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

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

Insiders Place Their Bets

In related news, CFO Barry Zwarenstein sold 4,408 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the sale, the chief financial officer now directly owns 101,732 shares of the company’s stock, valued at approximately $2,743,712.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Panos Kozanian sold 7,617 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.02, for a total value of $228,662.34. Following the completion of the transaction, the executive vice president now owns 76,628 shares in the company, valued at $2,300,372.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Barry Zwarenstein sold 4,408 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total value of $118,883.76. Following the transaction, the chief financial officer now directly owns 101,732 shares in the company, valued at approximately $2,743,712.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,493 shares of company stock valued at $1,097,753. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Five9

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quent Capital LLC lifted its position in shares of Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after purchasing an additional 352 shares during the last quarter. BOKF NA lifted its holdings in Five9 by 1.7% during the 1st quarter. BOKF NA now owns 39,846 shares of the software maker’s stock valued at $2,445,000 after buying an additional 657 shares in the last quarter. Rhumbline Advisers boosted its position in Five9 by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 86,000 shares of the software maker’s stock valued at $3,793,000 after buying an additional 673 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Five9 by 1.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 76,495 shares of the software maker’s stock worth $4,751,000 after acquiring an additional 745 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Five9 by 1,892.3% in the 3rd quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after acquiring an additional 984 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on FIVN. Northland Securities lowered their target price on Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. BTIG Research dropped their price objective on shares of Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Baird R W lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Roth Mkm decreased their price target on shares of Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Rosenblatt Securities dropped their price target on shares of Five9 from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Five9 Trading Up 1.3 %

FIVN stock opened at $30.69 on Wednesday. The firm has a fifty day moving average price of $29.39 and a 200 day moving average price of $39.64. Five9 has a fifty-two week low of $26.60 and a fifty-two week high of $92.40. The firm has a market cap of $2.29 billion, a PE ratio of -42.63 and a beta of 0.85. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The firm had revenue of $252.09 million during the quarter, compared to the consensus estimate of $244.54 million. Sell-side analysts anticipate that Five9 will post -0.09 earnings per share for the current fiscal year.

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.