Key Points
- Director James Miller sold 2,133 LivePerson shares on Dec. 17 at an average price of $4.73 for about $10,089, cutting his stake by 8.77% to 22,196 shares (SEC filing).
- Shares opened at $4.26 and were down about 4.9%; the company has a market cap of roughly $50.6 million, a negative P/E, and long-run moving averages of $5.47 (50-day) and $10.47 (200-day).
- Institutional investors own ~79.8% of LPSN with recent buys from Vanguard, Charles Schwab and others, while analyst sentiment is weak (consensus "Reduce" with ratings ranging from Hold to Sell).
LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) Director James Miller sold 2,133 shares of LivePerson stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $4.73, for a total transaction of $10,089.09. Following the completion of the transaction, the director owned 22,196 shares in the company, valued at approximately $104,987.08. This represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
LivePerson Trading Down 4.9%
Shares of LPSN opened at $4.26 on Friday. LivePerson, Inc. has a twelve month low of $4.34 and a twelve month high of $31.20. The stock's 50 day moving average is $5.47 and its two-hundred day moving average is $10.47. The firm has a market capitalization of $50.55 million, a PE ratio of -0.16 and a beta of 1.42.
Institutional Investors Weigh In On LivePerson
A number of institutional investors have recently modified their holdings of LPSN. Charles Schwab Investment Management Inc. boosted its holdings in LivePerson by 7.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company's stock worth $318,000 after purchasing an additional 26,163 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of LivePerson in the second quarter valued at about $246,000. Calamos Advisors LLC acquired a new stake in shares of LivePerson during the 3rd quarter worth approximately $1,978,000. Vanguard Group Inc. boosted its stake in LivePerson by 2.7% during the third quarter. Vanguard Group Inc. now owns 3,830,467 shares of the technology company's stock worth $2,233,000 after buying an additional 100,727 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of LivePerson by 31.3% during the 3rd quarter. Raymond James Financial Inc. now owns 56,656 shares of the technology company's stock valued at $33,000 after acquiring an additional 13,502 shares in the last quarter. Institutional investors and hedge funds own 79.83% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on LPSN. Weiss Ratings reiterated a "sell (e+)" rating on shares of LivePerson in a report on Monday. Wall Street Zen upgraded LivePerson from a "sell" rating to a "hold" rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce".
View Our Latest Stock Report on LivePerson
LivePerson Company Profile
(
Get Free Report)
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.
Further Reading
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