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

Five9, Inc. (NASDAQ:FIVN) was the recipient of unusually large options trading on Tuesday. Stock 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 0.2 %

Shares of FIVN opened at $60.28 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 5.53 and a current ratio of 5.53. Five9 has a one year low of $51.01 and a one year high of $92.40. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of -53.35 and a beta of 0.83. The stock has a 50 day moving average price of $61.58 and a 200 day moving average price of $68.72.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.14. Five9 had a negative return on equity of 12.51% and a negative net margin of 8.98%. The firm had revenue of $239.06 million during the quarter, compared to analysts’ expectations of $237.64 million. Equities research analysts forecast that Five9 will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Andy Dignan sold 7,340 shares of Five9 stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total transaction of $420,435.20. Following the completion of the sale, the chief operating officer now owns 129,559 shares of the company’s stock, valued at $7,421,139.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Large investors have recently made changes to their positions in the company. Arcadia Investment Management Corp MI grew its holdings in Five9 by 46.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after buying an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its holdings in Five9 by 139.5% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after buying an additional 279 shares in the last quarter. Headlands Technologies LLC grew its holdings in Five9 by 136.0% in the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after buying an additional 306 shares in the last quarter. Intrust Bank NA purchased a new stake in Five9 in the 4th quarter valued at $202,000. Finally, Orion Portfolio Solutions LLC grew its holdings in Five9 by 15.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker’s stock valued at $214,000 after buying an additional 452 shares in the last quarter. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on FIVN. Wells Fargo & Company decreased their price target on Five9 from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Five9 in a report on Thursday, February 22nd. Royal Bank of Canada began coverage on Five9 in a report on Friday, March 15th. They issued an “outperform” rating and a $80.00 price target for the company. Canaccord Genuity Group decreased their price target on Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a report on Monday. Finally, Piper Sandler boosted their price target on Five9 from $84.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, January 12th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.13.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.