Monica L. Greenberg Sells 12,904 Shares of LivePerson, Inc. (NASDAQ:LPSN) Stock

LivePerson, Inc. (NASDAQ:LPSN) EVP Monica L. Greenberg sold 12,904 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $1.58, for a total transaction of $20,388.32. Following the transaction, the executive vice president now owns 568,703 shares of the company’s stock, valued at approximately $898,550.74. This represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

LivePerson Trading Down 14.0 %

Shares of LPSN stock opened at $1.35 on Thursday. LivePerson, Inc. has a twelve month low of $0.45 and a twelve month high of $3.98. The stock’s fifty day simple moving average is $1.01 and its 200 day simple moving average is $1.07. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 10.24. The firm has a market capitalization of $121.85 million, a P/E ratio of -0.88 and a beta of 1.59.

Wall Street Analyst Weigh In

LPSN has been the subject of a number of research analyst reports. Craig Hallum cut LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price target for the company. in a report on Friday, November 8th. StockNews.com raised LivePerson from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1.25.

Institutional Trading of LivePerson

Hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in 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 buying an additional 15,032 shares during the period. Los Angeles Capital Management LLC lifted its holdings 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 purchasing an additional 12,273 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in LivePerson in the second quarter valued at $57,000. Squarepoint Ops LLC increased its holdings 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 purchasing an additional 93,693 shares during the period. Finally, Point72 DIFC Ltd bought a new position in LivePerson during the 2nd quarter worth $32,000. 79.83% of the stock is currently owned by institutional investors.

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.