LivePerson Inc. (LPSN) EVP Monica L. Greenberg Sells 1,551 Shares
LivePerson Inc. (NASDAQ:LPSN) EVP Monica L. Greenberg sold 1,551 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $8.17, for a total value of $12,671.67. Following the completion of the transaction, the executive vice president now directly owns 52,269 shares of the company’s stock, valued at approximately $427,037.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
LivePerson Inc. (NASDAQ:LPSN) traded up 2.56% during trading on Wednesday, reaching $8.40. The company had a trading volume of 279,415 shares. The stock’s market capitalization is $485.34 million. LivePerson Inc. has a 1-year low of $3.74 and a 1-year high of $8.43. The firm has a 50-day moving average of $7.73 and a 200-day moving average of $6.73.
LivePerson (NASDAQ:LPSN) last posted its earnings results on Wednesday, July 27th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.03. The business earned $56.70 million during the quarter, compared to analysts’ expectations of $56.70 million. LivePerson had a negative net margin of 11.68% and a negative return on equity of 2.86%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS. On average, analysts anticipate that LivePerson Inc. will post ($0.05) EPS for the current fiscal year.
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Several brokerages have recently issued reports on LPSN. Zacks Investment Research cut LivePerson from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 3rd. Benchmark Co. raised LivePerson from a “hold” rating to a “buy” rating and boosted their price objective for the company from $6.00 to $9.00 in a report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $9.56.
Institutional investors have recently modified their holdings of the company. Prudential Financial Inc. raised its position in shares of LivePerson by 16.0% in the first quarter. Prudential Financial Inc. now owns 130,449 shares of the company’s stock valued at $763,000 after buying an additional 18,000 shares during the last quarter. Menta Capital LLC raised its position in shares of LivePerson by 127.5% in the first quarter. Menta Capital LLC now owns 61,192 shares of the company’s stock valued at $358,000 after buying an additional 34,300 shares during the last quarter. Geode Capital Management LLC raised its position in shares of LivePerson by 4.5% in the first quarter. Geode Capital Management LLC now owns 361,854 shares of the company’s stock valued at $2,116,000 after buying an additional 15,604 shares during the last quarter. Bogle Investment Management L P DE purchased a new position in shares of LivePerson during the first quarter valued at about $1,017,000. Finally, RGM Capital LLC raised 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 during the last quarter. 73.37% of the stock is currently 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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