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

LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino sold 111,020 shares of LivePerson stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $0.98, for a total transaction of $108,799.60. Following the transaction, the chief executive officer now directly owns 3,243,819 shares in the company, valued at approximately $3,178,942.62. This represents a 3.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 stock was sold at an average price of $0.90, for a total transaction of $149,591.70.

LivePerson Stock Up 0.8 %

LivePerson stock opened at $0.92 on Friday. LivePerson, Inc. has a 1-year low of $0.45 and a 1-year high of $2.08. The firm has a market capitalization of $84.05 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. The firm has a 50 day simple moving average of $1.19 and a 200 day simple moving average of $1.11.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a report on Thursday, March 6th. StockNews.com cut shares of LivePerson from a “hold” rating to a “sell” rating in a 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $0.88.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of LivePerson during the 4th quarter valued at $25,000. Avantax Advisory Services Inc. grew 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 valued at $29,000 after purchasing an additional 9,000 shares in the last quarter. Wolverine Trading LLC grew its position in shares of LivePerson by 104.1% during the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after purchasing an additional 16,385 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of LivePerson during the 4th quarter valued at $57,000. Finally, Raymond James Financial Inc. purchased a new position in shares of LivePerson during the 4th quarter valued at $66,000. 79.83% of the stock is currently owned by hedge funds and other institutional investors.

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.