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

LivePerson, Inc. (NASDAQ:LPSN) EVP Monica L. Greenberg sold 12,904 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 568,703 shares in the company, valued at approximately $898,550.74. This represents a 2.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

LivePerson Trading Down 14.0 %

LPSN opened at $1.35 on Thursday. The company has a fifty day moving average price of $1.01 and a two-hundred day moving average price of $1.07. LivePerson, Inc. has a 1-year low of $0.45 and a 1-year high of $3.98. The company has a market cap of $121.85 million, a P/E ratio of -0.88 and a beta of 1.59. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com raised shares of LivePerson from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Craig Hallum lowered LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price on the stock. in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $1.25.

Institutional Trading of LivePerson

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new position in LivePerson in the second quarter worth approximately $32,000. Wolverine Trading LLC increased its holdings in shares of LivePerson by 104.1% during the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after acquiring an additional 16,385 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of LivePerson during the second quarter worth approximately $57,000. AQR Capital Management LLC bought a new position in shares of LivePerson in the 2nd quarter worth $159,000. Finally, Los Angeles Capital Management LLC grew its position in LivePerson by 3.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company’s stock valued at $243,000 after purchasing an additional 12,273 shares during the period. 79.83% of the stock is 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.