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

LivePerson, Inc. (NASDAQ:LPSN) CFO John Deneen Collins sold 130,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $0.85, for a total transaction of $110,500.00. Following the completion of the sale, the chief financial officer now owns 997,604 shares of the company’s stock, valued at approximately $847,963.40. The trade was a 11.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 stock was sold at an average price of $1.05, for a total value of $89,382.30.

LivePerson Price Performance

NASDAQ LPSN traded up $0.16 during trading hours on Monday, reaching $1.00. The company’s stock had a trading volume of 4,760,487 shares, compared to its average volume of 2,903,209. 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 company’s 50-day moving average is $1.08 and its two-hundred day moving average is $0.99. LivePerson, Inc. has a fifty-two week low of $0.45 and a fifty-two week high of $3.98. The stock has a market cap of $90.26 million, a PE ratio of -0.63 and a beta of 1.78.

Institutional Trading of LivePerson

Several large investors have recently modified their holdings of the business. XTX Topco Ltd lifted its stake in LivePerson by 1,162.0% in the 3rd quarter. XTX Topco Ltd now owns 210,770 shares of the technology company’s stock valued at $270,000 after buying an additional 194,069 shares in the last quarter. Wolverine Trading LLC raised its holdings in shares of LivePerson by 104.1% in the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after acquiring an additional 16,385 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of LivePerson by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock valued at $515,000 after acquiring an additional 15,032 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of LivePerson during the third quarter valued at $513,000. Finally, Point72 DIFC Ltd purchased a new stake in LivePerson during the 2nd quarter worth about $32,000. 79.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LPSN shares. Barclays upped their price objective on LivePerson from $0.75 to $1.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. StockNews.com upgraded shares of LivePerson from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Needham & Company LLC reiterated a “hold” rating on shares of LivePerson in a research note on Thursday, August 1st. Finally, 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 report on Friday, November 8th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, LivePerson has an average rating of “Hold” and a consensus price target 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.