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

Five9, Inc. (NASDAQ:FIVN) was the target of some unusual options trading on Thursday. Traders purchased 3,027 put options on the stock. This is an increase of 826% compared to the typical volume of 327 put options.

A number of research analysts have recently issued reports on FIVN shares. Bank of America initiated coverage on shares of Five9 in a research report on Tuesday, April 20th. They issued an “underperform” rating on the stock. JPMorgan Chase & Co. upped their target price on Five9 from $170.00 to $209.00 and gave the company an “overweight” rating in a research report on Tuesday, February 23rd. Piper Sandler increased their price target on shares of Five9 from $212.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, April 30th. Barclays increased their price target on Five9 from $182.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 23rd. Finally, Craig Hallum lifted their target price on shares of Five9 from $163.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, February 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. Five9 presently has an average rating of “Buy” and an average target price of $198.44.

Five9 stock opened at $165.36 on Friday. The stock’s 50 day moving average is $170.76. Five9 has a twelve month low of $98.00 and a twelve month high of $201.75. The firm has a market cap of $11.09 billion, a PE ratio of -232.90 and a beta of 0.49. The company has a quick ratio of 6.50, a current ratio of 6.50 and a debt-to-equity ratio of 5.42.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, April 29th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.35. Five9 had a negative net margin of 9.84% and a positive return on equity of 0.23%. The business had revenue of $137.88 million for the quarter, compared to analyst estimates of $122.55 million. As a group, equities analysts predict that Five9 will post -0.41 EPS for the current year.

In other news, CEO Rowan M. Trollope sold 30,429 shares of the company’s stock in a transaction dated Friday, June 4th. The shares were sold at an average price of $157.07, for a total value of $4,779,483.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Barry Zwarenstein sold 12,500 shares of the company’s stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $168.97, for a total transaction of $2,112,125.00. Following the completion of the transaction, the chief financial officer now owns 96,912 shares in the company, valued at $16,375,220.64. The disclosure for this sale can be found here. Insiders sold a total of 126,406 shares of company stock valued at $20,677,364 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its holdings in Five9 by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,860,862 shares of the software maker’s stock valued at $1,541,549,000 after purchasing an additional 314,572 shares during the last quarter. BlackRock Inc. increased its position in Five9 by 12.4% during the 1st quarter. BlackRock Inc. now owns 4,066,902 shares of the software maker’s stock worth $635,776,000 after purchasing an additional 449,754 shares in the last quarter. Wasatch Advisors Inc. boosted its stake in shares of Five9 by 1.7% during the 1st quarter. Wasatch Advisors Inc. now owns 2,827,659 shares of the software maker’s stock worth $442,048,000 after purchasing an additional 47,097 shares during the last quarter. Waddell & Reed Financial Inc. lifted its stake in shares of Five9 by 71.2% during the first quarter. Waddell & Reed Financial Inc. now owns 2,148,101 shares of the software maker’s stock valued at $335,813,000 after buying an additional 893,067 shares during the period. Finally, Oak Ridge Investments LLC lifted its stake in shares of Five9 by 819.3% during the 1st quarter. Oak Ridge Investments LLC now owns 1,077,663 shares of the software maker’s stock worth $168,471,000 after purchasing an additional 960,440 shares during the period. 97.91% of the stock is owned by institutional investors.

About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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.

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