LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) CEO Anthony John Sabino sold 166,213 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $0.90, for a total value of $149,591.70. Following the completion of the sale, the chief executive officer now owns 2,920,384 shares of the company's stock, valued at approximately $2,628,345.60. This represents 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 this hyperlink.
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 stock was sold at an average price of $0.98, for a total value of $108,799.60.
LivePerson Stock Performance
LPSN traded up $0.01 on Monday, reaching $0.93. The stock had a trading volume of 936,559 shares, compared to its average volume of 3,133,860. The business's 50-day moving average price is $1.19 and its two-hundred day moving average price is $1.11. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24. LivePerson, Inc. has a 12-month low of $0.45 and a 12-month high of $2.08. The company has a market cap of $84.99 million, a P/E ratio of -0.61 and a beta of 1.51.
LivePerson (NASDAQ:LPSN - Get Free Report) last announced its earnings results 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). The business had revenue of $73.21 million for the quarter, compared to analysts' expectations of $68.12 million. LivePerson had a negative net margin of 18.72% and a negative return on equity of 111.48%. During the same quarter last year, the business earned ($0.06) EPS. Sell-side analysts forecast that LivePerson, Inc. will post -0.41 earnings per share for the current year.
Institutional Investors Weigh In On LivePerson
A number of hedge funds have recently modified their holdings of LPSN. Two Sigma Advisers LP grew its holdings in shares of LivePerson by 42.0% in the fourth quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company's stock valued at $1,377,000 after purchasing an additional 267,827 shares during the period. Geode Capital Management LLC lifted its position in shares of LivePerson by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 772,587 shares of the technology company's stock worth $1,175,000 after purchasing an additional 21,992 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in LivePerson by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company's stock valued at $515,000 after buying an additional 15,032 shares during the period. GSA Capital Partners LLP purchased a new position in LivePerson in the third quarter valued at $513,000. Finally, XTX Topco Ltd increased its stake in shares of LivePerson by 1,162.0% during the third quarter. XTX Topco Ltd now owns 210,770 shares of the technology company's stock worth $270,000 after buying an additional 194,069 shares during the period. 79.83% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
LPSN has been the topic of several research analyst reports. Needham & Company LLC reissued a "hold" rating on shares of LivePerson in a research note on Thursday, March 6th. StockNews.com downgraded LivePerson from a "hold" rating to a "sell" rating in a report on Thursday, March 13th. 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.com, the company presently has an average rating of "Hold" and an average price target of $0.88.
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About LivePerson
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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.
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