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Insider Selling: LivePerson, Inc. (NASDAQ:LPSN) Major Shareholder Sells 706,991 Shares of Stock

LivePerson logo with Computer and Technology background

Key Points

  • Major shareholder Vector Capital Management, L.P. sold 706,991 shares of LivePerson, Inc. for $721,130.82, reducing their ownership by 6.49% to approximately 10.19 million shares.
  • LivePerson shares have been trading around $0.95, with a 52-week range from $0.61 to $2.08 and a market cap of $88.89 million.
  • Recent analyst ratings include a downgrade from Needham & Company to a "sell" by Wall Street Zen, indicating a cautious outlook on the company's stock.
  • Looking to export and analyze LivePerson data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

LivePerson, Inc. (NASDAQ:LPSN - Get Free Report) major shareholder Vector Capital Management, L.P sold 706,991 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $1.02, for a total transaction of $721,130.82. Following the sale, the insider directly owned 10,192,465 shares in the company, valued at approximately $10,396,314.30. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Vector Capital Management, L.P also recently made the following trade(s):

  • On Thursday, August 14th, Vector Capital Management, L.P sold 252,776 shares of LivePerson stock. The shares were sold at an average price of $0.98, for a total value of $247,720.48.
  • On Wednesday, August 13th, Vector Capital Management, L.P sold 955,412 shares of LivePerson stock. The stock was sold at an average price of $0.99, for a total value of $945,857.88.

LivePerson Stock Performance

Shares of NASDAQ LPSN opened at $0.95 on Friday. The business has a 50 day simple moving average of $0.94 and a 200 day simple moving average of $0.94. LivePerson, Inc. has a 52 week low of $0.61 and a 52 week high of $2.08. The stock has a market cap of $88.89 million, a price-to-earnings ratio of -0.47 and a beta of 1.61.

Institutional Trading of LivePerson

A number of institutional investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP boosted its holdings in 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 in the last quarter. Geode Capital Management LLC lifted 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 worth $1,175,000 after buying an additional 21,992 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of LivePerson by 7.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 398,261 shares of the technology company's stock worth $318,000 after acquiring an additional 26,163 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of LivePerson during the 2nd quarter worth about $246,000. Finally, Bridgeway Capital Management LLC acquired a new position in shares of LivePerson during the 4th quarter valued at about $152,000. 79.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of LivePerson in a report on Thursday, May 8th. Wall Street Zen downgraded shares of LivePerson from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st.

View Our Latest Stock Report on LPSN

About LivePerson

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for LivePerson (NASDAQ:LPSN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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