Palogic Value Management L.P. Sells 7,620,500 Shares of LivePerson, Inc. (NASDAQ:LPSN)

Palogic Value Management L.P. reduced its position in shares of LivePerson, Inc. (NASDAQ:LPSN) by 99.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,500 shares of the technology company’s stock after selling 7,620,500 shares during the period. Palogic Value Management L.P.’s holdings in LivePerson were worth $110,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LPSN. Charles Schwab Investment Management Inc. boosted its holdings in shares of LivePerson by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock worth $515,000 after buying an additional 15,032 shares during the period. Wolverine Trading LLC boosted its holdings in shares of LivePerson by 104.1% during the 3rd 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. XTX Topco Ltd boosted its holdings in LivePerson by 1,162.0% in the 3rd quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock valued at $270,000 after purchasing an additional 194,069 shares during the period. Assenagon Asset Management S.A. bought a new stake in LivePerson in the 4th quarter valued at $68,000. Finally, Dodds Wealth LLC bought a new stake in LivePerson in the 4th quarter valued at $96,000. 79.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LPSN shares. StockNews.com downgraded shares of LivePerson from a “hold” rating to a “sell” rating in a report on Thursday, March 13th. Needham & Company LLC reissued a “hold” rating on shares of LivePerson in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $0.88.

LivePerson Trading Down 1.0 %

Shares of LPSN stock opened at $0.91 on Friday. LivePerson, Inc. has a 52-week low of $0.45 and a 52-week high of $2.08. The stock has a market cap of $82.41 million, a price-to-earnings ratio of -0.60 and a beta of 1.51. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a fifty day moving average of $1.20 and a 200-day moving average of $1.12.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported ($1.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($1.23). LivePerson had a negative net margin of 18.72% and a negative return on equity of 111.48%. The business had revenue of $73.21 million during the quarter, compared to analyst estimates of $68.12 million. During the same quarter in the prior year, the company posted ($0.06) EPS. On average, equities research analysts forecast that LivePerson, Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Anthony John Sabino sold 166,213 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $0.90, for a total transaction of $149,591.70. Following the completion of the sale, the chief executive officer now owns 2,920,384 shares in the company, valued at $2,628,345.60. This trade represents a 5.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 290,137 shares of company stock worth $278,780. 9.00% of the stock is currently owned by corporate insiders.

LivePerson Profile

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.