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

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

Five9 Price Performance

Shares of Five9 stock traded down $0.28 on Wednesday, hitting $37.18. The company's stock had a trading volume of 735,707 shares, compared to its average volume of 887,067. The company has a market capitalization of $2.80 billion, a P/E ratio of -74.36, a price-to-earnings-growth ratio of 28.33 and a beta of 0.92. Five9 has a 52-week low of $26.60 and a 52-week high of $81.24. The firm has a fifty day moving average price of $40.40 and a 200-day moving average price of $36.42. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered shares of Five9 from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $55.00 to $40.00 in a research report on Tuesday, November 12th. Truist Financial reaffirmed a "buy" rating and issued a $65.00 target price on shares of Five9 in a report on Tuesday, December 17th. Morgan Stanley increased their price target on shares of Five9 from $40.00 to $46.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. Piper Sandler lifted their price objective on Five9 from $35.00 to $46.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Finally, Robert W. Baird increased their target price on Five9 from $40.00 to $43.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Five9 currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.18.

Insider Transactions at Five9

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total transaction of $320,683.71. Following the completion of the sale, the executive vice president now directly owns 69,009 shares of the company's stock, valued at approximately $2,904,588.81. This trade represents a 9.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Leena Mansharamani sold 1,346 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total value of $55,630.18. Following the completion of the transaction, the chief accounting officer now owns 35,526 shares in the company, valued at $1,468,289.58. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,004 shares of company stock worth $1,209,279. Insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Five9

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Scalar Gauge Management LLC purchased a new position in shares of Five9 during the 2nd quarter worth approximately $6,990,000. Massachusetts Financial Services Co. MA grew its holdings in 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 valued at $47,919,000 after buying an additional 210,836 shares during the last quarter. King Luther Capital Management Corp purchased a new position in Five9 during the second quarter worth $2,062,000. Vestcor Inc increased its position in Five9 by 42.9% during the third quarter. Vestcor Inc now owns 50,000 shares of the software maker's stock worth $1,437,000 after buying an additional 15,000 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Five9 by 14.9% in the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker's stock worth $21,891,000 after acquiring an additional 98,543 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.

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.