Traders Buy Large Volume of Five9 Put Options (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) was the target of unusually large options trading activity on Monday. Investors acquired 20,101 put options on the company. This is an increase of approximately 291% compared to the average daily volume of 5,146 put options.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FIVN. Rosenblatt Securities reissued a “buy” rating and set a $36.00 target price on shares of Five9 in a research report on Friday, August 1st. Wall Street Zen upgraded Five9 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Five9 in a research note on Wednesday, October 8th. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 target price on shares of Five9 in a report on Friday, August 1st. Finally, Cantor Fitzgerald decreased their price target on Five9 from $36.00 to $32.00 and set an “overweight” rating for the company in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.19.

Insiders Place Their Bets

In related news, EVP Panos Kozanian sold 10,860 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $25.87, for a total transaction of $280,948.20. Following the transaction, the executive vice president owned 105,315 shares in the company, valued at $2,724,499.05. The trade was a 9.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Leena Mansharamani sold 2,969 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $25.85, for a total transaction of $76,748.65. Following the transaction, the chief accounting officer directly owned 41,522 shares in the company, valued at $1,073,343.70. This trade represents a 6.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 60,781 shares of company stock valued at $1,562,457 over the last quarter. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Five9

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new position in Five9 during the second quarter worth about $32,000. Global Retirement Partners LLC raised its position in shares of Five9 by 81.7% in 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. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Five9 during the 3rd quarter valued at approximately $45,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Five9 by 419.2% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker’s stock worth $61,000 after buying an additional 1,811 shares during the period. Finally, Quarry LP purchased a new position in Five9 in the 1st quarter valued at approximately $74,000. 96.64% of the stock is currently owned by institutional investors.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $20.76 on Tuesday. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04. The stock has a fifty day simple moving average of $23.99 and a two-hundred day simple moving average of $25.82. Five9 has a 1-year low of $17.97 and a 1-year high of $49.90. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 230.69, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27.

Five9 (NASDAQ:FIVN) last issued its earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share (EPS) for the quarter. Five9 had a return on equity of 8.91% and a net margin of 0.80%.The firm had revenue of $283.27 million for the quarter. Analysts anticipate that Five9 will post 0.28 earnings per share for the current year.

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.