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

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

Insider Buying and Selling at Five9

In other news, CRO Daniel P. Burkland sold 7,698 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $46.30, for a total transaction of $356,417.40. Following the transaction, the executive now directly owns 127,635 shares of the company’s stock, valued at approximately $5,909,500.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Barry Zwarenstein sold 10,291 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $42.64, for a total transaction of $438,808.24. Following the transaction, the chief financial officer now directly owns 107,255 shares of the company’s stock, valued at approximately $4,573,353.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Daniel P. Burkland sold 7,698 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $46.30, for a total value of $356,417.40. Following the transaction, the executive now directly owns 127,635 shares in the company, valued at $5,909,500.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,541 shares of company stock worth $2,024,537. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Arcadia Investment Management Corp MI grew its position in Five9 by 46.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after acquiring an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its position in Five9 by 139.5% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after acquiring an additional 279 shares in the last quarter. Headlands Technologies LLC grew its position in Five9 by 136.0% in the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock worth $42,000 after acquiring an additional 306 shares in the last quarter. Intrust Bank NA purchased a new position in Five9 in the fourth quarter worth about $202,000. Finally, Inceptionr LLC purchased a new position in Five9 in the fourth quarter worth about $215,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FIVN shares. Wells Fargo & Company decreased their target price on Five9 from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, June 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Five9 in a report on Thursday, June 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $80.00 target price on shares of Five9 in a report on Friday, May 3rd. Canaccord Genuity Group decreased their target price on Five9 from $90.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, UBS Group decreased their target price on Five9 from $90.00 to $81.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Five9 has an average rating of “Moderate Buy” and a consensus target price of $82.71.

Five9 Trading Down 0.7 %

Shares of Five9 stock opened at $42.82 on Thursday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of -50.38 and a beta of 0.82. The business has a 50-day moving average price of $48.46 and a 200-day moving average price of $61.66. The company has a quick ratio of 7.02, a current ratio of 7.02 and a debt-to-equity ratio of 2.41. Five9 has a twelve month low of $39.07 and a twelve month high of $92.40.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, May 2nd. The software maker reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.13. The firm had revenue of $247.01 million during the quarter, compared to analyst estimates of $239.72 million. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. Equities research analysts anticipate that Five9 will post -0.3 EPS for the current fiscal year.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.