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

Five9, Inc. (NASDAQ:FIVN) was the target of some unusual options trading on Tuesday. Traders purchased 8,504 call options on the stock. This is an increase of 2,115% compared to the average volume of 384 call options.

Wall Street Analysts Forecast Growth

FIVN has been the subject of several research reports. UBS Group decreased their target price on Five9 from $90.00 to $81.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Canaccord Genuity Group lowered their price objective on shares of Five9 from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Rosenblatt Securities reissued a “buy” rating and set a $80.00 target price on shares of Five9 in a research note on Friday, May 3rd. Wells Fargo & Company reduced their target price on shares of Five9 from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, June 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Five9 in a report on Thursday, June 6th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $82.71.

Five9 Price Performance

Shares of Five9 stock opened at $43.13 on Wednesday. The firm has a fifty day moving average price of $48.81 and a two-hundred day moving average price of $61.80. Five9 has a fifty-two week low of $39.07 and a fifty-two week high of $92.40. The company has a debt-to-equity ratio of 2.41, a current ratio of 7.02 and a quick ratio of 7.02. The company has a market cap of $3.19 billion, a PE ratio of -50.74 and a beta of 0.82.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Thursday, May 2nd. The software maker reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.13. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. The company had revenue of $247.01 million for the quarter, compared to analyst estimates of $239.72 million. Analysts expect that Five9 will post -0.3 EPS for the current year.

Insider Activity at Five9

In related news, EVP Panos Kozanian sold 6,893 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $319,145.90. Following the sale, the executive vice president now owns 94,477 shares of the company’s stock, valued at approximately $4,374,285.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Five9 news, EVP Panos Kozanian sold 6,893 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total value of $319,145.90. Following the sale, the executive vice president now owns 94,477 shares in the company, valued at $4,374,285.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Andy Dignan sold 5,731 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total value of $265,345.30. Following the transaction, the chief operating officer now owns 124,172 shares of the company’s stock, valued at $5,749,163.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,541 shares of company stock valued at $2,024,537. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Five9

Institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. grew its position in Five9 by 84.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 837,856 shares of the software maker’s stock worth $65,931,000 after acquiring an additional 383,002 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Five9 during the fourth quarter worth $1,684,000. Alberta Investment Management Corp acquired a new stake in shares of Five9 in the fourth quarter valued at $2,254,000. Trexquant Investment LP bought a new position in shares of Five9 in the fourth quarter valued at about $1,364,000. Finally, Tairen Capital Ltd acquired a new position in Five9 during the 4th quarter worth about $5,836,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

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.