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

Five9, Inc. (NASDAQ:FIVN) saw unusually large options trading on Thursday. Stock traders acquired 4,820 put options on the company. This is an increase of approximately 188% compared to the average daily volume of 1,675 put options.

Five9 Trading Down 2.5%

FIVN opened at $27.67 on Friday. Five9 has a 52 week low of $21.04 and a 52 week high of $54.18. The business has a fifty day simple moving average of $26.08 and a 200-day simple moving average of $34.63. The firm has a market cap of $2.11 billion, a P/E ratio of -138.34, a P/E/G ratio of 9.41 and a beta of 1.23. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $279.71 million during the quarter, compared to analyst estimates of $272.26 million. During the same period last year, the business posted $0.48 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities analysts expect that Five9 will post 0.28 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on FIVN. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Five9 in a report on Wednesday, April 2nd. Jefferies Financial Group cut their price target on Five9 from $45.00 to $28.00 and set a “hold” rating for the company in a report on Monday, April 28th. Morgan Stanley cut their price target on Five9 from $48.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. William Blair reaffirmed an “outperform” rating on shares of Five9 in a report on Thursday, March 13th. Finally, Mizuho lowered their price objective on Five9 from $55.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Five9 currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.58.

Insider Buying and Selling

In other Five9 news, EVP Panos Kozanian sold 7,619 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the transaction, the executive vice president now owns 126,359 shares of the company’s stock, valued at $4,220,390.60. This represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the transaction, the chief accounting officer now directly owns 47,165 shares of the company’s stock, valued at $1,424,383. The trade was a 2.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,574 shares of company stock valued at $1,004,346. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its position in shares of Five9 by 10.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker’s stock worth $156,000 after purchasing an additional 365 shares during the last quarter. Xponance Inc. lifted its position in shares of Five9 by 4.4% during the first quarter. Xponance Inc. now owns 9,835 shares of the software maker’s stock worth $267,000 after purchasing an additional 414 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Five9 by 2.0% during the fourth 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 last quarter. Lindbrook Capital LLC lifted its position in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after purchasing an additional 520 shares during the last quarter. Finally, State of Wyoming lifted its position in shares of Five9 by 11.5% during the first quarter. State of Wyoming now owns 5,260 shares of the software maker’s stock worth $143,000 after purchasing an additional 543 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

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.