LivePerson Sees Unusually High Options Volume (NASDAQ:LPSN)

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock traders purchased 9,084 call options on the stock. This is an increase of approximately 456% compared to the average volume of 1,633 call options.

LivePerson Stock Performance

Shares of NASDAQ:LPSN traded up $0.39 during trading on Monday, hitting $1.35. 21,197,707 shares of the company traded hands, compared to its average volume of 2,868,054. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 10.24. The business's fifty day moving average is $0.96 and its 200-day moving average is $1.03. The stock has a market capitalization of $121.85 million, a price-to-earnings ratio of -0.88 and a beta of 1.73. LivePerson has a one year low of $0.45 and a one year high of $3.98.

Insider Buying and Selling

In other news, CFO John Deneen Collins sold 130,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $0.85, for a total transaction of $110,500.00. Following the completion of the transaction, the chief financial officer now directly owns 997,604 shares in the company, valued at approximately $847,963.40. This represents a 11.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey Ford sold 21,935 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $1.14, for a total transaction of $25,005.90. Following the sale, the chief accounting officer now directly owns 378,707 shares of the company's stock, valued at $431,725.98. The trade was a 5.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 236,879 shares of company stock valued at $207,708 in the last quarter. Company insiders own 9.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC boosted its holdings in shares of LivePerson by 25.8% during the second quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company's stock valued at $265,000 after acquiring an additional 93,693 shares during the period. Los Angeles Capital Management LLC boosted its stake in LivePerson by 3.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company's stock valued at $243,000 after purchasing an additional 12,273 shares during the period. Charles Schwab Investment Management Inc. grew 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 worth $515,000 after purchasing an additional 15,032 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of LivePerson in the third quarter valued at approximately $513,000. Finally, AQR Capital Management LLC bought a new stake in shares of LivePerson during the second quarter valued at approximately $159,000. 79.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LPSN. StockNews.com upgraded LivePerson from a "sell" rating to a "hold" rating in a research note on Saturday, November 16th. Craig Hallum downgraded LivePerson from a "buy" rating to a "hold" rating and set a $1.00 target price on the stock. in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, LivePerson has a consensus rating of "Hold" and an average target price of $1.25.

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.