Five9 Target of Unusually Large Options Trading (NASDAQ:FIVN)

Five9 Inc (NASDAQ:FIVN) saw some unusual options trading activity on Thursday. Investors bought 1,811 put options on the stock. This is an increase of 1,475% compared to the average volume of 115 put options.

Several brokerages recently commented on FIVN. Rosenblatt Securities began coverage on shares of Five9 in a research report on Wednesday, September 4th. They set a “neutral” rating and a $73.00 price objective on the stock. Guggenheim began coverage on shares of Five9 in a research report on Thursday, September 26th. They set a “buy” rating and a $70.00 price objective on the stock. JPMorgan Chase & Co. raised shares of Five9 from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $59.00 to $70.00 in a research report on Thursday, August 1st. BidaskClub downgraded shares of Five9 from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Finally, KeyCorp reissued a “hold” rating on shares of Five9 in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.92.

FIVN opened at $55.58 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 6.41 and a current ratio of 6.41. The stock has a market capitalization of $3.37 billion, a P/E ratio of 370.53, a P/E/G ratio of 137.93 and a beta of 0.58. The company’s 50-day simple moving average is $58.04 and its two-hundred day simple moving average is $53.65. Five9 has a 52-week low of $34.66 and a 52-week high of $65.45.

Five9 (NASDAQ:FIVN) last posted its earnings results on Wednesday, July 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.07. The business had revenue of $77.44 million for the quarter, compared to analysts’ expectations of $72.42 million. Five9 had a negative net margin of 0.47% and a positive return on equity of 8.90%. The business’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. Research analysts forecast that Five9 will post 0.04 EPS for the current fiscal year.

In related news, President Daniel P. Burkland sold 15,000 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $48.28, for a total transaction of $724,200.00. Following the sale, the president now directly owns 184,722 shares of the company’s stock, valued at approximately $8,918,378.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rowan M. Trollope sold 2,024 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $56.93, for a total transaction of $115,226.32. Following the sale, the chief executive officer now directly owns 395,456 shares in the company, valued at $22,513,310.08. The disclosure for this sale can be found here. Insiders have sold a total of 292,313 shares of company stock worth $16,958,450 over the last three months. 4.90% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Atria Investments LLC lifted its stake in Five9 by 43.1% during the 2nd quarter. Atria Investments LLC now owns 6,159 shares of the software maker’s stock valued at $387,000 after acquiring an additional 1,854 shares during the period. Natixis bought a new position in Five9 during the 2nd quarter valued at about $1,808,000. Chartwell Investment Partners LLC lifted its stake in shares of Five9 by 1.0% in the 2nd quarter. Chartwell Investment Partners LLC now owns 118,033 shares of the software maker’s stock worth $6,054,000 after purchasing an additional 1,147 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Five9 by 4.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,213 shares of the software maker’s stock worth $426,000 after purchasing an additional 348 shares during the period. Finally, Private Capital Group LLC lifted its stake in shares of Five9 by 27.5% in the 2nd quarter. Private Capital Group LLC now owns 1,283 shares of the software maker’s stock worth $44,000 after purchasing an additional 277 shares during the period.

Five9 Company Profile

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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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