Five9 Target of Unusually Large Options Trading (NASDAQ:FIVN)
by Scott Moore · The Cerbat GemFive9, Inc. (NASDAQ:FIVN – Get Free Report) saw unusually large options trading on Tuesday. Traders acquired 8,504 call options on the company. This is an increase of approximately 2,115% compared to the typical volume of 384 call options.
Insider Activity at Five9
In related news, CAO Leena Mansharamani sold 2,951 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $20.41, for a total transaction of $60,229.91. Following the transaction, the chief accounting officer directly owned 38,571 shares of the company’s stock, valued at approximately $787,234.11. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Burkland sold 17,992 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $20.35, for a total transaction of $366,137.20. Following the completion of the sale, the chief executive officer directly owned 349,570 shares of the company’s stock, valued at $7,113,749.50. This represents a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 66,039 shares of company stock valued at $1,347,231. 1.60% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Five9
Several large investors have recently modified their holdings of the business. Global Retirement Partners LLC lifted its holdings in shares of Five9 by 81.7% during the third quarter. Global Retirement Partners LLC now owns 1,228 shares of the software maker’s stock worth $30,000 after purchasing an additional 552 shares during the period. Nisa Investment Advisors LLC bought a new position in Five9 during the 2nd quarter worth $32,000. Quarry LP acquired a new position in Five9 during the 3rd quarter worth about $33,000. Advisory Services Network LLC acquired a new position in Five9 during the 3rd quarter worth about $38,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Five9 in the 3rd quarter valued at about $45,000. Institutional investors own 96.64% of the company’s stock.
Five9 Stock Up 0.3%
Shares of FIVN opened at $20.05 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.61 and a current ratio of 4.61. Five9 has a 52 week low of $17.71 and a 52 week high of $49.90. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 55.69, a PEG ratio of 1.24 and a beta of 1.35. The stock has a fifty day moving average of $20.83 and a 200-day moving average of $24.07.
Five9 (NASDAQ:FIVN – Get Free Report) last issued its earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share (EPS) for the quarter. The business had revenue of $283.27 million during the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%. As a group, sell-side analysts anticipate that Five9 will post 0.28 earnings per share for the current fiscal year.
Five9 announced that its board has approved a stock repurchase program on Tuesday, November 11th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the software maker to purchase up to 3.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
FIVN has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Five9 in a report on Monday. Wall Street Zen downgraded shares of Five9 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. DA Davidson set a $24.00 target price on shares of Five9 in a report on Thursday, December 18th. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Five9 in a research report on Thursday, December 18th. Finally, Barclays cut their price target on shares of Five9 from $33.00 to $29.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Thirteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Five9 has an average rating of “Moderate Buy” and a consensus target price of $32.93.
Get Our Latest Analysis on FIVN
Five9 Company Profile
Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.
Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.