LivePerson, Inc. (NASDAQ:LPSN) CEO Sells $51,066.00 in Stock

LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino sold 68,088 shares of the firm’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of $0.75, for a total transaction of $51,066.00. Following the completion of the sale, the chief executive officer now owns 2,852,296 shares in the company, valued at $2,139,222. This represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Anthony John Sabino also recently made the following trade(s):

• On Thursday, March 20th, Anthony John Sabino sold 166,213 shares of LivePerson stock. The stock was sold at an average price of $0.90, for a total transaction of $149,591.70.

LivePerson Price Performance

NASDAQ:LPSN opened at $0.74 on Friday. The company has a 50-day moving average of $0.78 and a 200-day moving average of $0.98. The company has a market capitalization of $69.11 million, a price-to-earnings ratio of -0.34 and a beta of 1.52. LivePerson, Inc. has a 52 week low of $0.54 and a 52 week high of $2.08. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.65 and a current ratio of 1.65.

Hedge Funds Weigh In On LivePerson

Hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP bought a new position in shares of LivePerson during the 4th quarter worth about $57,000. Raymond James Financial Inc. bought a new position in LivePerson during the 4th quarter valued at about $66,000. LPL Financial LLC lifted its holdings in LivePerson by 140.2% during the 4th quarter. LPL Financial LLC now owns 56,571 shares of the technology company’s stock valued at $86,000 after purchasing an additional 33,021 shares during the last quarter. Geode Capital Management LLC lifted its holdings in LivePerson by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 772,587 shares of the technology company’s stock valued at $1,175,000 after purchasing an additional 21,992 shares during the last quarter. Finally, Bridgeway Capital Management LLC bought a new position in LivePerson during the 4th quarter valued at about $152,000. 79.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of LivePerson from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a report on Thursday, May 8th.

LivePerson Company Profile

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.