Five9 Target of Unusually Large 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 company. This is an increase of 2,115% compared to the average volume of 384 call options.

Five9 Trading Up 0.3 %

Five9 stock opened at $42.73 on Wednesday. The firm has a 50 day moving average of $36.10 and a 200 day moving average of $36.66. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of -85.46, a P/E/G ratio of 28.88 and a beta of 0.92. Five9 has a 12-month low of $26.60 and a 12-month high of $82.61. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FIVN. Truist Financial reiterated a “buy” rating and issued a $65.00 price target on shares of Five9 in a research note on Tuesday. DA Davidson upped their price target on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $55.00 to $40.00 in a research note on Tuesday, November 12th. Piper Sandler upped their price target 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. Finally, Needham & Company LLC upped their target price on shares of Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.65.

Insider Transactions at Five9

In other news, CEO Michael Burkland sold 12,594 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total value of $521,391.60. Following the sale, the chief executive officer now directly owns 240,894 shares of the company’s stock, valued at $9,973,011.60. This represents a 4.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Andy Dignan sold 4,109 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total transaction of $171,961.65. Following the completion of the transaction, the chief operating officer now owns 115,818 shares in the company, valued at approximately $4,846,983.30. The trade was a 3.43 % 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 in the last three months. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five9

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIVN. Signaturefd LLC grew its holdings in Five9 by 1,892.3% during the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after buying an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Five9 during the 2nd quarter valued at approximately $57,000. Quest Partners LLC purchased a new stake in Five9 during the 3rd quarter valued at approximately $95,000. nVerses Capital LLC purchased a new stake in Five9 during the 3rd quarter valued at approximately $141,000. Finally, Sanctuary Advisors LLC purchased a new stake in Five9 during the 3rd quarter valued at approximately $145,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

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.