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

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Five9, Inc. (NASDAQ:FIVN) was the recipient of some unusual options trading on Tuesday. Stock 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.

In other Five9 news, CFO Barry Zwarenstein sold 12,500 shares of the company’s stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $165.48, for a total value of $2,068,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Leena Mansharamani sold 1,266 shares of the stock in a transaction on Monday, December 6th. The stock was sold at an average price of $127.63, for a total value of $161,579.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,960 shares of company stock worth $7,596,107. Insiders own 2.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIVN. Quadrant Capital Group LLC grew its stake in Five9 by 36.0% during the second quarter. Quadrant Capital Group LLC now owns 189 shares of the software maker’s stock worth $35,000 after purchasing an additional 50 shares during the period. Ellevest Inc. grew its stake in Five9 by 176.3% during the third quarter. Ellevest Inc. now owns 221 shares of the software maker’s stock worth $35,000 after purchasing an additional 141 shares during the period. Berman Capital Advisors LLC grew its stake in Five9 by 454.2% during the second quarter. Berman Capital Advisors LLC now owns 327 shares of the software maker’s stock worth $59,000 after purchasing an additional 268 shares during the period. First Horizon Advisors Inc. grew its stake in Five9 by 644.9% during the third quarter. First Horizon Advisors Inc. now owns 1,542 shares of the software maker’s stock worth $65,000 after purchasing an additional 1,335 shares during the period. Finally, Maverick Capital Ltd. acquired a new stake in Five9 in the third quarter valued at approximately $89,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Shares of FIVN opened at $136.96 on Wednesday. Five9 has a 1 year low of $122.33 and a 1 year high of $211.68. The company has a debt-to-equity ratio of 4.52, a current ratio of 3.64 and a quick ratio of 3.64. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of -163.05 and a beta of 0.41. The business has a 50-day moving average of $144.60 and a 200-day moving average of $165.70.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Monday, November 8th. The software maker reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.05. Five9 had a negative return on equity of 7.59% and a negative net margin of 10.04%. The company had revenue of $154.30 million during the quarter, compared to the consensus estimate of $146.69 million. During the same period last year, the company earned $0.01 earnings per share. The firm’s revenue was up 37.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Five9 will post -0.3 EPS for the current year.

Several research firms have recently issued reports on FIVN. Truist raised Five9 from a “hold” rating to a “buy” rating and increased their target price for the stock from $190.00 to $210.00 in a report on Tuesday, November 9th. KeyCorp increased their target price on Five9 from $200.00 to $208.00 and gave the stock an “overweight” rating in a report on Tuesday, November 9th. raised Five9 from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Friday, October 1st. Evercore ISI raised Five9 from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $185.00 to $205.00 in a report on Friday, October 1st. Finally, Jefferies Financial Group upped their price objective on Five9 from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, October 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $199.50.

Five9 Company Profile

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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