Insider Selling: LivePerson, Inc. (NASDAQ:LPSN) CEO Sells 166,213 Shares of Stock

LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino sold 166,213 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $0.90, for a total transaction of $149,591.70. Following the sale, the chief executive officer now owns 2,920,384 shares in the company, valued at approximately $2,628,345.60. This trade represents a 5.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 Down 1.0 %

Shares of LivePerson stock opened at $0.91 on Friday. The stock has a market cap of $82.41 million, a price-to-earnings ratio of -0.60 and a beta of 1.51. 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 twelve month low of $0.45 and a twelve month high of $2.08. The company has a fifty day moving average price of $1.20 and a 200 day moving average price of $1.12.

LivePerson (NASDAQ:LPSN) last released its quarterly earnings data on Wednesday, March 5th. The technology company reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $73.21 million during the quarter, compared to analyst estimates of $68.12 million. During the same period in the prior year, the firm earned ($0.06) EPS. Equities research analysts forecast that LivePerson, Inc. will post -0.41 earnings per share for the current fiscal year.

Institutional Trading of LivePerson

Institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in LivePerson in the fourth quarter worth approximately $25,000. Avantax Advisory Services Inc. lifted its stake in shares of LivePerson by 89.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company’s stock valued at $29,000 after purchasing an additional 9,000 shares during the last quarter. Wolverine Trading LLC boosted its holdings in 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 purchasing an additional 16,385 shares in the last quarter. Marshall Wace LLP bought a new position in LivePerson during the fourth quarter valued at about $57,000. Finally, Raymond James Financial Inc. bought a new position in shares of LivePerson in the 4th quarter valued at approximately $66,000. 79.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LPSN shares. Needham & Company LLC reissued a “hold” rating on shares of LivePerson in a report on Thursday, March 6th. StockNews.com downgraded shares of LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.