Insider Selling: LivePerson, Inc. (NASDAQ:LPSN) EVP Sells 12,904 Shares of Stock

LivePerson, Inc. (NASDAQ:LPSN) EVP Monica L. Greenberg sold 12,904 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $1.58, for a total value of $20,388.32. Following the completion of the transaction, the executive vice president now owns 568,703 shares in the company, valued at approximately $898,550.74. The trade was a 2.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

LivePerson Stock Down 1.9 %

Shares of NASDAQ:LPSN traded down $0.03 during trading on Tuesday, reaching $1.57. 5,554,298 shares of the stock were exchanged, compared to its average volume of 11,320,853. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $141.71 million, a price-to-earnings ratio of -1.03 and a beta of 1.59. LivePerson, Inc. has a 1-year low of $0.45 and a 1-year high of $3.98. The stock has a fifty day moving average of $1.00 and a two-hundred day moving average of $1.06.

Institutional Investors Weigh In On LivePerson

Several institutional investors have recently bought and sold shares of the stock. Point72 DIFC Ltd purchased a new position in shares of LivePerson in the 2nd quarter worth about $32,000. Wolverine Trading LLC boosted its stake in LivePerson by 104.1% during the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after buying an additional 16,385 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of LivePerson in the second quarter worth about $57,000. AQR Capital Management LLC purchased a new stake in LivePerson during the second quarter worth $159,000. Finally, Los Angeles Capital Management LLC grew its stake in shares of LivePerson by 3.0% during 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 during the last quarter. 79.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LPSN has been the subject of a number of research reports. Craig Hallum cut shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price for the company. in a research report on Friday, November 8th. StockNews.com upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the company currently 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.