Virtu Financial LLC Invests $26,000 in LivePerson, Inc. $LPSN

Virtu Financial LLC acquired a new position in shares of LivePerson, Inc. (NASDAQ:LPSN) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,043 shares of the technology company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of LivePerson by 7.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company’s stock worth $318,000 after buying an additional 26,163 shares during the period. Two Sigma Advisers LP boosted its position in shares of LivePerson by 42.0% during the fourth quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company’s stock worth $1,377,000 after buying an additional 267,827 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of LivePerson by 146.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 73,794 shares of the technology company’s stock worth $112,000 after buying an additional 43,804 shares during the period. Bridgeway Capital Management LLC acquired a new position in shares of LivePerson during the fourth quarter worth about $152,000. Finally, Marshall Wace LLP acquired a new position in shares of LivePerson during the fourth quarter worth about $57,000. 79.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity at LivePerson

In related news, CEO Anthony John Sabino sold 68,088 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 2,852,296 shares of the company’s stock, valued at approximately $2,139,222. This represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Vector Capital Management, L.P sold 955,412 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $0.99, for a total value of $945,857.88. Following the completion of the sale, the insider directly owned 9,237,053 shares of the company’s stock, valued at approximately $9,144,682.47. The trade was a 9.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,012,664 shares of company stock valued at $1,996,054 over the last three months. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

LPSN has been the subject of several recent research reports. Wall Street Zen cut LivePerson from a “hold” rating to a “sell” rating in a research report on Saturday. Needham & Company LLC reissued a “hold” rating on shares of LivePerson in a research report on Thursday, May 8th.

LivePerson Stock Performance

Shares of NASDAQ LPSN opened at $1.01 on Tuesday. The stock has a 50 day moving average price of $0.94 and a 200 day moving average price of $0.92. LivePerson, Inc. has a 52 week low of $0.61 and a 52 week high of $2.08. The stock has a market capitalization of $97.59 million, a PE ratio of -0.51 and a beta of 1.61.

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.