LivePerson (NASDAQ:LPSN) CEO Anthony John Sabino Sells 30,000 Shares

LivePerson, Inc. (NASDAQ:LPSN) CEO Anthony John Sabino sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $5.26, for a total value of $157,800.00. Following the completion of the transaction, the chief executive officer owned 153,749 shares of the company’s stock, valued at $808,719.74. The trade was a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, September 17th, Anthony John Sabino sold 6,404 shares of LivePerson stock. The shares were sold at an average price of $10.35, for a total value of $66,281.40.

LivePerson Trading Down 4.8%

Shares of LPSN stock traded down $0.26 on Tuesday, reaching $5.11. The company’s stock had a trading volume of 419,059 shares, compared to its average volume of 261,600. The stock’s fifty day simple moving average is $7.65 and its 200-day simple moving average is $11.53. The company has a market capitalization of $51.30 million, a price-to-earnings ratio of -0.17 and a beta of 1.41. LivePerson, Inc. has a 1 year low of $4.84 and a 1 year high of $31.20.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded LivePerson from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “sell (e+)” rating on shares of LivePerson in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Institutional Investors Weigh In On LivePerson

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. increased its holdings in LivePerson by 31.3% during the 3rd quarter. Raymond James Financial Inc. now owns 56,656 shares of the technology company’s stock worth $33,000 after purchasing an additional 13,502 shares during the period. Charles Schwab Investment Management Inc. grew its position in LivePerson by 7.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company’s stock valued at $318,000 after buying an additional 26,163 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of LivePerson in the first quarter valued at about $26,000. Vanguard Group Inc. increased its position in LivePerson by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,830,467 shares of the technology company’s stock worth $2,233,000 after purchasing an additional 100,727 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of LivePerson in the 2nd quarter worth approximately $246,000. 79.83% of the stock is owned by hedge funds and other institutional investors.

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.