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

Five9, Inc. (NASDAQ:FIVN) saw some unusual options trading activity on Friday. Investors bought 21,115 put options on the stock. This represents an increase of 361% compared to the typical daily volume of 4,580 put options.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $19.99 on Friday. The stock has a fifty day moving average price of $21.00 and a 200 day moving average price of $24.23. Five9 has a 1-year low of $17.71 and a 1-year high of $49.90. The company has a debt-to-equity ratio of 0.96, a current ratio of 4.61 and a quick ratio of 4.61. The company has a market cap of $1.56 billion, a PE ratio of 55.53, a P/E/G ratio of 1.24 and a beta of 1.35.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data 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 during the quarter. Sell-side analysts forecast that Five9 will post 0.28 EPS for the current year.

Five9 declared that its Board of Directors has initiated a share repurchase program on Tuesday, November 11th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the software maker to repurchase up to 3.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler decreased their target price on Five9 from $31.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Five9 in a research note on Monday, December 22nd. HSBC upgraded shares of Five9 to a “buy” rating in a research report on Thursday, December 18th. Cantor Fitzgerald reduced their price target on shares of Five9 from $36.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Finally, Zacks Research downgraded shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.93.

Insider Buying and Selling at Five9

In other news, CRO Matthew E. Tuckness sold 5,255 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $20.35, for a total value of $106,939.25. Following the completion of the transaction, the executive owned 176,379 shares in the company, valued at approximately $3,589,312.65. This represents a 2.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Leena Mansharamani sold 2,951 shares of the stock in a transaction on 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 transaction, the chief accounting officer directly owned 38,571 shares in the company, valued at $787,234.11. This trade represents a 7.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 66,739 shares of company stock worth $1,364,010. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FIVN. Nisa Investment Advisors LLC acquired a new stake in Five9 in the second quarter valued at $32,000. Global Retirement Partners LLC increased its holdings in shares of Five9 by 81.7% in the 3rd 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. Quarry LP acquired a new stake in shares of Five9 in the third quarter valued at about $33,000. Advisory Services Network LLC purchased a new stake in Five9 during the third quarter worth about $38,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Five9 during the third quarter worth about $45,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Company Profile

Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.

Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.