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

Five9, Inc. (NASDAQ:FIVN) saw unusually large options trading on Tuesday. Stock investors acquired 8,504 call options on the stock. This is an increase of 2,115% compared to the average volume of 384 call options.

Analysts Set New Price Targets

FIVN has been the subject of several research reports. Truist Financial reiterated a “buy” rating and issued a $65.00 target price on shares of Five9 in a report on Tuesday. DA Davidson increased their price objective on shares of Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Piper Sandler boosted their price objective on shares of Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Robert W. Baird lifted their price target on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $55.00 to $40.00 in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.65.

Insiders Place Their Bets

In other Five9 news, CEO Michael Burkland sold 12,594 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total value of $521,391.60. Following the sale, the chief executive officer now owns 240,894 shares in the company, valued at $9,973,011.60. This trade represents a 4.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Leena Mansharamani sold 1,346 shares of Five9 stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total transaction of $55,630.18. Following the sale, the chief accounting officer now owns 35,526 shares of the company’s stock, valued at $1,468,289.58. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,004 shares of company stock valued at $1,209,279 over the last ninety days. 1.80% of the stock is owned by insiders.

Institutional Trading of Five9

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 272 Capital LP raised its holdings in Five9 by 3.3% in the 3rd quarter. 272 Capital LP now owns 297,880 shares of the software maker’s stock worth $8,558,000 after purchasing an additional 9,389 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in shares of Five9 in the third quarter valued at approximately $4,597,000. Synovus Financial Corp raised its stake in shares of Five9 by 34.2% during the 3rd quarter. Synovus Financial Corp now owns 13,272 shares of the software maker’s stock worth $381,000 after buying an additional 3,385 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Five9 during the 3rd quarter worth approximately $4,154,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Five9 during the 3rd quarter valued at approximately $145,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Trading Up 0.3 %

Five9 stock opened at $42.73 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a market cap of $3.21 billion, a PE ratio of -86.24, a P/E/G ratio of 28.88 and a beta of 0.92. The stock’s 50 day simple moving average is $35.80 and its two-hundred day simple moving average is $36.69. Five9 has a 12 month low of $26.60 and a 12 month high of $82.61.

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.