LivePerson (NASDAQ:LPSN) CEO Anthony John Sabino Sells 96,062 Shares

Key Points

• CEO Anthony John Sabino sold 96,062 shares of LivePerson stock at an average price of $0.69, reducing his ownership by 3.37%.
• LivePerson's stock remained flat at $0.69, with a 50-day moving average of $0.97 and a one-year high of $2.08.
• Wall Street Zen has downgraded LivePerson shares from a "hold" rating to a "sell," contributing to the stock's current consensus rating of "Hold" with a target price of $1.00.

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) CEO Anthony John Sabino sold 96,062 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $0.69, for a total value of $66,282.78. Following the completion of the sale, the chief executive officer owned 2,756,234 shares in the company, valued at $1,901,801.46. This represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

LivePerson Price Performance

NASDAQ:LPSN traded up $0.00 on Monday, reaching $0.65. 4,079,359 shares of the company's stock were exchanged, compared to its average volume of 3,812,512. The firm has a market cap of $63.21 million, a price-to-earnings ratio of -0.33 and a beta of 1.46. The stock has a fifty day simple moving average of $0.96 and a 200-day simple moving average of $0.88. LivePerson, Inc. has a 52 week low of $0.51 and a 52 week high of $2.08.

Institutional Trading of LivePerson

Several institutional investors and hedge funds have recently modified their holdings of LPSN. Two Sigma Advisers LP increased its position in shares of LivePerson by 42.0% in the fourth quarter. Two Sigma Advisers LP now owns 906,027 shares of the technology company's stock worth $1,377,000 after purchasing an additional 267,827 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of LivePerson by 7.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company's stock worth $318,000 after buying an additional 26,163 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of LivePerson during the 2nd quarter valued at $246,000. Finally, Virtu Financial LLC bought a new stake in shares of LivePerson during the 1st quarter worth $26,000. Hedge funds and other institutional investors own 79.83% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of LivePerson from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $1.00.

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.