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

LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino sold 111,020 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 3,243,819 shares in the company, valued at $3,178,942.62. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $0.90, for a total value of $149,591.70.

LivePerson Stock Down 1.0 %

LPSN stock opened at $0.91 on Friday. The firm’s 50-day simple moving average is $1.20 and its 200 day simple moving average is $1.12. The stock has a market cap of $82.41 million, a PE ratio of -0.60 and a beta of 1.51. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 10.24. LivePerson, Inc. has a fifty-two week low of $0.45 and a fifty-two week high of $2.08.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data 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). The company had revenue of $73.21 million during the quarter, compared to analyst estimates of $68.12 million. LivePerson had a negative return on equity of 111.48% and a negative net margin of 18.72%. During the same period in the previous year, the company earned ($0.06) EPS. As a group, sell-side analysts predict that LivePerson, Inc. will post -0.41 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Two Sigma Advisers LP boosted its holdings in shares of LivePerson by 42.0% in the fourth quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company’s stock worth $1,377,000 after buying an additional 267,827 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of LivePerson by 146.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 73,794 shares of the technology company’s stock valued at $112,000 after buying an additional 43,804 shares in the last quarter. Bridgeway Capital Management LLC acquired a new position in shares of LivePerson during the 4th quarter worth $152,000. Marshall Wace LLP acquired a new stake in shares of LivePerson in the 4th quarter valued at $57,000. Finally, Raymond James Financial Inc. bought a new position in shares of LivePerson in the fourth quarter worth about $66,000. Institutional investors and hedge funds own 79.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on LPSN shares. Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a research note on Thursday, March 6th. StockNews.com lowered 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 issued a hold rating to the company’s stock. According to MarketBeat, LivePerson has an average rating of “Hold” and an average target price of $0.88.

About LivePerson

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.