Anthony John Sabino Sells 166,213 Shares of LivePerson, Inc. (NASDAQ:LPSN) Stock

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

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 transaction of $108,799.60.

LivePerson Trading Down 1.0 %

NASDAQ:LPSN traded down $0.01 during mid-day trading on Thursday, hitting $0.91. 686,598 shares of the stock traded hands, compared to its average volume of 3,145,985. 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 52 week low of $0.45 and a 52 week high of $2.08. The stock has a market capitalization of $82.41 million, a price-to-earnings ratio of -0.60 and a beta of 1.51. The firm’s 50 day moving average is $1.21 and its two-hundred day moving average is $1.12.

LivePerson (NASDAQ:LPSN) last issued its quarterly earnings results 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). 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 analysts’ expectations of $68.12 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. On average, equities research analysts predict that LivePerson, Inc. will post -0.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LPSN shares. StockNews.com lowered LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, LivePerson presently has an average rating of “Hold” and an average target price of $0.88.

Institutional Trading of LivePerson

Large investors have recently made changes to their positions in the stock. Two Sigma Advisers LP increased its stake in LivePerson by 42.0% in the 4th 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. Geode Capital Management LLC grew its stake in LivePerson by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 772,587 shares of the technology company’s stock worth $1,175,000 after acquiring an additional 21,992 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 acquiring an additional 15,032 shares in the last quarter. GSA Capital Partners LLP bought a new position in LivePerson in the 3rd quarter worth about $513,000. Finally, XTX Topco Ltd grew its stake in LivePerson by 1,162.0% in the 3rd quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock worth $270,000 after acquiring an additional 194,069 shares in the last quarter. 79.83% of the stock is 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.