Insider Selling: LivePerson, Inc. (LPSN) EVP Sells 2,500 Shares of Stock
LivePerson, Inc. (NASDAQ:LPSN) EVP Dustin Dean sold 2,500 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $14.35, for a total transaction of $35,875.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Dustin Dean also recently made the following trade(s):
- On Friday, September 1st, Dustin Dean sold 1,000 shares of LivePerson stock. The shares were sold at an average price of $13.67, for a total transaction of $13,670.00.
- On Tuesday, July 18th, Dustin Dean sold 2,400 shares of LivePerson stock. The shares were sold at an average price of $11.73, for a total transaction of $28,152.00.
LivePerson, Inc. (LPSN) traded up 1.38% during mid-day trading on Thursday, reaching $14.70. 387,956 shares of the company were exchanged. LivePerson, Inc. has a one year low of $5.43 and a one year high of $14.85. The stock has a 50-day moving average price of $13.43 and a 200 day moving average price of $10.75. The company’s market capitalization is $865.83 million.
LivePerson (NASDAQ:LPSN) last issued its earnings results on Wednesday, July 26th. The technology company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). LivePerson had a negative return on equity of 8.71% and a negative net margin of 13.29%. The business had revenue of $54.10 million during the quarter, compared to analysts’ expectations of $51.33 million. During the same period last year, the firm posted ($0.04) EPS. LivePerson’s quarterly revenue was down 4.6% compared to the same quarter last year. Analysts predict that LivePerson, Inc. will post $0.10 EPS for the current year.
A number of large investors have recently modified their holdings of LPSN. Brighton Jones LLC purchased a new stake in shares of LivePerson during the 2nd quarter valued at about $182,000. Renaissance Technologies LLC increased its position in shares of LivePerson by 3.0% during the 1st quarter. Renaissance Technologies LLC now owns 1,769,800 shares of the technology company’s stock valued at $12,123,000 after purchasing an additional 51,700 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of LivePerson by 5.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 207,028 shares of the technology company’s stock valued at $1,419,000 after purchasing an additional 10,944 shares during the last quarter. Pier Capital LLC purchased a new stake in shares of LivePerson during the 2nd quarter valued at about $5,856,000. Finally, OppenheimerFunds Inc. increased its position in shares of LivePerson by 38.1% during the 1st quarter. OppenheimerFunds Inc. now owns 24,653 shares of the technology company’s stock valued at $169,000 after purchasing an additional 6,795 shares during the last quarter. 74.86% of the stock is owned by institutional investors and hedge funds.
LPSN has been the subject of several analyst reports. Roth Capital increased their target price on shares of LivePerson from $10.00 to $15.00 in a report on Tuesday, June 20th. Northland Securities reiterated a “buy” rating and issued a $14.00 target price on shares of LivePerson in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of LivePerson from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Needham & Company LLC initiated coverage on shares of LivePerson in a report on Thursday, September 21st. They issued a “buy” rating and a $16.00 target price for the company. Finally, Benchmark Co. increased their target price on shares of LivePerson from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $12.84.
LivePerson Company Profile
LivePerson, Inc (Liveperson) is a provider of mobile and online business 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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