LivePerson, Inc. (NASDAQ:LPSN) Director Bruce Edward Hansen Sells 84,944 Shares

LivePerson, Inc. (NASDAQ:LPSN) Director Bruce Edward Hansen sold 84,944 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $0.85, for a total transaction of $72,202.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

LivePerson Trading Down 4.1 %

NASDAQ:LPSN opened at $0.80 on Friday. The firm has a fifty day simple moving average of $1.03 and a two-hundred day simple moving average of $1.00. LivePerson, Inc. has a 12 month low of $0.45 and a 12 month high of $3.98. The stock has a market capitalization of $72.01 million, a price-to-earnings ratio of -0.52 and a beta of 1.73. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 10.24.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LPSN. Vanguard Group Inc. boosted its holdings in LivePerson by 6.4% during the first quarter. Vanguard Group Inc. now owns 8,656,439 shares of the technology company’s stock worth $8,634,000 after purchasing an additional 523,694 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of LivePerson by 94.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company’s stock valued at $126,000 after purchasing an additional 60,874 shares during the last quarter. Los Angeles Capital Management LLC grew its position in LivePerson by 3.0% during the second quarter. Los Angeles Capital Management LLC now owns 418,396 shares of the technology company’s stock valued at $243,000 after buying an additional 12,273 shares during the period. Point72 DIFC Ltd bought a new position in shares of LivePerson during the 2nd quarter valued at approximately $32,000. Finally, Squarepoint Ops LLC raised its holdings in shares of LivePerson by 25.8% in the 2nd quarter. Squarepoint Ops LLC now owns 456,251 shares of the technology company’s stock worth $265,000 after purchasing an additional 93,693 shares during the period. Institutional investors and hedge funds own 79.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LPSN shares. Craig Hallum downgraded LivePerson from a “buy” rating to a “hold” rating and set a $1.00 target price for the company. in a research note on Friday, November 8th. StockNews.com raised LivePerson from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, LivePerson currently has an average rating of “Hold” and a consensus price target of $1.25.

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.