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

Five9, Inc. (NASDAQ:FIVN) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 8,504 call options on the stock. This is an increase of approximately 2,115% compared to the average volume of 384 call options.

Analyst Upgrades and Downgrades

FIVN has been the topic of a number of research analyst reports. Cantor Fitzgerald decreased their price target on shares of Five9 from $36.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. DA Davidson restated a “neutral” rating and set a $28.00 price target on shares of Five9 in a research report on Friday, September 12th. Piper Sandler dropped their price target on Five9 from $31.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Zacks Research lowered Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, Barclays decreased their price objective on Five9 from $33.00 to $29.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Twelve analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.20.

Insider Buying and Selling

In other news, CFO Bryan M. Lee sold 13,219 shares of Five9 stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $20.35, for a total transaction of $269,006.65. Following the completion of the sale, the chief financial officer owned 224,269 shares in the company, valued at approximately $4,563,874.15. This trade represents a 5.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Matthew E. Tuckness sold 5,255 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $20.35, for a total value of $106,939.25. Following the transaction, the executive directly owned 176,379 shares of the company’s stock, valued at $3,589,312.65. The trade was a 2.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 66,739 shares of company stock valued at $1,364,010 in the last ninety days. 1.60% of the stock is owned by insiders.

Institutional Trading of Five9

Several large investors have recently modified their holdings of FIVN. Voss Capital LP increased its stake in shares of Five9 by 211.4% in the 2nd quarter. Voss Capital LP now owns 3,250,000 shares of the software maker’s stock worth $86,060,000 after acquiring an additional 2,206,173 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 worth $72,745,000 after purchasing an additional 1,996,628 shares during the period. Norges Bank bought a new position in shares of Five9 during the second quarter valued at approximately $39,056,000. Federated Hermes Inc. increased its stake in shares of Five9 by 124,372.3% during the second quarter. Federated Hermes Inc. now owns 830,230 shares of the software maker’s stock valued at $21,984,000 after purchasing an additional 829,563 shares in the last quarter. Finally, Anson Funds Management LP lifted its holdings in shares of Five9 by 98.5% during the third quarter. Anson Funds Management LP now owns 1,534,272 shares of the software maker’s stock valued at $37,129,000 after purchasing an additional 761,486 shares during the last quarter. 96.64% of the stock is owned by institutional investors.

Five9 Trading Down 1.9%

NASDAQ FIVN opened at $21.11 on Thursday. The firm has a market cap of $1.65 billion, a PE ratio of 58.64, a price-to-earnings-growth ratio of 1.33 and a beta of 1.35. Five9 has a 1-year low of $17.71 and a 1-year high of $49.90. The stock has a 50-day moving average of $21.20 and a 200-day moving average of $24.63. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.96.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. The business had revenue of $283.27 million for the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%. As a group, sell-side analysts forecast that Five9 will post 0.28 EPS for the current year.

Five9 declared that its Board of Directors has approved a stock repurchase plan on Tuesday, November 11th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the software maker to purchase up to 3.2% of its shares through open market purchases. Shares buyback plans are usually 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.