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

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

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 shares were sold at an average price of $0.98, for a total transaction of $108,799.60.

LivePerson Stock Down 1.0 %

Shares of LPSN stock opened at $0.91 on Friday. LivePerson, Inc. has a twelve month low of $0.45 and a twelve month high of $2.08. The stock has a market cap of $82.41 million, a P/E ratio of -0.60 and a beta of 1.51. The stock has a 50 day moving average of $1.20 and a 200 day moving average of $1.12. 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 (NASDAQ:LPSN) last posted its earnings results on Wednesday, March 5th. The technology company reported ($1.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($1.23). The firm had revenue of $73.21 million during the quarter, compared to analyst estimates of $68.12 million. LivePerson had a negative net margin of 18.72% and a negative return on equity of 111.48%. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. As a group, sell-side analysts expect that LivePerson, Inc. will post -0.41 EPS for the current year.

Institutional Investors Weigh In On LivePerson

Institutional investors have recently modified their holdings of the business. Two Sigma Advisers LP raised its stake in shares of LivePerson by 42.0% during 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. Point72 Asia Singapore Pte. Ltd. increased its stake 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 worth $112,000 after buying an additional 43,804 shares in the last quarter. Bridgeway Capital Management LLC purchased a new position in shares of LivePerson in the fourth quarter valued at approximately $152,000. Marshall Wace LLP acquired a new stake in shares of LivePerson in the fourth quarter worth approximately $57,000. Finally, Raymond James Financial Inc. acquired a new position in shares of LivePerson during the 4th quarter worth approximately $66,000. 79.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of LivePerson in a report on Thursday, March 6th. StockNews.com cut LivePerson from a “hold” rating to a “sell” rating in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $0.88.

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.