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

Five9, Inc. (NASDAQ:FIVN - Get Free Report) saw unusually large options trading activity on Monday. Stock investors acquired 8,145 put options on the stock. This is an increase of 261% compared to the typical volume of 2,259 put options.

Insider Transactions at Five9

In related news, CFO Bryan M. Lee sold 1,798 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total value of $50,847.44. Following the completion of the sale, the chief financial officer now directly owns 126,468 shares in the company, valued at $3,576,515.04. The trade was a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Burkland sold 12,594 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $27.17, for a total transaction of $342,178.98. Following the completion of the transaction, the chief executive officer now owns 391,462 shares in the company, valued at $10,636,022.54. This trade represents a 3.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,866 shares of company stock valued at $913,434 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Five9

Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC bought a new position in Five9 in the first quarter valued at $1,029,000. Bayforest Capital Ltd bought a new stake in Five9 during the 1st quarter valued at $127,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Five9 by 292.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker's stock worth $72,745,000 after purchasing an additional 1,996,628 shares during the period. Petrus Trust Company LTA purchased a new stake in Five9 in the 1st quarter worth approximately $224,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Five9 by 0.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 209,538 shares of the software maker's stock worth $5,689,000 after acquiring an additional 1,070 shares during the period. Hedge funds and other institutional investors own 96.64% of the company's stock.

Five9 Stock Performance

Shares of FIVN stock traded up $0.79 during trading hours on Monday, hitting $27.44. 329,680 shares of the company were exchanged, compared to its average volume of 1,691,132. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a fifty day simple moving average of $25.86 and a 200 day simple moving average of $33.31. Five9 has a 52-week low of $21.04 and a 52-week high of $49.90. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of -137.29, a P/E/G ratio of 9.41 and a beta of 1.20.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.48 by $0.14. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $279.71 million for the quarter, compared to the consensus estimate of $272.26 million. During the same period in the prior year, the firm earned $0.48 earnings per share. The company's revenue was up 13.2% compared to the same quarter last year. Research analysts predict that Five9 will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FIVN. Mizuho decreased their price target on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. UBS Group lowered their target price on shares of Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. William Blair restated an "outperform" rating on shares of Five9 in a report on Thursday, March 13th. Piper Sandler upped their price objective on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Jefferies Financial Group lowered their target price on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Five9 currently has an average rating of "Moderate Buy" and a consensus price target of $43.15.

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.

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