Insider Selling: LivePerson, Inc. (NASDAQ:LPSN) CEO Sells 111,020 Shares of Stock

LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino sold 111,020 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $0.98, for a total transaction of $108,799.60. Following the completion of the sale, the chief executive officer now owns 3,243,819 shares in the company, valued at $3,178,942.62. This represents a 3.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 transaction of $149,591.70.

LivePerson Price Performance

NASDAQ LPSN traded down $0.01 on Thursday, hitting $0.91. 686,598 shares of the company were exchanged, compared to its average volume of 3,145,985. The firm has a 50 day moving average of $1.21 and a two-hundred day moving average of $1.12. The company has a market cap of $82.41 million, a P/E 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. LivePerson, Inc. has a 1-year low of $0.45 and a 1-year high of $2.08.

LivePerson (NASDAQ:LPSN) last released its earnings results on Wednesday, March 5th. The technology company reported ($1.27) earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $68.12 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. On average, equities analysts predict that LivePerson, Inc. will post -0.41 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on LPSN shares. StockNews.com downgraded shares of LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th. Needham & Company LLC reiterated a “hold” rating on shares of LivePerson in a research report on Thursday, March 6th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, LivePerson presently has an average rating of “Hold” and a consensus price target of $0.88.

Institutional Inflows and Outflows

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

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.