LivePerson, Inc. (LPSN) Holdings Raised by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in LivePerson, Inc. (NASDAQ:LPSN) by 29.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,535 shares of the technology company’s stock after purchasing an additional 10,466 shares during the period. Wells Fargo & Company MN owned 0.08% of LivePerson worth $512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in LPSN. State of Alaska Department of Revenue increased its position in shares of LivePerson by 79.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 10,610 shares of the technology company’s stock valued at $116,000 after purchasing an additional 4,700 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of LivePerson by 5.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,580 shares of the technology company’s stock valued at $138,000 after purchasing an additional 650 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of LivePerson by 38.1% in the 1st quarter. OppenheimerFunds Inc. now owns 24,653 shares of the technology company’s stock valued at $169,000 after purchasing an additional 6,795 shares during the last quarter. KCG Holdings Inc. purchased a new stake in shares of LivePerson in the 1st quarter valued at approximately $170,000. Finally, Brighton Jones LLC purchased a new stake in shares of LivePerson in the 2nd quarter valued at approximately $182,000. 76.00% of the stock is currently owned by institutional investors.

A number of brokerages have commented on LPSN. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of LivePerson in a research report on Wednesday, November 1st. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $17.50 price objective (up from $15.00) on shares of LivePerson in a research report on Tuesday, October 10th. Zacks Investment Research downgraded shares of LivePerson from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of LivePerson in a research report on Wednesday, August 9th. Finally, Northland Securities reissued a “buy” rating and issued a $15.00 price objective on shares of LivePerson in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.05.

In other LivePerson news, CFO Daniel Richard Murphy sold 2,300 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $13.71, for a total transaction of $31,533.00. Following the transaction, the chief financial officer now directly owns 84,678 shares of the company’s stock, valued at approximately $1,160,935.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dustin Dean sold 2,500 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $14.35, for a total transaction of $35,875.00. The disclosure for this sale can be found here. Insiders sold a total of 60,374 shares of company stock worth $796,159 over the last ninety days. Insiders own 11.70% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.themarketsdaily.com/2017/11/13/liveperson-inc-lpsn-holdings-raised-by-wells-fargo-company-mn.html.

LivePerson, Inc. (NASDAQ:LPSN) opened at $11.10 on Monday. LivePerson, Inc. has a 52-week low of $5.43 and a 52-week high of $15.10.

LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The firm had revenue of $54.49 million for the quarter, compared to the consensus estimate of $54.55 million. LivePerson had a negative net margin of 11.07% and a negative return on equity of 4.41%. The company’s revenue was down .1% on a year-over-year basis. During the same period last year, the firm posted ($0.02) EPS. sell-side analysts forecast that LivePerson, Inc. will post -0.02 earnings per share for the current fiscal year.

LivePerson Company Profile

LivePerson, Inc (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.

Want to see what other hedge funds are holding LPSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LivePerson, Inc. (NASDAQ:LPSN).

Institutional Ownership by Quarter for LivePerson (NASDAQ:LPSN)

Receive News & Ratings for LivePerson Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply