Investors Purchase Large Volume of Put Options on Five9 (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) saw unusually large options trading activity on Monday. Investors bought 20,101 put options on the stock. This represents an increase of approximately 291% compared to the average volume of 5,146 put options.

Five9 Stock Performance

Shares of FIVN stock traded up $0.60 during trading on Monday, hitting $20.44. The company’s stock had a trading volume of 830,450 shares, compared to its average volume of 1,952,332. The business has a fifty day moving average of $24.11 and a 200-day moving average of $25.85. The company has a market cap of $1.58 billion, a PE ratio of 227.64, a P/E/G ratio of 2.20 and a beta of 1.27. Five9 has a 52 week low of $17.97 and a 52 week high of $49.90. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04.

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

Insider Buying and Selling

In other Five9 news, CAO Leena Mansharamani sold 2,969 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $25.85, for a total value of $76,748.65. Following the completion of the transaction, the chief accounting officer owned 41,522 shares of the company’s stock, valued at $1,073,343.70. This represents a 6.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tiffany N. Meriweather sold 7,861 shares of Five9 stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $25.72, for a total transaction of $202,184.92. Following the sale, the insider owned 218,978 shares in the company, valued at $5,632,114.16. This represents a 3.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 60,781 shares of company stock valued at $1,562,457. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five9

Hedge funds have recently made changes to their positions in the company. Voss Capital LP grew its holdings in shares of Five9 by 211.4% in the second quarter. Voss Capital LP now owns 3,250,000 shares of the software maker’s stock worth $86,060,000 after acquiring an additional 2,206,173 shares during the period. Ameriprise Financial Inc. boosted its position in Five9 by 14.8% in the first quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker’s stock worth $74,649,000 after purchasing an additional 353,939 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Five9 by 292.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock valued at $72,745,000 after purchasing an additional 1,996,628 shares during the period. Van Berkom & Associates Inc. increased its position in shares of Five9 by 14.2% during the 1st quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker’s stock valued at $58,122,000 after purchasing an additional 266,484 shares during the last quarter. Finally, Armistice Capital LLC lifted its stake in shares of Five9 by 6.5% in the 1st quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker’s stock worth $56,961,000 after purchasing an additional 127,793 shares during the period. 96.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FIVN shares. Barclays reduced their target price on shares of Five9 from $33.00 to $29.00 and set an “overweight” rating for the company in a research report on Friday. Morgan Stanley set a $30.00 target price on Five9 in a report on Tuesday, October 21st. Cantor Fitzgerald dropped their price objective on Five9 from $36.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Five9 in a research note on Friday, August 1st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Five9 in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.65.

Five9 Company Profile

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.