Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVNGet Rating) was the target of unusually large options trading on Tuesday. Stock traders acquired 8,504 call options on the stock. This represents an increase of approximately 2,115% compared to the typical volume of 384 call options.

Insiders Place Their Bets

In other Five9 news, CRO Daniel P. Burkland sold 4,414 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $89.63, for a total value of $395,626.82. Following the completion of the sale, the executive now owns 120,750 shares in the company, valued at approximately $10,822,822.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Leena Mansharamani sold 820 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $90.74, for a total value of $74,406.80. Following the completion of the transaction, the chief accounting officer now owns 14,752 shares of the company’s stock, valued at approximately $1,338,596.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Daniel P. Burkland sold 4,414 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $89.63, for a total value of $395,626.82. Following the completion of the transaction, the executive now directly owns 120,750 shares of the company’s stock, valued at approximately $10,822,822.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,146 shares of company stock worth $1,246,590. 2.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five9

A number of institutional investors and hedge funds have recently modified their holdings of the company. M&T Bank Corp boosted its stake in shares of Five9 by 12.1% in the 3rd quarter. M&T Bank Corp now owns 16,147 shares of the software maker’s stock worth $1,210,000 after buying an additional 1,747 shares during the last quarter. Bain Capital Public Equity Management II LLC lifted its position in Five9 by 53.6% during the third quarter. Bain Capital Public Equity Management II LLC now owns 361,092 shares of the software maker’s stock valued at $27,075,000 after purchasing an additional 126,025 shares in the last quarter. Alpha Paradigm Partners LLC lifted its position in Five9 by 240.5% during the third quarter. Alpha Paradigm Partners LLC now owns 16,172 shares of the software maker’s stock valued at $1,213,000 after purchasing an additional 11,422 shares in the last quarter. Fred Alger Management LLC lifted its position in Five9 by 10.3% during the third quarter. Fred Alger Management LLC now owns 6,408 shares of the software maker’s stock valued at $480,000 after purchasing an additional 600 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Five9 by 104.4% during the third quarter. Alliancebernstein L.P. now owns 2,196,520 shares of the software maker’s stock valued at $164,695,000 after purchasing an additional 1,122,000 shares in the last quarter.

Five9 Stock Performance

FIVN stock opened at $60.63 on Thursday. The company has a market cap of $4.27 billion, a P/E ratio of -50.11 and a beta of 0.63. Five9 has a 1 year low of $46.61 and a 1 year high of $146.46. The company has a debt-to-equity ratio of 2.74, a current ratio of 4.90 and a quick ratio of 4.90. The stock’s fifty day moving average price is $64.65 and its 200-day moving average price is $86.60.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FIVN. Credit Suisse Group decreased their target price on Five9 to $70.00 in a research report on Thursday, October 13th. BTIG Research reduced their price objective on Five9 from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, November 8th. Bank of America reduced their price objective on Five9 from $75.00 to $61.00 in a research report on Tuesday, November 8th. Truist Financial reduced their price objective on Five9 from $90.00 to $85.00 in a research report on Tuesday, November 8th. Finally, Morgan Stanley reduced their price objective on Five9 from $75.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.32.

Five9 Company Profile

(Get Rating)

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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