Five9 Sees Unusually High Options Volume (NASDAQ:FIVN)

Five9, Inc. (NASDAQ:FIVN – Get a Free Report ) was the recipient of some unusual options trading activity on Thursday. Traders purchased 3,028 put options on the stock. This is a 109% increase from the average daily volume of 1,448 put options.

The Wall Street analyst weighs in

FIVN has been the subject of a number of research analyst reports. Rosenblatt Securities cut their price target on shares of Five9 from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Truist Financial reissued a “buy” rating and set a $65.00 price objective on shares of Five9 in a report on Tuesday, August 27th. StockNews.com upgraded Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Barclays cut their price target on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, Bank of America raised shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Five9 has a consensus rating of “Moderate Buy” and an average price target of $63.35, according to MarketBeat.

Read the latest stock analysis on FIVN

Five9 stock performance

NASDAQ FIVN opened at $28.61 on Friday. The company has a market cap of $2.11 billion, a P/E ratio of -35.06 and a beta of 0.82. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15, and a current ratio of 2.15. Five9 has a 52 week low of $28.59 and a 52 week high of $92.40. The company has a fifty day moving average of $39.02 and a 200 day moving average of $49.53.

Five9 (NASDAQ:FIVN – Get Free Report ) last posted its earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. The company had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. As a group, equities research analysts predict that Five9 will post -0.09 EPS for the current fiscal year.

Insider buying and selling at Five9

In other news, EVP Panos Kozanian sold 7,617 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the transaction, the executive vice president now owns 76,628 shares of the company’s stock, valued at approximately $2,300,372.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, EVP Panos Kozanian sold 7,617 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the transaction, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at $2,300,372.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, CAO Leena Mansharamani sold 1,395 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.51, for a total transaction of $42,561.45. Following the completion of the transaction, the chief accounting officer now directly owns 36,872 shares in the company, valued at $1,124,964.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,220 shares of company stock worth $1,811,896. Corporate insiders own 1.80% of the company’s shares.

Institutional investors weigh in on five9

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sylebra Capital LLC grew its position in shares of Five9 by 28.4% in the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after buying an additional 666,681 shares during the period. Clearline Capital LP bought a new position in shares of Five9 in the second quarter valued at approximately $1,606,000. Dark Forest Capital Management LP purchased a new position in shares of Five9 in the second quarter valued at about $336,000. Armistice Capital LLC boosted its position in shares of Five9 by 56.7% in the second quarter. Armistice Capital LLC now owns 722,582 shares of the software maker’s stock worth $31,866,000 after purchasing an additional 261,476 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Five9 in the second quarter valued at about $411,000. 96.64% of shares are currently owned by institutional investors.

Five9 Company Profile

(Get a free report)

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It provides a virtual contact center cloud platform that provides a suite of applications that enable a wide range of contact center-related customer service, sales, and marketing functions.

Featured stories

Get news and reviews for Five9 Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Five9 and related companies with MarketBeat.com’s FREE daily email newsletter.