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

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Five9, Inc. (NASDAQ:FIVNGet Rating) was the target of unusually large options trading activity on Tuesday. Stock investors bought 8,504 call options on the company. This is an increase of approximately 2,115% compared to the typical daily volume of 384 call options.

Shares of Five9 stock opened at $101.06 on Wednesday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 3.40 and a current ratio of 3.40. The stock’s fifty day moving average is $104.65 and its 200 day moving average is $116.66. The stock has a market cap of $7.03 billion, a P/E ratio of -92.71 and a beta of 0.51. Five9 has a one year low of $80.52 and a one year high of $211.68.

Five9 (NASDAQ:FIVNGet Rating) last announced its earnings results on Thursday, April 28th. The software maker reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.52. The business had revenue of $182.80 million during the quarter, compared to analyst estimates of $170.87 million. Five9 had a negative return on equity of 24.00% and a negative net margin of 11.43%. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.08) earnings per share. Analysts predict that Five9 will post -0.91 EPS for the current year.

In other Five9 news, CFO Barry Zwarenstein sold 1,712 shares of Five9 stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $100.10, for a total value of $171,371.20. Following the completion of the transaction, the chief financial officer now directly owns 79,238 shares of the company’s stock, valued at approximately $7,931,723.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO Daniel P. Burkland sold 2,891 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $98.47, for a total value of $284,676.77. Following the sale, the executive now owns 125,164 shares of the company’s stock, valued at approximately $12,324,899.08. The disclosure for this sale can be found here. Insiders have sold a total of 20,403 shares of company stock worth $2,174,548 in the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Pictet Asset Management SA boosted its position in shares of Five9 by 41,717.0% during the 4th quarter. Pictet Asset Management SA now owns 1,826,985 shares of the software maker’s stock worth $250,882,000 after purchasing an additional 1,822,616 shares during the period. Wasatch Advisors Inc. grew its position in Five9 by 388.0% during the 4th quarter. Wasatch Advisors Inc. now owns 1,968,379 shares of the software maker’s stock worth $270,298,000 after purchasing an additional 1,564,988 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Five9 in the fourth quarter valued at about $191,622,000. Sylebra Capital Ltd purchased a new stake in shares of Five9 in the fourth quarter valued at about $177,296,000. Finally, Scge Management L.P. boosted its holdings in Five9 by 175.4% during the first quarter. Scge Management L.P. now owns 1,223,000 shares of the software maker’s stock worth $135,019,000 after buying an additional 778,928 shares in the last quarter. Institutional investors and hedge funds own 97.89% of the company’s stock.

Several brokerages recently commented on FIVN. Needham & Company LLC dropped their target price on Five9 from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. Northland Securities cut their price target on Five9 from $200.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, February 24th. TheStreet downgraded Five9 from a “c-” rating to a “d+” rating in a research note on Wednesday, May 11th. StockNews.com initiated coverage on Five9 in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Finally, Truist Financial lowered their target price on Five9 from $210.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, February 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $160.90.

About Five9 (Get Rating)

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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.

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