LivePerson, Inc. (NASDAQ:LPSN) CFO John Deneen Collins Sells 130,000 Shares

LivePerson, Inc. (NASDAQ:LPSN) CFO John Deneen Collins sold 130,000 shares of LivePerson stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $0.85, for a total transaction of $110,500.00. Following the sale, the chief financial officer now directly owns 997,604 shares of the company’s stock, valued at $847,963.40. This trade represents a 11.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

John Deneen Collins also recently made the following trade(s):

• On Monday, September 16th, John Deneen Collins sold 85,126 shares of LivePerson stock. The stock was sold at an average price of $1.05, for a total value of $89,382.30.

LivePerson Stock Down 7.2 %

Shares of LPSN stock opened at $0.93 on Wednesday. The stock’s 50 day simple moving average is $1.08 and its 200 day simple moving average is $0.99. LivePerson, Inc. has a twelve month low of $0.45 and a twelve month high of $3.98. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $83.78 million, a price-to-earnings ratio of -0.61 and a beta of 1.78.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of LivePerson in a research report on Thursday, August 1st. Barclays increased their price objective on LivePerson from $0.75 to $1.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. Craig Hallum lowered shares of LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price objective on the stock. in a research report on Friday, November 8th. Finally, StockNews.com raised shares of LivePerson from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1.25.

Hedge Funds Weigh In On LivePerson

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LPSN. Point72 DIFC Ltd bought a new stake in shares of LivePerson during the 2nd quarter worth $32,000. Wolverine Trading LLC raised its holdings in LivePerson by 104.1% in the 3rd quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock worth $40,000 after acquiring an additional 16,385 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in LivePerson during the 2nd quarter worth $57,000. Tidal Investments LLC bought a new stake in LivePerson during the first quarter valued at about $98,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of LivePerson by 94.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company’s stock valued at $126,000 after purchasing an additional 60,874 shares during the last quarter. Institutional investors and hedge funds 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.