Five9 Sees Unusually High Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) 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

In related news, President Andy Dignan sold 7,512 shares of Five9 stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $20.28, for a total transaction of $152,343.36. Following the completion of the sale, the president owned 208,513 shares of the company’s stock, valued at approximately $4,228,643.64. This trade represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tiffany N. Meriweather sold 6,852 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $20.35, for a total value of $139,438.20. Following the completion of the transaction, the insider owned 212,126 shares in the company, valued at $4,316,764.10. This represents a 3.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 66,039 shares of company stock worth $1,347,231. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Five9

Large investors have recently bought and sold shares of the stock. Global Retirement Partners LLC boosted its stake 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 valued at $30,000 after purchasing an additional 552 shares during the period. Nisa Investment Advisors LLC purchased a new stake in Five9 during the 2nd quarter valued at $32,000. Quarry LP bought a new stake in Five9 in the 3rd quarter worth $33,000. Advisory Services Network LLC purchased a new position in shares of Five9 in the third quarter valued at about $38,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Five9 in the third quarter valued at about $45,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Five9 Trading Up 0.3%

Shares of FIVN opened at $20.00 on Wednesday. Five9 has a fifty-two week low of $17.71 and a fifty-two week high of $49.90. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 55.56, a PEG ratio of 1.24 and a beta of 1.35. The firm has a 50 day moving average price of $20.88 and a 200-day moving average price of $24.09. 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 (NASDAQ:FIVN) last issued its earnings results on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. Five9 had a net margin of 2.77% and a return on equity of 10.59%. The company had revenue of $283.27 million for the quarter. As a group, equities research analysts forecast that Five9 will post 0.28 earnings per share for the current year.

Five9 announced that its board has authorized a share repurchase plan on Tuesday, November 11th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the software maker to buy up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

FIVN has been the subject of a number of research analyst reports. Zacks Research downgraded Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. HSBC raised shares of Five9 to a “buy” rating in a research note on Thursday, December 18th. Piper Sandler lowered their price objective on shares of Five9 from $31.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Five9 in a report on Monday. Finally, Cantor Fitzgerald cut their target price on shares of Five9 from $36.00 to $32.00 and set an “overweight” rating for the company in a research 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.93.

About Five9

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.