Insider Selling: LivePerson, Inc. (NASDAQ:LPSN) Director Sells 84,944 Shares of Stock

LivePerson, Inc. (NASDAQ:LPSN) Director Bruce Edward Hansen sold 84,944 shares of LivePerson stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $0.85, for a total transaction of $72,202.40. The transaction was disclosed in a document filed with the SEC, which is available at this link.

LivePerson Stock Performance

NASDAQ LPSN opened at $0.80 on Monday. LivePerson, Inc. has a 1-year low of $0.45 and a 1-year high of $3.98. The company has a 50 day moving average of $1.02 and a 200-day moving average of $1.01. 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 market cap of $72.01 million, a price-to-earnings ratio of -0.52 and a beta of 1.73.

Wall Street Analyst Weigh In

LPSN has been the topic of several recent research reports. StockNews.com upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Craig Hallum downgraded LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price objective on the stock. in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $1.25.

Hedge Funds Weigh In On LivePerson

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of LivePerson by 6.4% in the first quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company’s stock valued at $8,634,000 after buying an additional 523,694 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in LivePerson by 94.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company’s stock valued at $126,000 after acquiring an additional 60,874 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in shares of LivePerson by 3.0% in the second quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company’s stock worth $243,000 after acquiring an additional 12,273 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of LivePerson during the second quarter worth approximately $32,000. Finally, Squarepoint Ops LLC grew 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 during the last quarter. Institutional investors own 79.83% of the company’s stock.

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.