Five9 Sees Unusually Large Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) was the target of some unusual options trading on Tuesday. Traders acquired 8,504 call options on the company. This represents an increase of approximately 2,115% compared to the average volume of 384 call options.

Five9 Stock Up 4.4%

Shares of NASDAQ FIVN opened at $21.51 on Wednesday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 59.75, a PEG ratio of 1.28 and a beta of 1.35. The stock’s fifty day moving average is $21.22 and its 200 day moving average is $24.66. Five9 has a 52 week low of $17.71 and a 52 week high of $49.90. 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 announced its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 earnings per share (EPS) for the quarter. Five9 had a net margin of 2.77% and a return on equity of 10.59%. The firm had revenue of $283.27 million for the quarter. Sell-side analysts forecast that Five9 will post 0.28 earnings per share for the current fiscal year.

Five9 announced that its board has initiated a stock buyback program on Tuesday, November 11th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire up to 3.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Five9

In other 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 completion of the sale, the chief accounting officer owned 38,571 shares in the company, valued at approximately $787,234.11. This trade represents a 7.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Matthew E. Tuckness sold 5,255 shares of Five9 stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $20.35, for a total transaction of $106,939.25. Following the sale, the executive directly owned 176,379 shares of the company’s stock, valued at $3,589,312.65. The trade was a 2.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 66,739 shares of company stock worth $1,364,010. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Five9 by 74.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,701 shares of the software maker’s stock valued at $182,000 after purchasing an additional 2,865 shares in the last quarter. Invesco Ltd. lifted its position in shares of Five9 by 16.1% during the 1st quarter. Invesco Ltd. now owns 92,284 shares of the software maker’s stock worth $2,506,000 after buying an additional 12,768 shares during the last quarter. Nuveen LLC bought a new stake in shares of Five9 during the 1st quarter worth $9,008,000. Aberdeen Group plc boosted its stake in Five9 by 4.7% in the first quarter. Aberdeen Group plc now owns 288,276 shares of the software maker’s stock valued at $7,827,000 after buying an additional 12,893 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in Five9 by 42.4% in the first quarter. Raymond James Financial Inc. now owns 408,810 shares of the software maker’s stock valued at $11,099,000 after acquiring an additional 121,630 shares during the last quarter. 96.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Five9 from $28.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Piper Sandler dropped their price target on Five9 from $31.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Five9 in a report on Monday. Cantor Fitzgerald lowered their price objective on Five9 from $36.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, Barclays dropped their target price on Five9 from $33.00 to $29.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.20.

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.