LivePerson, Inc. (NASDAQ:LPSN) CFO John Deneen Collins Sells 130,000 Shares of Stock

LivePerson, Inc. (NASDAQ:LPSN) CFO John Deneen Collins sold 130,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $0.85, for a total transaction of $110,500.00. Following the sale, the chief financial officer now owns 997,604 shares of the company’s stock, valued at $847,963.40. The trade was a 11.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

John Deneen Collins also recently made the following trade(s):

• On Monday, September 16th, John Deneen Collins sold 85,126 shares of LivePerson stock. The shares were sold at an average price of $1.05, for a total value of $89,382.30.

LivePerson Stock Up 18.6 %

LivePerson stock opened at $1.00 on Tuesday. LivePerson, Inc. has a twelve month low of $0.45 and a twelve month high of $3.98. 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 market cap of $90.26 million, a PE ratio of -0.65 and a beta of 1.78. The firm’s 50 day moving average price is $1.08 and its two-hundred day moving average price is $0.99.

Institutional Trading of LivePerson

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in LivePerson by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company’s stock worth $8,634,000 after purchasing an additional 523,694 shares during the last quarter. Squarepoint Ops LLC lifted its stake in LivePerson by 25.8% in the second quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company’s stock valued at $265,000 after acquiring an additional 93,693 shares during the last quarter. Los Angeles Capital Management LLC grew its position in 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of LivePerson by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock worth $515,000 after purchasing an additional 15,032 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of LivePerson during the 3rd quarter valued at $513,000. 79.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. StockNews.com raised LivePerson from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Barclays upped their price objective on shares of LivePerson from $0.75 to $1.00 and gave the company an “underweight” rating in a research note on Thursday, August 1st. Craig Hallum lowered shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price target on the stock. in a report on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, LivePerson presently has an average rating of “Hold” and an average target price of $1.25.

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.