Investors Buy Large Volume of Five9 Call Options (NASDAQ:FIVN)

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

Five9 Trading Down 1.6 %

Shares of FIVN opened at $33.10 on Wednesday. The business has a 50-day moving average of $40.34 and a 200 day moving average of $51.32. Five9 has a fifty-two week low of $28.75 and a fifty-two week high of $92.40. The firm has a market cap of $2.45 billion, a P/E ratio of -38.94 and a beta of 0.82. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02.

Insider Buying and Selling

In related news, CFO Barry Zwarenstein sold 10,291 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $42.64, for a total value of $438,808.24. Following the transaction, the chief financial officer now directly owns 107,255 shares in the company, valued at approximately $4,573,353.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Panos Kozanian sold 6,893 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 94,477 shares in the company, valued at approximately $4,374,285.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Barry Zwarenstein sold 10,291 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $42.64, for a total value of $438,808.24. Following the completion of the transaction, the chief financial officer now owns 107,255 shares in the company, valued at $4,573,353.20. The disclosure for this sale can be found here. Insiders have sold a total of 53,385 shares of company stock worth $2,418,755 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

Several large investors have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI grew its holdings in Five9 by 46.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after buying an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its holdings in Five9 by 139.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after buying an additional 279 shares in the last quarter. Headlands Technologies LLC grew its holdings in Five9 by 136.0% during the 4th quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after buying an additional 306 shares in the last quarter. Quent Capital LLC grew its holdings in Five9 by 8.7% during the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after buying an additional 352 shares in the last quarter. Finally, Intrust Bank NA purchased a new position in Five9 during the 4th quarter valued at about $202,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. BTIG Research dropped their price objective on Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Barclays dropped their price objective on Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. StockNews.com upgraded Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Rosenblatt Securities dropped their price objective on Five9 from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Baird R W cut Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Five9 has an average rating of “Moderate Buy” and an average target price of $63.35.

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.