Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

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

Insider Activity at Five9

In other Five9 news, COO Andy Dignan sold 7,340 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $57.28, for a total transaction of $420,435.20. Following the completion of the transaction, the chief operating officer now directly owns 129,559 shares of the company’s stock, valued at approximately $7,421,139.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Five9 by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,286,789 shares of the software maker’s stock worth $573,397,000 after acquiring an additional 50,540 shares during the period. Wellington Management Group LLP raised its holdings in Five9 by 22.9% in the 1st quarter. Wellington Management Group LLP now owns 3,775,202 shares of the software maker’s stock valued at $416,783,000 after buying an additional 703,002 shares during the period. Sylebra Capital Ltd raised its holdings in Five9 by 3.3% in the 1st quarter. Sylebra Capital Ltd now owns 2,576,950 shares of the software maker’s stock valued at $186,288,000 after buying an additional 81,652 shares during the period. Alliancebernstein L.P. raised its holdings in Five9 by 13.9% in the 2nd quarter. Alliancebernstein L.P. now owns 2,501,692 shares of the software maker’s stock valued at $206,265,000 after buying an additional 306,251 shares during the period. Finally, Sylebra Capital LLC raised its holdings in Five9 by 14.8% in the 4th quarter. Sylebra Capital LLC now owns 2,312,427 shares of the software maker’s stock valued at $181,965,000 after buying an additional 298,939 shares during the period. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Wall Street Analysts Forecast Growth

FIVN has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Five9 from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Piper Sandler raised their price objective on shares of Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Five9 in a research note on Thursday, February 22nd. Barclays dropped their price objective on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. Finally, Wells Fargo & Company dropped their price objective on shares of Five9 from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $88.36.

View Our Latest Report on Five9

Five9 Trading Up 0.4 %

Shares of FIVN opened at $60.89 on Wednesday. Five9 has a 52-week low of $51.01 and a 52-week high of $92.40. The company has a quick ratio of 5.53, a current ratio of 5.53 and a debt-to-equity ratio of 1.38. The firm’s fifty day moving average is $71.53 and its two-hundred day moving average is $70.20. The stock has a market cap of $4.47 billion, a PE ratio of -53.88 and a beta of 0.83.

About Five9

(Get Free Report)

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. The company offers 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.

Read More

Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.