LivePerson, Inc. (NASDAQ:LPSN) CEO Sells $108,799.60 in Stock

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) CEO Anthony John Sabino sold 111,020 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $0.98, for a total value of $108,799.60. Following the completion of the transaction, the chief executive officer now directly owns 3,243,819 shares in the company, valued at $3,178,942.62. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, March 20th, Anthony John Sabino sold 166,213 shares of LivePerson stock. The stock was sold at an average price of $0.90, for a total transaction of $149,591.70.

LivePerson Stock Performance

Shares of LPSN stock traded up $0.01 during trading hours on Monday, hitting $0.93. 936,559 shares of the company were exchanged, compared to its average volume of 3,133,860. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24. The stock has a market capitalization of $84.99 million, a price-to-earnings ratio of -0.61 and a beta of 1.51. The firm has a fifty day simple moving average of $1.19 and a 200 day simple moving average of $1.11. LivePerson, Inc. has a 52-week low of $0.45 and a 52-week high of $2.08.

LivePerson (NASDAQ:LPSN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The technology company reported ($1.27) earnings per share 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 firm had revenue of $73.21 million for the quarter, compared to the consensus estimate of $68.12 million. During the same quarter in the previous year, the company posted ($0.06) EPS. Research analysts predict that LivePerson, Inc. will post -0.41 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On LivePerson

Several large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in shares of LivePerson during the 4th quarter valued at approximately $25,000. Avantax Advisory Services Inc. lifted its position in shares of LivePerson by 89.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company's stock worth $29,000 after acquiring an additional 9,000 shares in the last quarter. Wolverine Trading LLC boosted its holdings 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 acquiring an additional 16,385 shares during the period. Marshall Wace LLP purchased a new position in shares of LivePerson in the fourth quarter valued at $57,000. Finally, Raymond James Financial Inc. bought a new stake in shares of LivePerson during the 4th quarter valued at $66,000. Hedge funds and other institutional investors own 79.83% of the company's stock.

Analyst Upgrades and Downgrades

LPSN has been the topic of a number of research reports. Needham & Company LLC reaffirmed 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 equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $0.88.

LivePerson Company 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.