Five9 Sees Unusually High Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN) was the recipient of unusually large options trading activity on Friday. Traders acquired 10,416 put options on the stock. This represents an increase of approximately 76% compared to the typical volume of 5,918 put options.

Insider Transactions at Five9

In other news, CFO Bryan M. Lee sold 13,219 shares of Five9 stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $20.35, for a total value of $269,006.65. Following the completion of the sale, the chief financial officer directly owned 224,269 shares of the company’s stock, valued at approximately $4,563,874.15. This trade represents a 5.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Panos Kozanian sold 10,858 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $20.42, for a total value of $221,720.36. Following the sale, the executive vice president owned 94,457 shares of the company’s stock, valued at approximately $1,928,811.94. The trade was a 10.31% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 66,739 shares of company stock worth $1,364,010. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its position in Five9 by 36.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,630 shares of the software maker’s stock valued at $39,000 after acquiring an additional 435 shares during the period. State of Wyoming lifted its holdings in Five9 by 11.5% in the 1st quarter. State of Wyoming now owns 5,260 shares of the software maker’s stock worth $143,000 after purchasing an additional 543 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Five9 by 0.8% in the second quarter. California State Teachers Retirement System now owns 69,189 shares of the software maker’s stock worth $1,832,000 after purchasing an additional 549 shares during the last quarter. Global Retirement Partners LLC raised its stake in Five9 by 81.7% during 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 in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Five9 by 3.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 18,685 shares of the software maker’s stock valued at $495,000 after acquiring an additional 583 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FIVN shares. Wells Fargo & Company lowered their price target on shares of Five9 from $28.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Wall Street Zen raised shares of Five9 from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Barclays dropped 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, November 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Five9 in a research note on Monday, December 1st. Finally, Cantor Fitzgerald decreased their price objective on Five9 from $36.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.19.

Five9 Price Performance

NASDAQ FIVN opened at $20.65 on Friday. Five9 has a 52-week low of $17.71 and a 52-week high of $49.90. The business has a 50 day simple moving average of $21.53 and a 200 day simple moving average of $24.94. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.61 and a current ratio of 4.61. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 57.36, a PEG ratio of 1.28 and a beta of 1.35.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. Five9 had a net margin of 2.77% and a return on equity of 10.59%. The company had revenue of $283.27 million for the quarter. Analysts anticipate that Five9 will post 0.28 earnings per share for the current fiscal year.

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

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.