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

LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino sold 166,213 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $0.90, for a total value of $149,591.70. Following the sale, the chief executive officer now directly owns 2,920,384 shares of the company’s stock, valued at $2,628,345.60. The trade was a 5.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

NASDAQ:LPSN opened at $0.92 on Friday. The firm’s 50-day moving average is $1.19 and its 200-day moving average is $1.11. The company has a market cap of $83.08 million, a price-to-earnings ratio of -0.60 and a beta of 1.51. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.27 and a current ratio of 1.27. LivePerson, Inc. has a 52-week low of $0.45 and a 52-week high of $2.08.

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

Institutional Investors Weigh In On LivePerson

Institutional investors have recently bought and sold shares of the business. Avantax Advisory Services Inc. lifted its holdings in shares of LivePerson by 89.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 19,006 shares of the technology company’s stock worth $29,000 after acquiring an additional 9,000 shares during the period. Charles Schwab Investment Management Inc. raised its position in LivePerson by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 402,345 shares of the technology company’s stock worth $515,000 after purchasing an additional 15,032 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in LivePerson during the fourth quarter worth about $25,000. Wolverine Trading LLC boosted its holdings in LivePerson by 104.1% during the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after purchasing an additional 16,385 shares in the last quarter. Finally, Mystic Asset Management Inc. grew its stake in shares of LivePerson by 57.5% in the 4th quarter. Mystic Asset Management Inc. now owns 50,920 shares of the technology company’s stock valued at $77,000 after purchasing an additional 18,600 shares during the period. Institutional investors and hedge funds own 79.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of LivePerson from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th. Needham & Company LLC reissued a “hold” rating on shares of LivePerson in a research report on Thursday, March 6th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $0.88.

About LivePerson

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.