Insider Selling: LivePerson Inc. (LPSN) CFO Sells 2,318 Shares of Stock
LivePerson Inc. (NASDAQ:LPSN) CFO Daniel Richard Murphy sold 2,318 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $8.18, for a total value of $18,961.24. Following the sale, the chief financial officer now owns 94,289 shares in the company, valued at approximately $771,284.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of LivePerson Inc. (NASDAQ:LPSN) traded up 2.56% on Wednesday, hitting $8.40. The stock had a trading volume of 279,415 shares. The company has a 50 day moving average price of $7.73 and a 200-day moving average price of $6.73. LivePerson Inc. has a 12 month low of $3.74 and a 12 month high of $8.43. The stock’s market cap is $485.34 million.
LivePerson (NASDAQ:LPSN) last issued its earnings results on Wednesday, July 27th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.03. The firm earned $56.70 million during the quarter, compared to the consensus estimate of $56.70 million. LivePerson had a negative return on equity of 2.86% and a negative net margin of 11.68%. The company’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 EPS. On average, equities research analysts anticipate that LivePerson Inc. will post ($0.05) earnings per share for the current year.
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A number of equities research analysts have weighed in on LPSN shares. Zacks Investment Research upgraded LivePerson from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research report on Wednesday, July 13th. Benchmark Co. upgraded LivePerson from a “hold” rating to a “buy” rating and raised their price target for the company from $6.00 to $9.00 in a research report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. LivePerson has a consensus rating of “Hold” and a consensus target price of $9.56.
Hedge funds and other institutional investors have recently modified their holdings of the company. RGM Capital LLC increased its position in shares of LivePerson by 4.6% in the first quarter. RGM Capital LLC now owns 4,818,620 shares of the company’s stock valued at $28,189,000 after buying an additional 210,433 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of LivePerson by 0.4% in the second quarter. BlackRock Fund Advisors now owns 3,404,097 shares of the company’s stock valued at $21,582,000 after buying an additional 14,676 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of LivePerson by 100.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,314,492 shares of the company’s stock valued at $21,014,000 after buying an additional 1,657,246 shares in the last quarter. Granahan Investment Management Inc. MA increased its position in shares of LivePerson by 12.0% in the first quarter. Granahan Investment Management Inc. MA now owns 2,824,534 shares of the company’s stock valued at $16,524,000 after buying an additional 303,410 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of LivePerson by 81.4% in the first quarter. Renaissance Technologies LLC now owns 989,800 shares of the company’s stock valued at $5,790,000 after buying an additional 444,200 shares in the last quarter. 73.37% of the stock is owned by institutional investors.
LivePerson, Inc (Liveperson) is a provider of mobile and online messaging technologies that power digital communication between brands and consumers. The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.
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