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

Five9, Inc. (NASDAQ:FIVN) was the recipient 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 average volume of 384 call options.

Five9 Price Performance

Shares of FIVN opened at $41.20 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The company’s fifty day moving average price is $40.73 and its 200-day moving average price is $35.91. Five9 has a 1-year low of $26.60 and a 1-year high of $77.21. The firm has a market capitalization of $3.10 billion, a PE ratio of -82.40, a price-to-earnings-growth ratio of 9.48 and a beta of 0.93.

Wall Street Analysts Forecast Growth

FIVN has been the topic of several research reports. Rosenblatt Securities lifted their price objective on shares of Five9 from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 8th. DA Davidson lifted their target price on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Cantor Fitzgerald initiated coverage on shares of Five9 in a research report on Friday, January 17th. They set an “overweight” rating and a $46.00 price target for the company. Piper Sandler lifted their price objective on shares of Five9 from $35.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Morgan Stanley increased their target price on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $57.50.

Insider Transactions at Five9

In other Five9 news, CAO Leena Mansharamani sold 1,346 shares of Five9 stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the completion of the sale, the chief accounting officer now directly owns 35,526 shares of the company’s stock, valued at $1,468,289.58. The trade was a 3.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Andy Dignan sold 4,109 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.85, for a total transaction of $171,961.65. Following the transaction, the chief operating officer now directly owns 115,818 shares in the company, valued at $4,846,983.30. This trade represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,004 shares of company stock worth $1,209,279. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Five9

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in shares of Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares during the period. Lindbrook Capital LLC boosted its position in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after buying an additional 520 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after buying an additional 1,315 shares during the period. Quest Partners LLC acquired a new position in Five9 in the 3rd quarter worth approximately $95,000. Finally, Venturi Wealth Management LLC lifted its stake in Five9 by 3,955.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after acquiring an additional 2,571 shares during the period. 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, 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.