Five9 Sees Unusually Large Options Volume (FIVN)

Five9 Inc (NASDAQ:FIVN) saw unusually large options trading on Wednesday. Traders bought 971 call options on the company. This represents an increase of 891% compared to the average volume of 98 call options.

In other Five9 news, EVP Scott Welch sold 1,750 shares of the business’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $40.51, for a total transaction of $70,892.50. Following the sale, the executive vice president now directly owns 78,711 shares in the company, valued at $3,188,582.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Barry Zwarenstein sold 6,384 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $47.62, for a total value of $304,006.08. Following the sale, the chief financial officer now owns 121,714 shares in the company, valued at $5,796,020.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,526 shares of company stock worth $4,062,744. 5.10% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in FIVN. Alkeon Capital Management LLC acquired a new position in Five9 in the first quarter valued at $22,938,000. Sylebra HK Co Ltd acquired a new position in Five9 in the second quarter valued at $24,364,000. Hood River Capital Management LLC acquired a new position in Five9 in the second quarter valued at $19,594,000. BlackRock Inc. increased its stake in Five9 by 11.1% in the second quarter. BlackRock Inc. now owns 4,072,663 shares of the software maker’s stock valued at $140,794,000 after purchasing an additional 406,173 shares during the last quarter. Finally, Federated Investors Inc. PA increased its stake in Five9 by 229.3% in the second quarter. Federated Investors Inc. PA now owns 243,054 shares of the software maker’s stock valued at $8,402,000 after purchasing an additional 169,243 shares during the last quarter. Hedge funds and other institutional investors own 96.28% of the company’s stock.

FIVN has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price (up from $45.00) on shares of Five9 in a research report on Thursday, August 23rd. BidaskClub raised Five9 from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Northland Securities reissued a “buy” rating and issued a $48.00 price target on shares of Five9 in a report on Tuesday, August 7th. Canaccord Genuity reissued a “buy” rating and issued a $42.00 price target (up from $34.00) on shares of Five9 in a report on Tuesday, August 7th. Finally, Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Friday, September 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Five9 has an average rating of “Hold” and an average target price of $39.36.

NASDAQ FIVN opened at $39.91 on Thursday. Five9 has a fifty-two week low of $22.51 and a fifty-two week high of $49.50. The firm has a market capitalization of $2.55 billion, a PE ratio of -232.94 and a beta of 0.40. The company has a quick ratio of 6.96, a current ratio of 6.96 and a debt-to-equity ratio of 1.66.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Monday, August 6th. The software maker reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.07. Five9 had a negative return on equity of 3.56% and a negative net margin of 1.04%. The company had revenue of $61.12 million during the quarter, compared to analysts’ expectations of $56.42 million. Five9’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, research analysts predict that Five9 will post -0.06 earnings per share for the current fiscal year.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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