Traders Purchase Large Volume of Five9 Put Options (FIVN)

Five9, Inc. (NASDAQ:FIVN) saw some unusual options trading activity on Friday. Stock investors bought 813 put options on the stock. This represents an increase of Infinity compared to the average daily volume of 0 put options.

Shares of Five9 (NASDAQ:FIVN) opened at $25.32 on Monday. Five9 has a 1-year low of $12.58 and a 1-year high of $27.81. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.17 and a quick ratio of 2.17.

Five9 (NASDAQ:FIVN) last posted its earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.05. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The firm had revenue of $50.08 million for the quarter, compared to analyst estimates of $48.20 million. The firm’s revenue was up 22.2% compared to the same quarter last year. analysts expect that Five9 will post -0.19 earnings per share for the current year.

FIVN has been the subject of several analyst reports. Northland Securities restated a “buy” rating and issued a $25.00 target price on shares of Five9 in a research report on Friday, September 1st. Zacks Investment Research cut shares of Five9 from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Canaccord Genuity lifted their price target on shares of Five9 from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, September 27th. KeyCorp reaffirmed a “buy” rating and set a $27.00 price target on shares of Five9 in a report on Friday, September 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 price target (up from $18.00) on shares of Five9 in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $24.25.

In other news, EVP Daniel P. Burkland sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $20.41, for a total value of $204,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott Welch sold 3,903 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $20.88, for a total transaction of $81,494.64. Following the completion of the transaction, the executive vice president now owns 136,799 shares of the company’s stock, valued at $2,856,363.12. The disclosure for this sale can be found here. Insiders sold a total of 74,719 shares of company stock valued at $1,658,903 over the last 90 days. Corporate insiders own 9.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of FIVN. American International Group Inc. grew its holdings in Five9 by 7.1% during the 1st quarter. American International Group Inc. now owns 20,344 shares of the software maker’s stock worth $335,000 after acquiring an additional 1,349 shares during the last quarter. FMR LLC boosted its stake in shares of Five9 by 60.0% in the 1st quarter. FMR LLC now owns 800,000 shares of the software maker’s stock valued at $13,168,000 after purchasing an additional 300,000 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Five9 by 9.6% in the 1st quarter. Teachers Advisors LLC now owns 178,564 shares of the software maker’s stock valued at $2,939,000 after purchasing an additional 15,582 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Five9 by 10.1% in the 1st quarter. TIAA CREF Investment Management LLC now owns 237,889 shares of the software maker’s stock valued at $3,916,000 after purchasing an additional 21,849 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Five9 by 28.2% in the 1st quarter. Vanguard Group Inc. now owns 2,626,988 shares of the software maker’s stock valued at $43,240,000 after purchasing an additional 577,738 shares during the last quarter. 91.67% of the stock is currently owned by hedge funds and other institutional investors.

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About Five9

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

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