Five9 Target of Unusually High Options Trading (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) was the target of some unusual options trading activity on Monday. Investors bought 8,145 put options on the company. This represents an increase of approximately 261% compared to the average volume of 2,259 put options.

Five9 Stock Up 4.0%

Shares of NASDAQ FIVN opened at $27.71 on Tuesday. Five9 has a 1 year low of $21.04 and a 1 year high of $49.90. The stock has a market capitalization of $2.11 billion, a P/E ratio of -138.54, a P/E/G ratio of 9.41 and a beta of 1.20. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The company has a 50-day moving average price of $25.86 and a 200-day moving average price of $33.31.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.14. The company had revenue of $279.71 million for the quarter, compared to analysts’ expectations of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. Five9’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share. On average, equities research analysts forecast that Five9 will post 0.28 EPS for the current fiscal year.

Insider Activity at Five9

In other news, CEO Michael Burkland sold 12,594 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $27.17, for a total transaction of $342,178.98. Following the transaction, the chief executive officer now directly owns 391,462 shares of the company’s stock, valued at approximately $10,636,022.54. This trade represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Panos Kozanian sold 3,816 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total transaction of $107,916.48. Following the sale, the executive vice president now directly owns 123,218 shares of the company’s stock, valued at $3,484,605.04. This represents a 3.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,866 shares of company stock worth $913,434. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Five9

A number of institutional investors have recently added to or reduced their stakes in FIVN. PNC Financial Services Group Inc. increased its position in shares of Five9 by 10.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker’s stock valued at $156,000 after purchasing an additional 365 shares during the last quarter. Xponance Inc. grew its stake in Five9 by 4.4% in the 1st quarter. Xponance Inc. now owns 9,835 shares of the software maker’s stock worth $267,000 after acquiring an additional 414 shares in the last quarter. Arizona State Retirement System increased its holdings in Five9 by 2.0% during the 4th quarter. Arizona State Retirement System now owns 21,694 shares of the software maker’s stock worth $882,000 after purchasing an additional 424 shares during the period. Lindbrook Capital LLC raised its holdings in shares of Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after acquiring an additional 520 shares in the last quarter. Finally, State of Wyoming raised its holdings in shares of Five9 by 11.5% in the 1st quarter. State of Wyoming now owns 5,260 shares of the software maker’s stock valued at $143,000 after purchasing an additional 543 shares in the last quarter. 96.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FIVN has been the subject of several research reports. Wells Fargo & Company dropped their price objective on shares of Five9 from $45.00 to $23.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada boosted their target price on shares of Five9 from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $36.00 target price on shares of Five9 in a research report on Tuesday, May 13th. Mizuho decreased their price target on Five9 from $55.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Finally, Evercore ISI lowered their price target on shares of Five9 from $55.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.15.

About Five9

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