Five9 Target of Unusually Large Options Trading (NASDAQ:FIVN)

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wells Fargo & Company lowered shares of Five9 from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. BTIG Research lowered their target price on Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Rosenblatt Securities lifted their price target on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Northland Securities decreased their price objective on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, Piper Sandler upped their price target on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.22.

Insider Transactions at Five9

In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76. Following the sale, the chief financial officer now owns 101,732 shares in the company, valued at $2,743,712.04. This represents a 4.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Leena Mansharamani sold 1,395 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total transaction of $42,561.45. Following the completion of the transaction, the chief accounting officer now owns 36,872 shares in the company, valued at $1,124,964.72. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,493 shares of company stock worth $1,097,753 in the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

Several institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC lifted its position in Five9 by 1,892.3% during 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. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Five9 during the second quarter worth $57,000. Quest Partners LLC acquired a new position in shares of Five9 during the third quarter worth $95,000. nVerses Capital LLC purchased a new position in shares of Five9 in the third quarter valued at $141,000. Finally, 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 purchasing an additional 352 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Five9 Price Performance

FIVN opened at $38.00 on Thursday. Five9 has a 52-week low of $26.60 and a 52-week high of $92.40. The company has a market cap of $2.86 billion, a P/E ratio of -76.00, a P/E/G ratio of 22.98 and a beta of 0.85. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a 50 day moving average of $30.76 and a two-hundred day moving average of $38.13.

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.