LivePerson, Inc. (NASDAQ:LPSN) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in LivePerson, Inc. (NASDAQ:LPSN - Free Report) by 48.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 895,167 shares of the technology company's stock after selling 842,033 shares during the quarter. Renaissance Technologies LLC owned approximately 0.99% of LivePerson worth $1,361,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in shares of LivePerson in the 4th quarter valued at about $25,000. Avantax Advisory Services Inc. lifted its position in shares of LivePerson by 89.9% during the 4th 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 last quarter. Raymond James Financial Inc. acquired a new position in shares of LivePerson in the 4th quarter valued at $66,000. Assenagon Asset Management S.A. acquired a new position in shares of LivePerson in the 4th quarter valued at $68,000. Finally, Mystic Asset Management Inc. raised its stake in LivePerson by 57.5% during the 4th quarter. Mystic Asset Management Inc. now owns 50,920 shares of the technology company's stock worth $77,000 after acquiring an additional 18,600 shares in the last quarter. 79.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other LivePerson news, Director Vanessa Pegueros sold 30,000 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $0.90, for a total transaction of $27,000.00. Following the transaction, the director now owns 139,993 shares in the company, valued at approximately $125,993.70. The trade was a 17.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Anthony John Sabino sold 166,213 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were 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 directly owns 2,920,384 shares of the company's stock, valued at $2,628,345.60. This represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 310,204 shares of company stock worth $287,471. 9.00% of the stock is owned by insiders.

LivePerson Trading Up 4.1 %

NASDAQ LPSN opened at $0.88 on Tuesday. LivePerson, Inc. has a one year low of $0.48 and a one year high of $2.08. The firm has a market cap of $80.61 million, a PE ratio of -0.58 and a beta of 1.67. The firm's fifty day moving average is $0.88 and its two-hundred day moving average is $1.05. 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 - Get Free Report) last posted its quarterly earnings data 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 net margin of 18.72% and a negative return on equity of 111.48%. The company had revenue of $73.21 million for the quarter, compared to analysts' expectations of $68.12 million. During the same period in the prior year, the company earned ($0.06) earnings per share. Analysts expect that LivePerson, Inc. will post -0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LPSN. StockNews.com downgraded shares of LivePerson from a "hold" rating to a "sell" rating in a research note on Thursday, March 13th. Needham & Company LLC restated a "hold" rating on shares of LivePerson in a research note on Thursday, March 6th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. According to data from MarketBeat, LivePerson has an average rating of "Hold" and an average price target of $0.83.

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.

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