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

Five9, Inc. (NASDAQ:FIVN) was the target of some unusual options trading activity on Tuesday. 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.

Insider Activity at Five9

In other Five9 news, CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the completion of the sale, the chief executive officer now owns 404,056 shares of the company’s stock, valued at approximately $14,396,515.28. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Leena Mansharamani sold 1,517 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $50,409.91. Following the completion of the sale, the chief accounting officer now directly owns 48,300 shares of the company’s stock, valued at $1,605,009. The trade was a 3.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,574 shares of company stock worth $1,004,346 over the last ninety days. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Five9

A number of large investors have recently added to or reduced their stakes in the company. Sylebra Capital LLC lifted its stake in Five9 by 59.4% in the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock valued at $152,228,000 after acquiring an additional 1,396,496 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Five9 by 14.8% in the first quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker’s stock valued at $74,649,000 after acquiring an additional 353,939 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Five9 by 292.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock valued at $72,745,000 after acquiring an additional 1,996,628 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in Five9 by 14.2% in the first quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker’s stock valued at $58,122,000 after acquiring an additional 266,484 shares during the last quarter. Finally, Armistice Capital LLC lifted its stake in Five9 by 6.5% in the first quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker’s stock valued at $56,961,000 after acquiring an additional 127,793 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Stock Performance

Shares of FIVN opened at $25.51 on Thursday. Five9 has a 12 month low of $21.04 and a 12 month high of $53.21. The firm has a fifty day simple moving average of $25.90 and a 200 day simple moving average of $34.54. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -127.54, a PEG ratio of 9.41 and a beta of 1.23. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.48 by $0.14. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $279.71 million during the quarter, compared to analysts’ expectations of $272.26 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. Research analysts forecast that Five9 will post 0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on FIVN. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Five9 in a research note on Wednesday, April 2nd. Rosenblatt Securities reissued a “buy” rating and set a $36.00 price objective on shares of Five9 in a research report on Tuesday, May 13th. Piper Sandler increased their price objective on shares of Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Evercore ISI lowered their price objective on shares of Five9 from $55.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Finally, Morgan Stanley lowered their price objective on shares of Five9 from $48.00 to $28.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.58.

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.