Five9 Sees Unusually High Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) was the recipient of unusually large options trading activity on Tuesday. Investors purchased 8,504 call options on the company. This represents an increase of 2,115% compared to the typical daily volume of 384 call options.

Insider Transactions at Five9

In other news, CFO Bryan M. Lee sold 13,219 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $20.35, for a total value of $269,006.65. Following the completion of the transaction, the chief financial officer directly owned 224,269 shares in the company, valued at approximately $4,563,874.15. The trade was a 5.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tiffany N. Meriweather sold 6,852 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $20.35, for a total transaction of $139,438.20. Following the sale, the insider directly owned 212,126 shares of the company’s stock, valued at approximately $4,316,764.10. This trade represents a 3.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 66,739 shares of company stock worth $1,364,010. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Five9

Several institutional investors and hedge funds have recently made changes to their positions in FIVN. Global Retirement Partners LLC increased its holdings in Five9 by 81.7% in the third quarter. Global Retirement Partners LLC now owns 1,228 shares of the software maker’s stock worth $30,000 after purchasing an additional 552 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in shares of Five9 during the 2nd quarter worth approximately $32,000. Quarry LP acquired a new stake in shares of Five9 during the 3rd quarter worth approximately $33,000. Advisory Services Network LLC bought a new stake in shares of Five9 in the 3rd quarter valued at $38,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Five9 during the 3rd quarter valued at $45,000. Institutional investors own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FIVN shares. Zacks Research cut Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Wells Fargo & Company reduced their target price on shares of Five9 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Cantor Fitzgerald decreased their price target on shares of Five9 from $36.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. DA Davidson reiterated a “neutral” rating and set a $28.00 price target on shares of Five9 in a report on Friday, September 12th. Finally, Morgan Stanley set a $30.00 price objective on Five9 in a report on Tuesday, October 21st. Twelve equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.20.

Five9 Trading Up 4.4%

NASDAQ:FIVN opened at $21.51 on Wednesday. Five9 has a 52 week low of $17.71 and a 52 week high of $49.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.61 and a current ratio of 4.61. The firm’s fifty day moving average is $21.22 and its 200-day moving average is $24.66. The firm has a market cap of $1.68 billion, a P/E ratio of 59.75, a P/E/G ratio of 1.28 and a beta of 1.35.

Five9 (NASDAQ:FIVN) last announced its earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. The business had revenue of $283.27 million during the quarter. Five9 had a net margin of 2.77% and a return on equity of 10.59%. Equities analysts expect that Five9 will post 0.28 earnings per share for the current year.

Five9 declared that its board has authorized a stock buyback program on Tuesday, November 11th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the software maker to purchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

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.