LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino Sells 111,020 Shares of Stock

LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino sold 111,020 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $0.98, for a total value of $108,799.60. Following the sale, the chief executive officer now owns 3,243,819 shares in the company, valued at $3,178,942.62. This trade represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Down 1.0 %

LivePerson stock opened at $0.91 on Friday. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a 50 day moving average price of $1.20 and a 200 day moving average price of $1.12. LivePerson, Inc. has a fifty-two week low of $0.45 and a fifty-two week high of $2.08. The company has a market capitalization of $82.41 million, a PE ratio of -0.60 and a beta of 1.51.

LivePerson (NASDAQ:LPSN) last released its 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 net margin of 18.72% and a negative return on equity of 111.48%. The firm had revenue of $73.21 million during the quarter, compared to analyst estimates of $68.12 million. During the same period in the prior year, the firm earned ($0.06) earnings per share. Research analysts expect that LivePerson, Inc. will post -0.41 earnings per share for the current year.

Institutional Investors Weigh In On LivePerson

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of LivePerson during the 4th quarter worth about $25,000. Avantax Advisory Services Inc. lifted 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 worth $29,000 after buying an additional 9,000 shares during the last quarter. Wolverine Trading LLC boosted its holdings in shares of LivePerson by 104.1% in the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after buying an additional 16,385 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of LivePerson in the 4th quarter valued at $57,000. Finally, Raymond James Financial Inc. acquired a new stake in LivePerson during the 4th quarter worth $66,000. Hedge funds and other institutional investors own 79.83% of the company’s stock.

Wall Street Analysts Forecast Growth

LPSN has been the topic of several research reports. StockNews.com downgraded shares of LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday, March 13th. Needham & Company LLC reiterated a “hold” rating on shares of LivePerson in a report 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $0.88.

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.