Mackenzie Financial Corp Sells 1,263,729 Shares of LivePerson, Inc. (NASDAQ:LPSN)

Mackenzie Financial Corp reduced its stake in LivePerson, Inc. (NASDAQ:LPSN - Free Report) by 97.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 38,502 shares of the technology company's stock after selling 1,263,729 shares during the quarter. Mackenzie Financial Corp's holdings in LivePerson were worth $59,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in LivePerson in the 4th quarter worth approximately $57,000. Raymond James Financial Inc. bought a new stake in shares of LivePerson in the fourth quarter valued at approximately $66,000. LPL Financial LLC boosted its position in shares of LivePerson by 140.2% in the fourth quarter. LPL Financial LLC now owns 56,571 shares of the technology company's stock valued at $86,000 after acquiring an additional 33,021 shares during the period. Geode Capital Management LLC boosted its position in shares of LivePerson by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 772,587 shares of the technology company's stock valued at $1,175,000 after acquiring an additional 21,992 shares during the period. Finally, Bridgeway Capital Management LLC bought a new stake in shares of LivePerson in the fourth quarter valued at approximately $152,000. 79.83% of the stock is currently owned by institutional investors and hedge funds.

LivePerson Price Performance

LivePerson stock traded down $0.02 during mid-day trading on Tuesday, hitting $0.76. 650,269 shares of the company were exchanged, compared to its average volume of 2,607,898. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 10.24. The business has a fifty day moving average of $0.78 and a 200 day moving average of $0.99. LivePerson, Inc. has a 1-year low of $0.52 and a 1-year high of $2.08. The company has a market capitalization of $71.70 million, a PE ratio of -0.50 and a beta of 1.52.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LPSN shares. Needham & Company LLC reissued a "hold" rating on shares of LivePerson in a research report on Thursday, May 8th. Wall Street Zen lowered LivePerson from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st.

Insiders Place Their Bets

In other news, Director Vanessa Pegueros sold 30,000 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $0.90, for a total transaction of $27,000.00. Following the sale, the director now owns 139,993 shares in the company, valued at approximately $125,993.70. This represents a 17.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony John Sabino sold 111,020 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $0.98, for a total value of $108,799.60. Following the sale, the chief executive officer now owns 3,243,819 shares in the company, valued at $3,178,942.62. The trade was a 3.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 310,204 shares of company stock worth $287,471 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

LivePerson 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.