Renaissance Technologies LLC Sells 1,105,606 Shares of LivePerson, Inc. (NASDAQ:LPSN)

Renaissance Technologies LLC lowered its holdings in shares of LivePerson, Inc. (NASDAQ:LPSN - Free Report) by 89.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 135,800 shares of the technology company's stock after selling 1,105,606 shares during the period. Renaissance Technologies LLC owned about 0.15% of LivePerson worth $79,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC boosted its position in LivePerson by 131.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 406,123 shares of the technology company's stock valued at $405,000 after buying an additional 230,564 shares during the period. BNP Paribas Financial Markets boosted its position in LivePerson by 264.0% during the 1st quarter. BNP Paribas Financial Markets now owns 226,087 shares of the technology company's stock valued at $225,000 after buying an additional 163,978 shares during the period. Retirement Planning Co of New England Inc. boosted its position in LivePerson by 45.0% during the 1st quarter. Retirement Planning Co of New England Inc. now owns 66,443 shares of the technology company's stock valued at $66,000 after buying an additional 20,627 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in LivePerson during the 1st quarter valued at $122,000. Finally, Vanguard Group Inc. boosted its position in LivePerson by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company's stock valued at $8,634,000 after buying an additional 523,694 shares during the period. Institutional investors own 79.83% of the company's stock.

Insider Activity at LivePerson

In other LivePerson news, EVP Monica L. Greenberg sold 34,441 shares of the firm's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1.12, for a total transaction of $38,573.92. Following the completion of the sale, the executive vice president now directly owns 181,607 shares in the company, valued at approximately $203,399.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other LivePerson news, EVP Monica L. Greenberg sold 34,441 shares of the firm's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1.12, for a total transaction of $38,573.92. Following the completion of the sale, the executive vice president now directly owns 181,607 shares in the company, valued at approximately $203,399.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Deneen Collins sold 85,126 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1.05, for a total transaction of $89,382.30. Following the sale, the chief financial officer now owns 287,604 shares of the company's stock, valued at approximately $301,984.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 211,775 shares of company stock valued at $233,347 in the last three months. Company insiders own 9.00% of the company's stock.

Wall Street Analyst Weigh In

LPSN has been the subject of several analyst reports. Needham & Company LLC reissued a "hold" rating on shares of LivePerson in a research report on Thursday, August 1st. StockNews.com raised shares of LivePerson from a "sell" rating to a "hold" rating in a research report on Friday, September 6th. Craig Hallum raised their target price on shares of LivePerson from $1.25 to $1.40 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Finally, Barclays raised their target price on shares of LivePerson from $0.75 to $1.00 and gave the stock an "underweight" rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $1.32.

LivePerson Stock Down 2.6 %

NASDAQ LPSN traded down $0.03 during trading hours on Tuesday, reaching $1.11. 852,172 shares of the company's stock traded hands, compared to its average volume of 3,041,045. LivePerson, Inc. has a 52-week low of $0.45 and a 52-week high of $3.98. The firm has a market cap of $98.36 million, a PE ratio of -0.79 and a beta of 1.79. The firm has a 50-day simple moving average of $1.20 and a 200 day simple moving average of $0.90. The company has a debt-to-equity ratio of 7.04, a current ratio of 1.36 and a quick ratio of 1.36.

LivePerson (NASDAQ:LPSN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.58). LivePerson had a negative net margin of 24.23% and a negative return on equity of 101.10%. The business had revenue of $79.88 million for the quarter, compared to analysts' expectations of $77.62 million. Sell-side analysts anticipate that LivePerson, Inc. will post -0.41 EPS for the current fiscal year.

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.