Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVNGet Rating) was the recipient of some unusual options trading on Tuesday. Investors bought 8,504 call options on the company. This is an increase of 2,115% compared to the average volume of 384 call options.

Five9 Stock Up 2.2 %

Shares of NASDAQ:FIVN opened at $60.63 on Thursday. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of -50.11 and a beta of 0.63. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 2.74. Five9 has a 12-month low of $46.61 and a 12-month high of $146.46. The business’s 50 day moving average is $64.65 and its 200 day moving average is $86.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FIVN shares. Canaccord Genuity Group lowered their price objective on Five9 from $125.00 to $85.00 in a research report on Tuesday, November 8th. Needham & Company LLC lowered their target price on Five9 from $160.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, November 8th. StockNews.com initiated coverage on Five9 in a report on Wednesday, October 12th. They issued a “sell” rating for the company. BTIG Research lowered their target price on Five9 from $125.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 8th. Finally, Robert W. Baird lowered their target price on Five9 from $130.00 to $60.00 in a report on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Five9 presently has a consensus rating of “Moderate Buy” and an average target price of $94.32.

Insider Activity

In other news, CFO Barry Zwarenstein sold 2,993 shares of Five9 stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $90.30, for a total transaction of $270,267.90. Following the sale, the chief financial officer now directly owns 103,659 shares of the company’s stock, valued at $9,360,407.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Barry Zwarenstein sold 2,993 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $90.30, for a total transaction of $270,267.90. Following the completion of the transaction, the chief financial officer now directly owns 103,659 shares in the company, valued at $9,360,407.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kimberly Alexy sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $78.67, for a total value of $196,675.00. Following the transaction, the director now owns 11,117 shares of the company’s stock, valued at $874,574.39. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,146 shares of company stock valued at $1,246,590. 2.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. boosted its position in Five9 by 1,247.6% in the second quarter. First Horizon Advisors Inc. now owns 283 shares of the software maker’s stock worth $25,000 after purchasing an additional 262 shares during the last quarter. Lindbrook Capital LLC boosted its position in Five9 by 1,142.3% in the second quarter. Lindbrook Capital LLC now owns 323 shares of the software maker’s stock worth $29,000 after purchasing an additional 297 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Five9 in the first quarter worth $41,000. Vestor Capital LLC purchased a new position in Five9 in the first quarter worth $42,000. Finally, Neo Ivy Capital Management boosted its position in Five9 by 117.6% in the second quarter. Neo Ivy Capital Management now owns 470 shares of the software maker’s stock worth $42,000 after purchasing an additional 254 shares during the last quarter.

Five9 Company Profile

(Get Rating)

Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.

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