Insider Selling: LivePerson, Inc. (NASDAQ:LPSN) CAO Sells 21,935 Shares of Stock

LivePerson, Inc. (NASDAQ:LPSN) CAO Jeffrey Ford sold 21,935 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $1.14, for a total transaction of $25,005.90. Following the sale, the chief accounting officer now owns 378,707 shares of the company’s stock, valued at approximately $431,725.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

LivePerson Price Performance

LPSN stock opened at $1.18 on Thursday. LivePerson, Inc. has a 1 year low of $0.45 and a 1 year high of $3.98. The company has a market cap of $104.56 million, a P/E ratio of -0.82 and a beta of 1.79. The firm has a 50-day moving average of $1.19 and a 200 day moving average of $0.92. 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) last announced its earnings results on Wednesday, July 31st. The technology company reported ($0.74) earnings per share 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 the consensus estimate of $77.62 million. On average, sell-side analysts forecast that LivePerson, Inc. will post -0.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LPSN shares. Craig Hallum increased their target price on shares of LivePerson from $1.25 to $1.40 and gave the stock a “buy” rating in a report on Thursday, August 1st. StockNews.com upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Barclays increased their target price on shares of LivePerson from $0.75 to $1.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC reissued a “hold” rating on shares of LivePerson in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1.32.

Hedge Funds Weigh In On LivePerson

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of LivePerson by 6.4% during the first quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company’s stock valued at $8,634,000 after purchasing an additional 523,694 shares in the last quarter. Archon Capital Management LLC bought a new position in shares of LivePerson during the first quarter valued at approximately $5,313,000. Squarepoint Ops LLC increased its stake in shares of LivePerson by 25.8% during the second quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company’s stock valued at $265,000 after purchasing an additional 93,693 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of LivePerson by 3.0% during the second quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company’s stock valued at $243,000 after purchasing an additional 12,273 shares in the last quarter. Finally, AQR Capital Management LLC bought a new stake in shares of LivePerson during the second quarter valued at approximately $159,000. Institutional investors own 79.83% of the company’s stock.

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.