Investors Buy Large Volume of Call Options on Five9 (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) saw some unusual options trading on Tuesday. Stock investors bought 8,504 call options on the company. This represents an increase of 2,115% compared to the typical volume of 384 call options.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FIVN shares. StockNews.com raised Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Northland Securities dropped their price target on Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Barclays decreased their price target on Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Bank of America raised shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Monday, August 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $48.00 price objective on shares of Five9 in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.22.

Insider Buying and Selling at Five9

In other Five9 news, CFO Barry Zwarenstein sold 4,408 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the transaction, the chief financial officer now directly owns 101,732 shares of the company’s stock, valued at $2,743,712.04. The trade was a 4.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Daniel P. Burkland sold 2,605 shares of Five9 stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $33.41, for a total value of $87,033.05. Following the sale, the executive now directly owns 132,554 shares in the company, valued at approximately $4,428,629.14. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,493 shares of company stock worth $1,097,753 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five9

A number of hedge funds have recently bought and sold shares of FIVN. Quent Capital LLC grew its holdings in Five9 by 8.7% in the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after buying an additional 352 shares during the last quarter. BOKF NA increased its holdings in shares of Five9 by 1.7% during the 1st quarter. BOKF NA now owns 39,846 shares of the software maker’s stock worth $2,445,000 after purchasing an additional 657 shares during the period. Rhumbline Advisers raised its position in shares of Five9 by 0.8% during the second quarter. Rhumbline Advisers now owns 86,000 shares of the software maker’s stock valued at $3,793,000 after buying an additional 673 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Five9 by 1.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 76,495 shares of the software maker’s stock valued at $4,751,000 after buying an additional 745 shares during the period. Finally, Signaturefd LLC grew its position in Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after buying an additional 984 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

Five9 Trading Up 1.7 %

NASDAQ:FIVN opened at $37.68 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. The company’s 50 day moving average is $30.55 and its 200-day moving average is $38.27. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of -73.46, a P/E/G ratio of 22.98 and a beta of 0.85. Five9 has a 12 month low of $26.60 and a 12 month high of $92.40.

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.