in the company, valued at approximately $2,743,712.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Five9 news, EVP Panos Kozanian sold 7,617 shares of the company's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total value of $228,662.34. Following the completion of the transaction, the executive vice president now owns 76,628 shares of the company's stock, valued at $2,300,372.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Barry Zwarenstein sold 4,408 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the completion of the transaction, the chief financial officer now owns 101,732 shares of the company's stock, valued at $2,743,712.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,130 shares of company stock valued at $1,212,594. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Signaturefd LLC raised its position in Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker's stock valued at $30,000 after buying an additional 984 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Five9 during the second quarter valued at about $57,000. nVerses Capital LLC purchased a new position in Five9 during the third quarter worth about $141,000. Quent Capital LLC grew its position in Five9 by 8.7% in the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker's stock worth $193,000 after purchasing an additional 352 shares in the last quarter. Finally, Cetera Advisors LLC bought a new stake in Five9 in the 1st quarter worth about $226,000. Hedge funds and other institutional investors own 96.64% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Five9 from $45.00 to $37.00 and set an "equal weight" rating for the company in a report on Tuesday, October 15th. Rosenblatt Securities cut their price target on shares of Five9 from $80.00 to $70.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $48.00 price objective on shares of Five9 in a research note on Wednesday, August 21st. Robert W. Baird downgraded shares of Five9 from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $90.00 to $40.00 in a research report on Friday, August 9th. Finally, Wells Fargo & Company dropped their price target on shares of Five9 from $65.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $62.00.

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.