LivePerson, Inc. (NASDAQ:LPSN) CEO Sells $149,591.70 in Stock

LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino sold 166,213 shares of LivePerson stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $0.90, for a total transaction of $149,591.70. Following the sale, the chief executive officer now owns 2,920,384 shares of the company’s stock, valued at approximately $2,628,345.60. The trade was a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Anthony John Sabino also recently made the following trade(s):

• On Tuesday, March 18th, Anthony John Sabino sold 111,020 shares of LivePerson stock. The shares were sold at an average price of $0.98, for a total transaction of $108,799.60.

LivePerson Trading Up 0.8 %

LPSN stock opened at $0.92 on Friday. The company has a market capitalization of $83.08 million, a PE ratio of -0.60 and a beta of 1.51. LivePerson, Inc. has a one year low of $0.45 and a one year high of $2.08. The company’s 50 day moving average price is $1.19 and its two-hundred day moving average price is $1.11. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings results on Wednesday, March 5th. The technology company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.04) by ($1.23). LivePerson had a negative return on equity of 111.48% and a negative net margin of 18.72%. The business had revenue of $73.21 million for the quarter, compared to analysts’ expectations of $68.12 million. During the same period last year, the business posted ($0.06) earnings per share. As a group, analysts predict that LivePerson, Inc. will post -0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th. Needham & Company LLC reiterated a “hold” rating on shares of LivePerson in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, LivePerson currently has an average rating of “Hold” and an average target price of $0.88.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of LivePerson in the fourth quarter worth $25,000. Avantax Advisory Services Inc. increased its stake in shares of LivePerson by 89.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company’s stock worth $29,000 after buying an additional 9,000 shares during the period. Wolverine Trading LLC increased its stake in shares of LivePerson by 104.1% in the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after buying an additional 16,385 shares during the period. Marshall Wace LLP purchased a new position in shares of LivePerson in the fourth quarter worth $57,000. Finally, Raymond James Financial Inc. purchased a new position in LivePerson during the 4th quarter valued at $66,000. 79.83% of the stock is owned by hedge funds and other institutional investors.

About LivePerson

LivePerson, Inc engages in conversational artificial intelligence. It enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.