LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino Sells 166,213 Shares

LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino sold 166,213 shares of LivePerson stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $0.90, for a total transaction of $149,591.70. Following the transaction, the chief executive officer now directly owns 2,920,384 shares of the company’s stock, valued at $2,628,345.60. This represents a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, March 18th, Anthony John Sabino sold 111,020 shares of LivePerson stock. The stock was sold at an average price of $0.98, for a total transaction of $108,799.60.

LivePerson Stock Performance

LPSN stock opened at $0.92 on Friday. The stock has a market capitalization of $83.08 million, a PE ratio of -0.60 and a beta of 1.51. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.27 and a quick ratio of 1.27. The company has a 50 day moving average price of $1.19 and a 200 day moving average price of $1.11. LivePerson, Inc. has a fifty-two week low of $0.45 and a fifty-two week high of $2.08.

LivePerson (NASDAQ:LPSN) last released its earnings results on Wednesday, March 5th. The technology company reported ($1.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($1.23). The firm had revenue of $73.21 million for the quarter, compared to the consensus estimate of $68.12 million. LivePerson had a negative return on equity of 111.48% and a negative net margin of 18.72%. During the same quarter in the previous year, the firm earned ($0.06) EPS. Analysts forecast that LivePerson, Inc. will post -0.41 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LPSN shares. StockNews.com lowered LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th. Needham & Company LLC restated a “hold” rating on shares of LivePerson in a report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $0.88.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP acquired a new position in LivePerson in the third quarter valued at approximately $513,000. Two Sigma Advisers LP lifted its stake in shares of LivePerson by 42.0% in the 4th quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company’s stock valued at $1,377,000 after purchasing an additional 267,827 shares during the period. XTX Topco Ltd lifted its stake in shares of 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 purchasing an additional 194,069 shares during the period. Bridgeway Capital Management LLC bought a new position in shares of LivePerson in the 4th quarter worth $152,000. Finally, Dodds Wealth LLC acquired a new stake in shares of LivePerson during the fourth quarter worth $96,000. Institutional investors own 79.83% of the company’s stock.

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.