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

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

Five9 Price Performance

Shares of FIVN opened at $30.72 on Wednesday. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $63.79. The firm’s 50-day simple moving average is $37.00 and its two-hundred day simple moving average is $35.81. The stock has a market cap of $2.33 billion, a PE ratio of -153.59, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The company had revenue of $278.66 million during the quarter, compared to analysts’ expectations of $267.70 million. Analysts anticipate that Five9 will post 0.28 earnings per share for the current fiscal year.

Insider Transactions at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,135 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the transaction, the chief accounting officer now directly owns 47,165 shares in the company, valued at $1,424,383. This represents a 2.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Barry Zwarenstein sold 2,468 shares of Five9 stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $82,011.64. Following the sale, the chief financial officer now owns 92,583 shares of the company’s stock, valued at approximately $3,076,533.09. This trade represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,874 shares of company stock valued at $985,446. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five9

A number of hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock worth $72,496,000 after purchasing an additional 601,348 shares in the last quarter. Menard Financial Group LLC purchased a new stake in shares of Five9 during the fourth quarter valued at $206,000. Jefferies Financial Group Inc. bought a new stake in Five9 in the 4th quarter worth about $1,048,000. Sylebra Capital LLC raised its position in Five9 by 59.4% in the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock worth $152,228,000 after buying an additional 1,396,496 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Five9 by 261.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 682,728 shares of the software maker’s stock valued at $27,746,000 after acquiring an additional 493,709 shares during the period. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FIVN shares. Barclays increased their price target on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 target price on shares of Five9 in a report on Thursday, March 20th. Morgan Stanley lifted their target price on shares of Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. William Blair restated an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Finally, Truist Financial reiterated a “buy” rating and issued a $65.00 price objective on shares of Five9 in a report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Five9 currently has an average rating of “Moderate Buy” and an average target price of $56.76.

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.