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

Five9, Inc. (NASDAQ:FIVN) saw unusually large options trading activity on Tuesday. Traders acquired 8,504 call options on the stock. This represents an increase of 2,115% compared to the average daily volume of 384 call options.

Five9 Stock Up 0.3 %

Shares of NASDAQ FIVN opened at $42.73 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9 has a 52 week low of $26.60 and a 52 week high of $82.61. The firm’s fifty day moving average is $36.10 and its 200 day moving average is $36.66. The company has a market cap of $3.21 billion, a price-to-earnings ratio of -85.46, a PEG ratio of 28.88 and a beta of 0.92.

Insider Transactions at Five9

In related news, CAO Leena Mansharamani sold 1,346 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $41.33, for a total transaction of $55,630.18. Following the transaction, the chief accounting officer now directly owns 35,526 shares of the company’s stock, valued at $1,468,289.58. This trade represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Burkland sold 12,594 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total transaction of $521,391.60. Following the transaction, the chief executive officer now directly owns 240,894 shares in the company, valued at $9,973,011.60. The trade was a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,004 shares of company stock worth $1,209,279 over the last three months. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. 272 Capital LP increased its position in Five9 by 3.3% during the 3rd quarter. 272 Capital LP now owns 297,880 shares of the software maker’s stock valued at $8,558,000 after purchasing an additional 9,389 shares during the period. Oddo BHF Asset Management Sas purchased a new position in Five9 during the 3rd quarter valued at $4,597,000. Synovus Financial Corp increased its position in Five9 by 34.2% during the 3rd quarter. Synovus Financial Corp now owns 13,272 shares of the software maker’s stock valued at $381,000 after purchasing an additional 3,385 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Five9 during the 3rd quarter valued at $4,154,000. Finally, Sanctuary Advisors LLC purchased a new position in Five9 during the 3rd quarter valued at $145,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FIVN has been the subject of a number of research analyst reports. Truist Financial restated a “buy” rating and set a $65.00 price objective on shares of Five9 in a report on Tuesday. Needham & Company LLC lifted their target price on shares of Five9 from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday. Robert W. Baird lifted their target price on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Rosenblatt Securities lifted their target price on shares of Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Morgan Stanley reduced their target price on shares of Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.65.

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.